NTT DATA, a digital business and IT services leader, announced it has signed a definitive agreement to acquire Postlight LLC, a digital strategy, design, and engineering company based in New York City. Once the transaction closes, this acquisition will progress NTT DATA’s continued strategy to be the preferred digital innovation partner in the market.
“Joining NTT DATA expands Postlight’s capabilities and capacity to provide premium, end-to-end services that accelerate our clients’ most important digital initiatives”
“As part of our continued multi-year strategy to drive the next phase of digital transformation in the market, we are excited to announce our intent to acquire Postlight,” said Eric Clark, Chief Digital and Strategy Officer, NTT DATA Services. “NTT DATA is one of the world’s only full-stack companies with an unparalleled global presence and we continue to focus on bringing the best and brightest capabilities and talent to our clients.”
Latest ITechnology News: Apto Solutions Launches Real-Time Environmental Impact Reporting Tool
“Postlight’s mission to create great digital experiences that drive positive change matches NTT DATA’s vision as a trusted global innovator,” said Gina Trapani, Chief Executive Officer, Postlight. “We are delighted to join a top-tier technology powerhouse and together with NTT DATA, deliver beautiful, enterprise-scale digital solutions to our clients.”
“Joining NTT DATA expands Postlight’s capabilities and capacity to provide premium, end-to-end services that accelerate our clients’ most important digital initiatives,” said Chris LoSacco, President, Postlight. “With NTT DATA, Postlight is truly equipped to be a full-service partner to our clients and lead their digital transformation efforts all the way through from strategy and design to implementation and support.”
Postlight clients and employees will benefit from access to NTT DATA’s powerhouse of innovation resources including a $3.6 billion average annual R&D investment and a team of 5,000 research professionals worldwide.
Latest ITechnology News: Mapp Updates Its Insight-led Customer Experience Platform
“This acquisition is part of a deliberate plan to build differentiated digital engineering and design capabilities that help our clients rapidly deliver digital products into the marketplace,” said Wayne Busch, Group President, Consulting and Digital Transformation, NTT DATA Services. “Postlight’s focus on delivering the highest quality design strategy and advancing our creative design capabilities to clients across verticals including banking, finance, media and consumer, built to scale is second to none.”
Once the transaction is closed, Postlight will build on NTT DATA’s successful acquisitions, Nexient and Vectorform, by strengthening its digital application development and modernization capabilities, adding innovation and high-end design with a customer experience focus.
Pillsbury Winthrop Shaw Pittman LLP served as the legal counsel to NTT DATA and Clearsight Advisors served as the exclusive financial advisor to Postlight in connection with this transaction. The transaction is subject to customary closing conditions and is expected to close this month.
Latest ITechnology News: Lookout Acquires SaferPass to Address the Rising Threat of Identity Theft
[To share your insights with us, please write to sghosh@martechseries.com]
