Sale to NTT DATA Services ("NTT")
Baird serves as exclusive financial advisor to NETE on this transaction
AboutNET ESOLUTIONS CORPORATION (“NETE”) has agreed to be acquired by NTT DATA Services (“NTT”). The transaction is subject to various regulatory approvals and customary closing conditions.
NETE drives global advancements in health through technological innovation in digital services, application development, clinical/bioinformatics, advanced data analytics, cloud, and cybersecurity. With over two decades of experience, NETE has established a strong reputation for digital services across federal healthcare by combining deep subject matter expertise with superior solutions, which will serve as a foundation for additional opportunities in federal biomedical research and health IT support. NETE employees over 300 highly-qualified IT consulting resources with technical thought leadership in pioneering innovative technologies that contribute to global health advancements across a number of key United States Department of Health and Human Services (HHS) agencies, such as National Institutes of Health (NIH), Centers for Medicare and Medicaid Services (CMS), and Health Resources and Services Administration (HRSA). NETE is headquartered McLean, Virginia.
NTT’s acquisition of NETE illustrates the following themes in Government & Defense mergers and acquisitions: continued consolidation of mid-tier companies by larger strategic buyers; prioritization of companies delivering innovative IT modernization, Agile/DevOps, Cloud and Analytics solutions; strong interest in the growing Federal Health IT market.
NTT DATA Services is a division of NTT DATA Corporation, a top 10 global business and IT services provider with 120,000+ professionals in more than 50 countries, and NTT, a partner to more than 85 percent of the Fortune 100. NTT DATA Services partners with clients to navigate and simplify the modern complexities of business and technology, delivering the insights, solutions and outcomes that matter most. NTT delivers tangible business results by combining deep industry expertise with applied innovations in digital, cloud and automation across a comprehensive portfolio of consulting, application, infrastructure and business process services. NTT DATA Services is headquartered in Plano, Texas.
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- December 2019
- NET ESOLUTIONS CORPORATION ("NETE")
- Technology & Services
- Target Location
- North America
- Acquiror Location
- North America
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