View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
November 1, 2010

NTT Data, Keane announce definitive merger agreement

Transaction expected to close in December, 2010

By CBR Staff Writer

Japanese-based IT services company, NTT Data, and US-based IT services firm, Keane International, have entered into a definitive merger agreement under which Knight Subsidiary, a wholly-owned subsidiary of NTT Data, will merge with Keane International, resulting in Keane becoming a wholly-owned subsidiary of NTT Data.

Keane International is majority owned by Citigroup Venture Capital International Technology Holdings (CVCI).

Keane said it will continue to be headquartered in Boston and provide a range of IT services related to custom application development and management, enterprise application services, infrastructure solutions, and business process outsourcing to respected companies and government agencies in the US as well as public and private sector clients in Europe and Asia Pacific. I

The transaction is part of NTT Data’s strategy to accelerate its globalisation and boost its global portfolio and overseas presence.

NTT Data president and chief executive officer Toru Yamashita said this transaction with Keane will allow them to provide comprehensive IT services including system development and management of mission critical systems in North America.

Keane president and chief executive officer John McCain said the company fully intends to capitalise on the size and scale of NTT Data through not only serving their existing customers better with expanded infrastructure and enterprise application offerings, but also being able to compete and participate in larger, more significant deals with their customers and prospects given their global reach.

Content from our partners
The growing cybersecurity threats facing retailers
How to integrate security into IT operations
How Kodak evolved to tackle seismic changes in the print industry and embrace digital revolution

Terms of the deal were not disclosed. The transaction is expected to close in December, 2010, subject to approvals.

Websites in our network
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
I consent to New Statesman Media Group collecting my details provided via this form in accordance with the Privacy Policy