NTT DATA will add to its digital expertise in federal health and further expand its range of services across the public sector health space.
NTT DATA Services, part of Japanese multinational system integration company NTT DATA Corporation, recently signed an agreement for the acquisition of NET ESOLUTIONS CORPORATION (NETE), a US full-service digital transformation and IT company that provides value-focused solutions to federal biomedical, and health IT customers. The combination of NTT DATA and NETE’s digital leadership, consulting, and services in healthcare will benefit clients. NTT DATA will be able to increase its digital expertise in federal health and further expand its range of services across the public sector health space with the help of the acquisition.
“Our employees and clients will be benefiting from access to the vast resources of a top 10 business and technology services provider, which includes global investments, infrastructure, and research and development in digital innovation and transformation. The breadth and depth of NTT DATA’s commercial experience among healthcare providers, life sciences, and health plans, and also its strong reputation in the public sector, will be opening the door for more opportunities for NETE customers,” said Managing Director of NETE, Sandeep Somaiya.
NTT DATA to add over 300 highly qualified team members with the acquisition
“NETE has pioneered innovative health technologies and supported the treatment, diagnosis, detection, and prevention of disabilities and diseases both internationally and domestically. Their thought leadership and digital capabilities improve the value we can deliver to NTT DATA public sector healthcare clients. The companies are also an excellent cultural fit, as NETE’s commitment to diversify perfectly complements our global culture of equality and acceptance,” said President, Public Sector at NTT DATA Services, Tim Conway.
The acquisition of NETE will help NTT DATA to add over 300 team members who are highly qualified. The transaction is subject to regulatory approvals and customary closing conditions. It is expected to close later in 2019. For the transaction, Baird, a US multinational independent investment bank and financial services company, served as the exclusive financial advisor to NETE.