NTT announced on Monday it would be bringing together the capabilities of 28 companies, including NTT Communications, Dimension Data and NTT Security, in the new company which will employ about 40,000 people across 70+ countries and regions.
In July 2010, Dimension Data was acquired by NTT for £2.1 billion ($3.2 billion). In October that year, NTT announced that Dimension Data would be delisted from both the Johannesburg Stock Exchange and the London Stock Exchange by the end of the year. Over the next few years, Dimension Data continued acquiring and integrating businesses like OpSource, NextiraOne, and Oakton.
According to NTT, the new company already partners with more than 10,000 clients around the world “including the world’s leading organisations in financial services, pharmaceuticals, telecommunications, energy & utilities, manufacturing, automotive and technology sectors”.
NTT said by bringing together these companies, it was offering:
- Clients access to a more comprehensive range and greater depth of skills across multiple technologies and capabilities;
- Global technology and managed services that are world leading in scale and depth;
- Improved ability to deliver more in-depth industry solutions for clients;
- World-class managed services platforms with the ability to deliver local customisations to meet clients’ needs in each market; and
- Increased investment in innovation and R&D.
NTT Corporation president and chief executive Jun Sawada said, “I’m delighted to announce that we launched NTT Ltd. today. When we combine the new capabilities of NTT Ltd. along with NTT DATA, we create a top five global technology and business solutions provider with US$20 billion revenues outside of Japan.
“Going forward, we will accelerate our execution as one NTT in order to contribute to a smarter and better world through digital transformation.
“We are also excited to confirm that our global headquarters for NTT Ltd will be in London and that our commitment to the UK remains extremely strong.
We considered several locations as the headquarters for NTT Ltd and made a deliberate decision to choose London. It has many benefits, including a stable economy, wealth of skills and talent, diversity in population and thinking, strong infrastructure, schools and housing for global talent moving to the city. In short, it’s a great city to live and work in, and we’re excited that we are making it the home for our new business."
“Britain has a long standing and proud reputation as a global tech leader and it’s fantastic that NTT Ltd. has chosen London for its global headquarters,” said UK Prime Minister Theresa May.
“A key part of our modern industrial strategy is to put the UK at the forefront of the tech and data revolution, and they will join many other world-leading companies who call Britain home."