NTT announced on Monday that it has pulled 28 of its business divisions into a newly created entity called NTT Ltd.
Prior to today's news, NTT had a host of divisions, including NTT DATA, Dimension Data, and NTT Security, that made it difficult for customers to do business with. By folding most of the parts together, NTT Ltd. is now a single international ICT provider that has 40,000 employees with annual revenues of $11 billion.
“I’m extremely proud to lead NTT Ltd. into a new and exciting era," said Jason Goodall, CEO for NTT Ltd., in a prepared statement. "Today, we’ve created a global technology services provider that delivers a full breadth of industry-leading products, solutions and managed services that address our clients’ business needs.
NTT Ltd. is headquartered in London, but has offices across more than 70 countries and regions. In addition to making it easier for enterprise customers to do business with NTT, the single entity also looks to reap the benefits of economies of scale versus the single entities that previously existed.
“Organizations worldwide are increasingly looking to technology companies that can adapt and support them across a range of fast-moving challenges, societies, agriculture and manufacturing need fully-integrated solutions that will help them harness the power of IoT, edge analytics and collaboration platforms," said IDC's Chris Barnard, vice president for enterprise infrastructure and communications, in a statement. "In coming together as one company, NTT is acknowledging this, giving them one single view across their organization for better insights that will help them transform and benefit from change."