NTT Data has acquired Carlisle & Gallagher Consulting Group, a US-based consultancy firm with seven offices across the country. The deal will see the two companies synergise their strengths in the financial IT market, predominantly in the US, to further improve client outcomes in terms of the rapidly changing IT landscape. The value of the deal has not been disclosed.
NTT Data is an in 1967 founded IT Services Company, with its global head office in Toyosu, Tokyo. The company provides consulting, application services, business process and IT outsourcing, and cloud - based solutions. The firm employs 76,000 professional staff in 40 countries around the world, with an aim of providing both global and locally relevant services. The company currently generates revenues of $100 billion, and provides services to 80% of the Fortune Global 100.
Carlisle & Gallagher Consulting Group (CG) was founded in 2002, and provides management and technology consulting services for complex technology solutions for large financial services organisations, including more than half of the largest organisations in North America. The firm has more than 1,000 employees and had a yearly turnover of $103 million in 2014.
In line with its growth ambitions in North America, NTT DATA has acquired Carlisle & Gallagher Consulting Group, with financial terms and conditions not revealed. The aim of the acquisition is to use the synergies of both businesses to provide a full life-cycle offering to financial services clients on consulting issues. By bringing together the expertise in both businesses, NTT DATA will be better positioned to help clients deal with a fast changing business environment, set to be disrupted in coming years by technological innovation. The combined company’s new headquarters will move to Plano, Texas, US.
“NTT DATA has more than $4 billion in financial services industry revenue from clients around the world and it’s the largest segment of our global business,” says John McCain, CEO of NTT DATA, Inc. “CG supplements our portfolio with deep financial services industry expertise and consulting service s and adds blue - chip clients that include 7 of the 10 largest banks in North America. This strategic move positions NTT DATA as a full -service business partner with the scope and scale to help our clients achieve expected business results.”
“Today’s financial services companies are looking to grow revenue in a market with increasing regulatory demands and technology savvy customers. They need a partner that not only understands their industry but can also deliver technology - enabled business outcomes,” says Bob Gallagher, president and CEO of CG. “NTT DATA’s broad IT services portfolio and expertise, along with its innovation and global reach, will enable CG to fully support our client needs.”
This is not the first management consultancy that has been acquired by NTT DATA. The company for instance bought London-based Design and Technology Consultancy, RMA Consulting in 2012, a UK firm that specialized in software design and delivery across multiple channels. In 2013 the global IT-giant purchased among others Madrid-based everis and Optimal Solutions Integration, a provider of SAP services headquartered in Texas, US.