NTT DATA agrees to buy digital design firm Umvel; Wayne Busch quoted

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Consulting and IT company NTT DATA entered into a formal agreement to acquire a digital design and engineering organization Umvel.

The transaction is expected to close in the coming weeks and is likely to typical closing conditionsthe Tokyo, Japan-based company said on Tuesday.

wayne buschChairman of NTT DATA Services’ Digital Transformation and Consulting Group, described Umvel’s added value as enhancing the former’s digital engineering capabilities as well as its strategies for taking project proposals from concept to execution.

Busch also said the purchase was part of a desire to provide NTT DATA’s customers with top-notch digital services.

Upon completion of the acquisition, Umvel’s more than 140 employees will begin working under the NTT DATA umbrella. Its team of designers and engineers currently based in Mexico City specializes in high-end design and development of digital products.

NTT DATA’s average annual funds of $3.6 billion for research and development will be open to Umvel customers and team members once ownership is locked, as will its network of 5,000 international researchers , as well as the company’s six innovation facilities and Plano, Texas Innovation Studio, which focuses on the development of complex technologies.

“Joining the NTT DATA family of companies is recognition of the excellence in digital product development that we have sought since our inception,” said Umvel CEO Jaime Reixach Arias, while Chief Strategy Officer ‘Umvel, Frank van de Ven, predicted that together they will help customers “to excel in the digital economy”.

With this latest purchase, NTT DATA’s portfolio of digital design strengths continues to grow. It previously acquired Nexient and Postlight.

In March, the company announced its intention to purchase the Detroit, Michigan-based company. digital transformation specialists Vector shape.

These additions to the portfolio will help the company better deliver on assignments such as the September contract award from the Federal Communications Commission to deliver application support services. This work will be mainly carried out by their subsidiary Net ESolutions.

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