NTT DATA and Dell entered into an agreement for NTT DATA to acquire Dell Services, an IT services provider recognized for its depth in vertical industries and for its offerings around infrastructure services, cloud services, application services and business process outsourcing.

“NTT DATA is pleased with the unique opportunity to acquire such high-caliber talent, and a corporate culture that shares common values with NTT DATA, with emphasis on ‘Clients First,’ ‘Foresight,’ ‘Teamwork’ and a commitment to innovation,” stated Toshio Iwamoto, president and CEO of NTT DATA. “Welcoming Dell Services to NTT DATA is expected to strengthen our leadership position in the IT Services market and initiates an important business relationship with Dell.”

Through this transaction NTT DATA and Dell Services clients will have access to the expanded capabilities and industry offerings of the combined organization, delivering upon a consistent theme that is inherent to the NTT DATA brand: placing clients’ needs first, fostering innovation and driving accelerated results through its global reach and cost-efficient solutions.

Wells Fargo Securities acted as lead financial advisor to NTT DATA, J.P. Morgan Securities and Credit Suisse Securities (USA) also acted as financial advisors to NTT DATA. Citigroup acted as lead financial advisor to Dell.

NTT DATA is a IT services provider and global innovation partner with 80,000 professionals based in over 40 countries. NTT DATA emphasizes long-term commitment and combines global reach and local intimacy to provide premier professional services, including consulting, application services, business process and IT outsourcing, and cloud-based solutions.

“I’m extremely proud of Dell Services’ solid growth, broad capabilities and deep domain expertise in Healthcare & Life Sciences, Banking, Financial Services and Insurance. Our investments in digital services, application modernization, tools, automation and ’as-a-service‘ models, have enabled Dell Services customers to simplify their IT environment, empower their workforce, engage their customers and grow,” said Michael Dell, chairman and chief executive officer of Dell. “Together, NTT DATA and Dell Services will be a winning combination for Dell Services customers, team members and partners.”