NTT DATA to Acquire Nexient, Growing its Application Development & Modernization Capabilities
PLANO, Texas – May 18, 2021 – NTT DATA Services, a global digital business and IT services leader, has entered an agreement to acquire Nexient, a cloud-native company that will expand NTT DATA’s differentiating transformation, modernization and cloud app development experience. Nexient will serve as a scalable anchor for NTT DATA’s Application Development & Modernization practice, adding user-centric full stack product development capabilities and speeding the ability to offer sophisticated digital transformation services to clients, including digital product strategy, product design and development, and platform transformation.
Nexient brings product mindset and highly prized agile software development talent to NTT DATA’s clients. Its U.S.-based delivery complements NTT DATA’s global delivery, providing a differentiator by ensuring clients have easy access to delivery-center based, 100% agile, product teams in NTT DATA Services’ largest market. NTT DATA will continue to partner with global clients and deliver solutions from its global delivery network to meet their needs.
Nexient will become part of a top six global IT services leader with vast resources. Its clients will benefit from access to global R&D and ongoing investments in digital transformation services, and its employees will have access to expanded career opportunities.
“Application Development and Modernization is a critical and fast-growing piece of the digital transformation value chain. With Nexient’s agile, product-minded development disciplines, we’re better equipped to help our clients quickly take advantage of digital innovations,” said Eric Clark, Chief Digital & Strategy Officer, NTT DATA Services. “NTT DATA is investing to grow our business and our digital expertise through hiring, training and R&D, as well as targeted acquisitions of best-in-class, digital companies. Nexient is the next step in this strategy and a great addition to our team.”
“Nexient’s product-minded agile development approach has earned our clients’ trust to solve their complex business problems,” said Mark Orttung, Nexient CEO. “Building on our commitment to operate within our core values, leadership competencies, and team-based approach, we are excited to join NTT DATA and expand the scope and value of the services we deliver to our clients.”
Nexient supports NTT DATA’s strategy to be the preferred digital partner in the market by providing proactive innovation, thought leadership and delivery excellence to help clients succeed by expanding the scale and scope of NTT DATA’s Digital Application Development & Modernization services.
White & Case LLP acted as legal counsel to NTT DATA, Stubbs, Alderton & Markiles, LLP acted as legal counsel to Nexient and RBC Capital Markets acted as financial advisor to Nexient. The transaction is subject to customary closing conditions, including regulatory approval and is expected to close next month.
Nexient, LLC is America’s largest 100 percent U.S.-based software services provider. Established in 2009, the company is headquartered in Silicon Valley with delivery centers in Ann Arbor, Michigan and Columbus, Ohio. The company uses product-minded agile software development to help clients drive revenue, loyalty and growth through digital transformation.
This press release contains forward-looking statements concerning NTT DATA and its current expectations and projections about future events and trends affecting its business, including with respect to the acquisition of Nexient, the business impact of the acquisition of Nexient and the potential of growth related to digital and automated services. Forward-looking statements should not be read as guarantees of future performance or results, and they involve risks, uncertainties and assumptions. Although NTT DATA makes such statements based on assumptions that its believes to be reasonable, there can be no assurance that actual results will not differ materially from those expressed in the forward-looking statements.
About NTT DATA
NTT DATA – a part of NTT Group – is a trusted global innovator of IT and business services headquartered in Tokyo. We help clients transform through consulting, industry solutions, business process services, digital & IT modernization and managed services. NTT DATA enables them, as well as society, to move confidently into the digital future. We are committed to our clients’ long-term success and combine global reach with local client attention to serve them in over 50 countries around the globe. Visit us at nttdata.com.
NTT DATA Services is a recognized leader in IT and business services including cloud, data and applications. A division of NTT DATA headquartered in Texas, the company leverages consulting and deep industry expertise to help clients accelerate and sustain value throughout their digital journeys. Visit nttdataservices.com or LinkedIn to learn more.