NTT Data close to making $1.2 billion offer for Keane

NTT (NYSE: NTT) continues to make waves in the U.S. data and telecom market with a potential purchase of Boston, Mass.-based applications service provider Keane for over $1.2 billion.

According to a report in Bloomberg citing an unidentified source close to the two companies, NTT would like to close a deal by the end of this month.

With an acquisition of Keane, NTT Data would gain not only enhanced expertise in four distinct areas serving various vertical industry segments: application services, business process outsourcing, infrastructure services, and program & performance management for government clients.  

Although the deal would help NTT enhance its already-established U.S. and Latin American presence through its NTT America division, the acquisition is part of a broader company strategy to "quadruple" its international sales by 2013.

Earlier this month, NTT reached a deal to acquire Dimension Data Holdings Plc, an IT services and solution provider.

For more:
- Bloomberg has this article

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