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New Deal


Announced

NTT DATA to acquire Flux7.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

Majority

United States

cloud-native application

Acquisition

Single Bidder

Pending

Software

Private

Synopsis

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NTT DATA, a provider of global technology services, agreed to acquire Flux7, an Amazon Web Services premier consulting partner, that provides cloud implementation and migration, automation, and DevOps consulting services for enterprises with significant experience in the financial services, pharmaceuticals, software, manufacturing and retail industries. Financial terms were not disclosed. With the acquisition of Flux7, NTT DATA will strengthen its ability to refactor and replatform applications, while enhancing its modern development practices, such as microservices and serverless application architecture. “This opportunity will allow Flux7 and our clients to take advantage of NTT DATA’s expanded portfolio and resources, as well as the depth and expertise of a top 10 global IT services provider. Access to NTT’s global R&D, applications, infrastructure, and investments in digital transformation and innovation will also enable us to leverage complementary resources that accelerate modernization initiatives for our clients and bring improvements to our employee culture,” Aater Suleman, Flux7 Co-Founder and CEO.

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