NTT Data to acquire Canada’s Sierra Systems
NTT Data acquires Sierra Systems
Consulting and software development firm NTT Data is bolstering its presence in Canada with the pending acquisition of IT services and consulting firm Sierra Systems, reports Julie Muhn at Finovate.
Terms of the deal were undisclosed but Tokyo-based NTT Data anticipates the acquisition will offer it a “significant” presence in Canada. Sierra Systems, which was founded in 1966, also comes with brand reputation and client relationships in addition to new talent in areas such as Microsoft Dynamics, Oracle and ServiceNow.
Bob Pryor, CEO of NTT Data Services, highlights the strength of Sierra Systems’ client relationships, “many of which have spanned decades”. The acquisition will extend NTT Data’s North American delivery capabilities, he says. “Growth prospects are very strong in Canada, so this is an attractive market.”
Sierra Systems’ 700 Canada-based employees will join the NTT Data team. The transaction is expected to close later this year.
Founded in 1988, NTT Data went public in 1995. The company has 110,000+ employees across Japan, the Americas, EMEA, APAC, and China. Earlier this year, the company acquired DevOps firms MagenTys to complement its existing digital transformation capabilities.
