According to NTT DATA, Nexient will add user-centric full stack product development capabilities to its application development & modernization practice as well as improve its ability to offer digital transformation services to clients, including digital product strategy, product design and development, and platform transformation.
“Application Development and Modernization is a critical and fast-growing piece of the digital transformation value chain. With Nexient’s agile, product-minded development disciplines, we’re better equipped to help our clients quickly take advantage of digital innovations,” said Eric Clark, Chief Digital & Strategy Officer of NTT DATA Services.
“NTT DATA is investing to grow our business and our digital expertise through hiring, training and R&D, as well as targeted acquisitions of best-in-class, digital companies. Nexient is the next step in this strategy and a great addition to our team.”
As announced, Nexient is expected to bring product mindset and agile software development talent to NTT DATA’s clients. NTT DATA claims that Nexient’s U.S.-based delivery complements its global delivery strategy in a way that ensures clients have easy access to delivery-center based, agile product teams in NTT DATA Services’ largest market.
“Nexient’s product-minded agile development approach has earned our clients’ trust to solve their complex business problems. Building on our commitment to operate within our core values, leadership competencies, and team-based approach, we are excited to join NTT DATA and expand the scope and value of the services we deliver to our clients,” said Mark Orttung, CEO of Nexient.
For this transaction that is expected to close by June 2021, White & Case LLP is serving as legal counsel to NTT DATA while Stubbs, Alderton & Markiles, LLP is serving as legal counsel to Nexient and RBC Capital Markets is serving as financial advisor to Nexient.