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MarketScreener Homepage  >  Equities  >  Tokyo  >  NTT DATA Corporation    9613   JP3165700000

NTT DATA CORPORATION

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NTT DATA Services : to Acquire Flux7, an AWS Premier Consulting Partner

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12/03/2019 | 01:21pm EST

NTT DATA Services, a recognized leader in global technology services, today announced a definitive agreement to acquire Flux7, an IT services firm that improves business agility through IT delivery optimization and cloud-native application migration and modernization.

Flux7, an Amazon Web Services (AWS) Premier Consulting Partner, provides cloud implementation and migration, automation, and DevOps consulting services for enterprises with significant experience in the financial services, pharmaceuticals, software, manufacturing and retail industries. As a result of the acquisition, NTT DATA will add a team of highly specialized experts, as well as scalable, proprietary DevOps intellectual property from Flux7, which was recently included on the Inc. 5000 list for the third consecutive year.

“The acquisition of Flux7 will enhance the value we can deliver in AWS, DevOps, and Agile development capabilities, while aligning with our focus to drive digital services for our clients,” said Bob Pryor, CEO, NTT DATA Services. “With an excellent brand, industry recognition and impressive client base, as well as a strong record of growth, Flux7 is a strategic fit for our business and part of our ongoing strategy of growth through acquisition.”

Flux7 brings an application-centric approach to cloud implementation projects with a focus on DevOps, Agile application development and migration. Coupled with NTT DATA’s established cloud lifecycle expertise, Flux7’s consulting and implementation capabilities will extend NTT DATA’s strength in public cloud to deliver clients the benefits of the AWS platform.

“This opportunity will allow Flux7 and our clients to take advantage of NTT DATA’s expanded portfolio and resources, as well as the depth and expertise of a top 10 global IT services provider,” said Aater Suleman, Ph.D., co-founder and CEO of Flux7, who will continue to lead the company’s day-to-day operations as part of NTT DATA. “Access to NTT’s global R&D, applications, infrastructure, and investments in digital transformation and innovation will also enable us to leverage complementary resources that accelerate modernization initiatives for our clients and bring improvements to our employee culture.”

With the acquisition of Flux7, NTT DATA will strengthen its ability to refactor and replatform applications, while enhancing its modern development practices, such as microservices and serverless application architecture. Earlier this year, NTT DATA was also named a Leader in application modernization and migration services, as identified in the recent “The Forrester WaveTM: Application Modernization and Migrations Services, Q3 2019.”

NTT DATA Services, which also recently announced acquisitions of Sierra Systems Group, Inc. and Cognosante Consulting, LLC, is a division of NTT DATA Corporation, a top 10 global business and IT services provider with more than 120,000 global employees, and part of NTT, a $107 billion company recently ranked No. 64 on the Fortune Global 500.

Layer 7 Capital served as Flux7’s exclusive financial advisor for this transaction. The acquisition is expected to close by Dec. 31, 2019 and is subject to customary closing conditions.

About Flux7

Flux7 is an IT services firm helping businesses to improve agility by designing, implementing and transferring knowledge to customers. By collaborating with customers to implement cloud automation using the latest technologies and strategies, Flux7 accelerates projects to support digital software innovation and operational excellence. Founded in 2013, Flux7 has delivered over 400 projects using DevOps strategies to over 170 enterprise companies spanning life sciences, automotive, manufacturing, financial, retail and other sectors. Learn how Flux7 helps businesses bring solutions to market faster at https://www.flux7.com.

About NTT DATA

NTT DATA partners with clients to navigate and simplify the modern complexities of business and technology, delivering the insights, solutions and outcomes that matter most. We deliver tangible business results by combining deep industry expertise with applied innovations in digital, cloud and automation across a comprehensive portfolio of consulting, application, infrastructure and business process services.

NTT DATA Services, headquartered in Plano, Texas, is a division of NTT DATA Corporation, a top 10 global business and IT services provider with 120,000+ professionals in more than 50 countries, and NTT, a partner to more than 85 percent of the Fortune 100. Visit nttdataservices.com to learn more.


© Business Wire 2019
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Financials (JPY)
Sales 2020 2 274 B
EBIT 2020 153 B
Net income 2020 96 854 M
Debt 2020 339 B
Yield 2020 1,20%
P/E ratio 2020 21,9x
P/E ratio 2021 19,1x
EV / Sales2020 1,08x
EV / Sales2021 1,05x
Capitalization 2 114 B
Technical analysis trends NTT DATA CORPORATION
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 1 703,85  JPY
Last Close Price 1 507,00  JPY
Spread / Highest target 32,7%
Spread / Average Target 13,1%
Spread / Lowest Target -3,78%
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Yo Honma President & Representative Director
Tsuyoshi Kitani Director & Senior GM-Technological Innovation
Shigeki Yamaguchi Representative Director, EVP & Head-Corporate
Yukio Okamoto Independent Outside Director
Eiji Hirano Independent Outside Director
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