NTT acquires Value Team to build European and Latin American presence

NTT's (NYSE: NTT) services subsidiary NTT Data Europe wants to further its presence in both Europe and Latin America so it's going to  acquire Italian IT service provider Value Team from Value Partners.

Seeing Value Team as a "bridgehead" with Brazil to target new customers in other Latin American-based countries, Value Team provides a host of IT services including consulting, system integration and outsourcing to companies in Europe and Brazil.

NTT would not directly confirm the financial terms of the deal.

Following its deal to acquire Boston-based Keane International last December, analysts cited the Value Team acquisition as just another piece in NTT's three-year, $3.7 billion spending plan on acquisitions to enhance its international sales.

"This acquisition has a positive impact on NTT Data's overseas expansion plan," Hidemasa Mizumoto, an analyst at Mizuho Investors Securities Co. in Tokyo, told Bloomberg. "Value Team SpA's business locations in South America will help NTT Data to obtain more overseas sales."

For more:
- Bloomberg has this article

Related articles:
NTT DATA wraps up acquisition of Keane International
NTT Data close to making $1.2 billion offer for Keane
NTT America adds storage to its enterprise cloud offering
NTT America hands President and CEO torch to Kazuhiro Gomi

Suggested Articles

Frontier announced on Friday that it has secured approval for its Chapter 11 restructuring plan from the New York Public Service Commission.

SpaceX and Neustar are among the seven new members that have recently joined USTelecom.

After shopping it around for about a year, GTT has reached a $2.15 billion deal to sell off its infrastructure division to I Squared Capital.