NTT DATA Intends to Acquire Data Analytics Firm Aspirent
NTT DATA, a digital business and IT services leader, announced it has signed a definitive agreement to acquire Aspirent, a leading data, analytics and advisory firm headquartered in Atlanta.
“As we help our clients navigate critical business challenges through the use of data, this acquisition expands and strengthens NTT DATA’s analytics and advisory capabilities,” said Wayne Busch, Group President, Consulting and Digital Transformation, NTT DATA Services. “Aspirent continues our targeted focus on becoming a trusted advisor for our clients following our acquisitions of Hashmap and Chainalytics.”
Aspirent will add over 230 data advisors and technologists to NTT DATA’s digital transformation services team and bolster its data engineering capabilities across key data partners such as Azure, AWS, Databricks, and Snowflake. This acquisition supports and accelerates NTT DATA’s strategy to be the preferred digital innovation partner for enterprises globally.
“As a purpose-built analytics consulting firm focused on solving complex data-driven business challenges, we have spent a decade helping our clients run towards change,” said Andrew Wells, CEO, Aspirent. “The opportunity to join NTT DATA will strengthen our ability to deliver the end-to-end global solutions our clients require and bring exciting new opportunities to our colleagues and communities.”
Aspirent clients and employees will benefit from access to NTT DATA’s powerhouse of innovation resources and broader digital transformation capabilities including a $3.6 billion average annual R&D investment. NTT DATA recently announced the launch of six innovation centers across the globe to focus on bringing advanced technologies to clients, with an Innovation Studio co-located in Plano, TX.
Pillsbury Winthrop Shaw Pittman LLP served as the legal counsel to NTT DATA, and Canaccord Genuity Petsky Prunier LLC served as the exclusive financial advisor to Aspirent and Summit Park, the majority shareholder of Aspirent, in connection with this transaction. The transaction is subject to customary closing conditions, including regulatory approval and is expected to close within the next 30 days.