NTT merges 28 companies globally, relaunches in India
UK-headquartered global technology services provider NTT is merging 28 companies and brands in over 70 countries to fortify its global business strategies.
Dimension Data, NTT Communications, Netmagic Solutions, NTT Security and Arkadin along with 23 other companies will now be added under a new group company NTT Ltd, which is worth $11 billion, the company said in a statement on Tuesday.
NTT rejigs India operations
NTT is also relaunching its business in India as NTT Ltd. Kiran Bhagwanani will lead the operations as the chief executive officer and will report to NTT’s Asia Pacific head John Lombard.
"Over the past 8 years, our India business has grown at a fast rate of 18% CAGR while meeting its profit goals for 28 consecutive quarters, making it one of the fastest-growing and most profitable businesses of the Dimension Data brand. With this integration, our goals and capabilities increase multi-fold," Bhagwanani said.
NTT will invest at least $3.6 billion for research and innovation at the group level for the next five years, Bhagwanani said.
Netmagic Solutions, which is a wholly-owned subsidiary of NTT Communications, will become a part of the Global Data Center Services business owned by NTT.
Sharad Sanghi will head the operations as the chief executive officer in India and will report to senior executive vice president of information and communications technology (ICT) infrastructure services Masaaki Moribayashi, the company said in a statement.
“The creation of Global Data Center and Cloud Services division will strengthen our growth plans in the Indian sub-continent. With the growing demand of our high-density and hyperscale data centers in the industry, Netmagic aims to expand its footprint to more than double its current capacity over the next few years. We run our own managed cloud hosting service in India and have now expanded to offer a multi-cloud hybrid platform. We are one of the fastest-growing ICT companies over the past 5 years,” Sanghi said.
NTT Ltd was formally launched globally on July 1 and brought together 40,000 people from its different brands and companies. The company wants to partner with 10,000 clients around the world, including companies across financial services, pharmaceuticals, telecommunications, energy and utilities, manufacturing, automotive and technology sectors.
The merger or integration, as per the company, will also help its clients benefit from NTT’s innovation centre in Japan.
The company also claims that after the merger, NTT will become the 11th largest ICT provider in the world. In India, the company claims to service 2,500 customers and employs over 6,500 people.
Some of the other brands being integrated under NTT include CAPSiDE, Communications Lifecycle Management (CLM), DPA, DTSI Group, Emerio, e-shelter, Euricom, e2y, Global IP Network (GIN), Gyron, NTT Communications Cloud Infrastructure Services (NTT Com CIS), NTT Communications Managed Services, NTT Global Networks, NTT Indonesia Nexcenter (NTTI Nexcenter), Oakton, RagingWire, Secure-24, SQL Services, Symmetry, Training Partners, Transatel, Viiew and WhiteHat Security.