Plano, TX – June 8, 2015 – NTT DATA, Inc., a leading IT services provider, today announced it has signed a definitive agreement to acquire Carlisle & Gallagher Consulting Group (CG), a business and technology consulting firm that exclusively focuses on the financial services industry. Combining the two firms will strengthen their ability to provide a full set of lifecycle consulting and IT services that can address complex business issues and deliver strong business outcomes specifically for financial institutions in North America and around the world.
CG is a leading financial services consultancy with a unique blend of industry expertise in consumer and commercial banking, wealth management and capital markets as well as proven consulting experience that delivers results. This expertise, coupled with NTT DATA’s broad technology depth, innovation and global reach, provides clients with a business partner that can help them adapt to changing market dynamics and implement business-based technology solutions that can drive growth and cost efficiencies.
“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,” said 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.”
“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,” said John McCain, CEO of NTT DATA, Inc. “CG supplements our portfolio with deep financial services industry expertise and consulting services 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.”
The transaction is subject to customary closing conditions including regulatory approvals and is expected to close next quarter.
About NTT DATA
NTT DATA is a leading IT services provider and global innovation partner with 76,000 professionals based in over 40 countries. NTT DATA emphasizes long-term commitment and combines global reach and local intimacy to provide premier professional services, including consulting, application services, business process and IT outsourcing, and cloud-based solutions. We’re part of NTT Group, one of the world’s largest technology services companies, generating more than $100 billion in annual revenues, and partner to 80% of the Fortune Global 100.
Visit www.nttdata.com/americas to learn how our consultants, projects, managed services, and outsourcing engagements deliver value for a range of businesses and government agencies.
BofA Merrill Lynch is acting as financial advisor to NTT DATA on the transaction.
About Carlisle & Gallagher Consulting Group
Carlisle & Gallagher Consulting Group (CG), www.carlisleandgallagher.com, is the business and technology consulting firm that 7 of the 10 largest financial institutions in North America count on to help them solve their greatest challenges. We’ve earned the trust and ongoing partnership of these industry leaders because of our exclusive focus on the financial services industry, the unparalleled experience of our people, the exceptional customer service we provide and the definitive, repeatable results we consistently deliver.