NTT Corp. has launched NTT Ltd., a global technology services provider that brings together the capabilities of 28 companies, including NTT Communications, Dimension Data, and NTT Security into a single, $11-billion business.
The new NTT company has its headquarters in London and employs around 40,000 people in offices across more than 70 countries and regions.
“When we combine the new capabilities of NTT Ltd. along with NTT DATA, we create a top five global technology and business solutions provider with $20 billion revenues outside of Japan,” NTT Corp. president and CEO Jun Sawada said. “Going forward, we will accelerate our execution as one NTT in order to contribute to a smarter and better world through digital transformation.”
Sawada said NTT chose London for its stable economy, wealth of skills and talent, diversity in population and thinking, strong infrastructure, schools, and housing for global talent moving to the city.
The new company already partners with over 10,000 clients around the world, including organisations in financial services, pharmaceuticals, telecommunications, energy and utilities, manufacturing, automotive and technology sectors.
Companies already benefitting from NTT’s intelligent technology solutions to deliver on the promise of a connected future include Tour de France, ALMA, City of Las Vegas, Connected Conservation, ISPPC, Alcatel and NXP.
“Along with creating a very strong technology and managed services provider in NTT Ltd., we have also increased our commitment to investing more in R&D, new technology startups through our venture capital fund, and developing our own disruptive innovation business team,” said Tsunehisa Okuno, chairman for NTT Ltd. and EVP for NTT Corp.
“We see the opportunity to help our clients and communities more effectively when we bring all of these capabilities together,” Okuno said.