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MarketScreener Homepage  >  Equities  >  Tokyo  >  Nippon Telegraph And Telephone Corp    9432   JP3735400008

NIPPON TELEGRAPH AND TELEPHONE CORP

(9432)
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Nippon Telegraph And Telephone : NTT Security Completes Acquisition of Application Security Provider, WhiteHat Security

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07/09/2019 | 05:57am EDT

San Jose, Calif. - NTT Security, the specialized security division and center of excellence in security for NTT, today announced that it has completed the acquisition of WhiteHat Security, a leading application security provider committed to securing applications that run enterprises' businesses.

The acquisition will strengthen NTT Security's ability to address modern enterprise security needs that range from IT infrastructure to critical business applications, covering the full lifecycle of digital transformation.

As part of the completed transaction, WhiteHat Security will continue to operate as an independent, wholly-owned subsidiary. NTT Security is one of 28 remarkable companies to be brought together to become a global leading technology services provider, NTT (announced on 1st July 2019). Formed to work with organizations around the world, NTT enables its clients to shape and achieve outcomes through intelligent technology solutions and champions a more secure and connected future.

"With the cyberthreat landscape constantly growing and applications being central to digital businesses, application security is more important now than ever before. As part of the NTT Security family, we are well-equipped to provide global solutions to meet the rising demand for application security," said Craig Hinkley, CEO, WhiteHat Security. "The WhiteHat Security team looks forward to the next phase of our journey. Our customers, partners and the market continue to appreciate the strategic nature of this acquisition and the combined cybersecurity solutions we can now offer."

"At NTT Security, our goal is to provide comprehensive, game-changing cybersecurity solutions that address the broad needs of digital transformation. With the acquisition of WhiteHat Security, we are now able to offer the full spectrum of cybersecurity solutions to protect digital businesses," said Matthew Gyde, CEO, NTT Security. "We look forward to formally welcoming the global WhiteHat Security team and its impressive customer-base to NTT Security."

Recent accolades for WhiteHat Security include being recognized as a Bronze Stevie® Award winner in the Most Innovative Tech Company of the Year category for the 17th Annual American Business Awards®; being named a finalist in the White Hat category of the inaugural Channel Partners Excellence in Digital Services Awards; receiving a 5-Star rating in CRN's 2019 Partner Program Guide; and earning top recognition in three categories from Cyber Defense Magazine's 2019 InfoSec Awards: Best Product, Web Application Security; Most Innovative, Software Security Tools; and Best Product, Application Security Testing.

To learn more about the acquisition, visit our newsroom here.

NTT Security Corporation was advised by Houlihan Lokey Capital Inc.

About NTT Security

NTT Security is the specialized security business and the center of excellence in security for NTT. With embedded security, we enable NTT companies (including Dimension Data and NTT Communications) to deliver resilient business solutions for clients' digital transformation needs. NTT Security has multiple SOCs, seven R&D centers, over 1,500 security experts and handles hundreds of thousands of security incidents annually across six continents. NTT Security ensures that resources are used effectively by delivering the right mix of Managed Security Services, Security Consulting Services and Security Technology for NTT Group companies - making best use of local resources and leveraging our global capabilities.

About NTT

NTT Ltd. is a leading, global technology services company. We partner with organizations around the world to shape and achieve outcomes through intelligent technology solutions. For us, intelligent means data driven, connected, digital, and secure. As a global ICT provider, we employ more than 40,000 people in a diverse and dynamic workplace that spans 57 countries. Together we enable the connected future.

About WhiteHat Security

WhiteHat Security has honed its 18 years of experience in the application security space to provide developers and businesses with the tools and services they need to write and deliver the most secure software at the speed of business. The award-winning WhiteHat Application Security Platform, which has been featured on the Gartner Magic Quadrant for Application Security Testing for the last five years, is empowering DevSecOps by continuously assessing the risk for organizations' software assets and helping them to embed security throughout the software life cycle (SLC). The company is an independent, wholly-owned subsidiary of NTT Security and is based in San Jose, California, with regional offices across the U.S. and Europe. For more information on WhiteHat Security, please visit www.whitehatsec.com, and follow us on Twitter, LinkedIn and Facebook.

Media relations for NTT Security

Louise Burke

Origin Comms

+44 07917 176095

nttsecurity@origincomms.com

Media relations for WhiteHat Security

Emily Gallagher/Alyssa Pallotti

Touchdown PR

+1 512-373-8500

whitehat@touchdownpr.com

.

(C) 2019 M2 COMMUNICATIONS, source M2 PressWIRE

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Financials (JPY)
Sales 2020 11 814 B
EBIT 2020 1 597 B
Net income 2020 864 B
Debt 2020 3 537 B
Yield 2020 3,75%
P/E ratio 2020 10,9x
P/E ratio 2021 10,3x
EV / Sales2020 1,10x
EV / Sales2021 1,06x
Capitalization 9 404 B
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Average target price 5 866,25  JPY
Last Close Price 5 038,00  JPY
Spread / Highest target 62,8%
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