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NTT DATA Services has announced its agreement to acquire Chainalytics, a leading supply chain consulting and analytics firm. This strategic move aims to enhance NTT DATA's consulting and digital transformation capabilities, particularly in supply chain management, addressing the current disruptions in the market. The acquisition is set to provide Chainalytics' clients with improved access to global R&D and investments in digital services. Expected to close in coming weeks, this acquisition aligns with NTT DATA's goal to support digital transformations and sustainability initiatives.
Positive
Acquisition of Chainalytics strengthens NTT DATA's supply chain consulting capabilities.
Enhanced access to global R&D for Chainalytics' clients.
Alignment with digital transformation and sustainability initiatives.
Negative
None.
PLANO, Texas--(BUSINESS WIRE)--
NTT DATA Services, a global digital business and IT services leader, today announced it has agreed to acquire Chainalytics, a supply chain consulting and analytics firm. Adding Chainalytics’ market-leading expertise to NTT DATA’s global consulting and digital transformation capabilities will strengthen and expand NTT DATA’s supply chain consulting capabilities to help serve enterprise clients more holistically.
“Nearly every industry has been impacted by supply chain disruption, magnifying the need to accelerate improvement opportunities in supply chain planning and execution,” said Dan Albright, Divisional President & Global Head of Consulting, NTT DATA Services. “Supply chain is a critical source of competitive advantage for our clients across industries. Together with Chainalytics, we will support clients’ digital transformations, improve their resilience and help advance their sustainability and net zero initiatives.”
The supply chain consulting and analytics market is experiencing rapid growth driven by accelerated business transformation from shifting to direct-to-customer business models, as well as the continual need for reducing carbon emissions, complexity and costs.
“By combining our capabilities, we will advance our purpose of being the leading partner for supporting data-driven supply chain transformation,” said Mike Kilgore, CEO of Chainalytics. “We’re excited to join the NTT DATA family where we share strongly aligned cultures and passion for innovation, which are the sources of our differentiation and value to our clients, while accessing a larger platform for growth.”
Chainalytics, named by Forbes as a “best management consulting firm,” offers end-to-end supply chain expertise that aligns a company’s supply chain to its corporate strategy to capture maximum value. The company supports supply chain transformation through strategic, tactical, and operational planning and across multiple domains (supply chain design, integrated demand and supply planning, transportation management, packaging optimization, supply chain operations, and managed analytics services).
Upon completion of the acquisition, Chainalytics will become part of a top six global IT services leader with vast resources. Its 200+ team members will be part of the NTT DATA consulting business, providing business and digital transformation services to clients around the globe. Its clients will benefit from access to global R&D and ongoing investments in digital transformation services
The transaction is subject to customary closing conditions and is expected to close in the coming weeks.
AboutChainalytics
Chainalytics accelerates fact-based transformation for supply chain leaders around the world. Providing world-class consulting and managed analytics services, our competencies are powered by an unrivaled passion for our core purpose: to help enterprises realize maximum value from their supply chains. Our top supply chain talent, enabled by proven, leading-edge digital assets – tools, methods, and content – deliver actionable insights and measurable outcomes to some of today’s largest and most complex supply chains. With talent spanning North America, Europe, and Asia-Pacific, we serve clients globally in a borderless fashion.
NTT DATA – a part of NTT Group – is a trusted global innovator of IT and business services headquartered in Tokyo. We help clients transform through consulting, industry solutions, business process services, digital & IT modernization and managed services. NTT DATA enables them, as well as society, to move confidently into the digital future. We are committed to our clients’ long-term success and combine global reach with local client attention to serve them in over 50 countries around the globe. Visit us at nttdata.com.
NTT DATA Services is a recognized leader in IT and business services including cloud, data and applications. A division of NTT DATA headquartered in Texas, the company leverages consulting and deep industry expertise to help clients accelerate and sustain value throughout their digital journeys. Visit nttdataservices.com or LinkedIn to learn more.
Forward-Looking Statements
This press release contains forward-looking statements concerning NTT DATA and its current expectations and projections about future events and trends affecting its business, including with respect to the acquisition of Chainalytics, the business impact of the acquisition of Chainalytics and the potential of growth related to digital and automated services. Forward-looking statements should not be read as guarantees of future performance or results, and they involve risks, uncertainties and assumptions. Although NTT DATA makes such statements based on assumptions that it believes to be reasonable, there can be no assurance that actual results will not differ materially from those expressed in the forward-looking statements.
