NTT may sell its 70% stake in global consulting and IT services firm Nihilent for more than $300 million, Bloomberg reported.
However, NTT may decide to keep the assets if a buyer and the relevant asking price cannot be found, Bloomberg indicated.
NTT Asset Sales, Mergers and Acquisitions
The potential asset sale comes as NTT restructures its overall business while acquiring and shedding key assets. Among the biggest moves:
About Nihilent: IT Consulting Business Focus
Nihilent, founded in 2020, has 1,677 employees listed on LinkedIn. The IT consulting company is based in Pune, India with offices in Australia, India, South Africa, United Kingdom, United States and Sweden.
Nihilent’s core areas of expertise include Advanced Analytics, Big Data, Artificial Intelligence, Blockchain, Business Intelligence, Data Science, Cloud Services, IoT, and Machine Learning. The company offers IT consulting and support services in vertical markets such as banking, financial services, insurance, retail, manufacturing, media and entertainment, and healthcare.
Nihilent’s key partners include:
- Data, application and automation software companies such as Informatica, ServiceNow, Snowflake, UiPath.
- Hyperscale cloud providers such as Amazon Web Services, Microsoft and Google Cloud Platform.
Nihilent has its own M&A experience. The company acquired branding expert Hypercollective in 2020 and ICRA Techno Analytics in 2016.