Thursday, October 28, 2010

NTT DATA to Acquire Keane for IT Services Business

NTT DATA CORPORATION has agreed to acquire Keane, a U.S.-based IT services firm, for an undisclosed sum. Keane is majority owned by Citigroup Venture Capital International Technology Holdings.

Keane, which is based in Boston, provides a broad range of IT services related to custom application development and management, enterprise application services, infrastructure solutions, and business process outsourcing. The company has approximately 12,000 professionals, including 5,000 across North America and 7,000 professionals in Europe, India, Asia-Pacific

NTT DATA said the acquisition is part of its strategy to accelerate its globalization and boost its global portfolio and overseas presence. NTT DATA will also gain enhanced operational know-how regarding global delivery, which will support its IT services business and enable the provision of vertically focused IT solutions in the U.S. and abroad.

"This transaction with Keane will allow us to provide comprehensive IT services including system development and management of mission critical systems in North America. Keane has a superior reputation in the area of application and infrastructure services, as well as deep industry expertise. I believe that this, combined with their unique global delivery model and our global scale, offers more cost-effective and higher value solutions to our customers," stated Toru Yamashita, President and Chief Executive Officer of NTT DATA.

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