NTT DATA, the global leader in digital business and IT services, has made headlines with its recent announcement to acquire Niveus Solutions, a cloud engineering company renowned for its specialization in Google Cloud Platform (GCP) services. This strategic move is aimed at bolstering NTT DATA's capabilities as it seeks to expand its offerings within the rapidly growing cloud solutions market.
The acquisition, formalized on November 27, will see Niveus Solutions bring onboard roughly 1,000 engineering professionals who are experts in areas such as GCP native modernization, data engineering, and artificial intelligence (AI). This significant addition aims to reinforce NTT DATA's Google Cloud Business Unit, which is becoming increasingly relevant amid rising demand for transformative cloud solutions across various industries.
Charlie Li, Head of Cloud and Security Services at NTT DATA, emphasized the potential of this acquisition, stating, "With Niveus Solutions, we are set to redefine possibilities in the AI-driven cloud era, enabling clients to accelerate digital transformations and achieve meaningful business outcomes across industries and geographies." This sentiment reflects NTT DATA's commitment to growing its cloud capabilities to meet client needs and tackle complex challenges across sectors.
NTT DATA's partnership with Google Cloud has recently gained traction, underlining the significance of cloud solutions and their applicability across diverse industries. By integrating Niveus Solutions' expertise, NTT DATA aims to deliver more customized and scalable industry-specific solutions to clients, allowing for quicker response times and more effective solutions for business challenges.
Niveus Solutions has already made its mark with accolades such as being recognized as the 2024 Google Cloud 'Breakthrough Partner of the Year - Asia Pacific' and 'India Partner of the Year'. This recognition highlights the company's proven track record, which NTT DATA will leverage to extend its services globally.
The combination of resources from both companies stands to yield enhanced capabilities, particularly for industries like financial services, manufacturing, automotive, retail, and logistics. The acquisition is poised to create specialized industry cloud platform solutions, facilitating rapid development of tailor-made use cases and addressing customer challenges effectively.
NTT DATA's strategy involves co-innovative efforts with Google Cloud to cater to enterprise clients by offering cloud-based data and AI solutions. The partnership is built on the premise of integrating proven industry practices and innovative approaches to cloud services, which will not only deter competitors but also respond to the growing demand for cloud modernization and AI knowledge.
According to Gartner, global spending on public cloud services is projected to reach approximately $679 billion by 2024 and is expected to surpass $1 trillion by 2027. This escalated interest highlights why organizations are increasingly adopting GenAI applications as part of their modernization journeys.
John Lombard, CEO of NTT DATA for the APAC region, pointed out the importance of the acquisition, stating, "The Niveus Solutions acquisition significantly advances our Google Cloud partnership and expands our ability to meet the growing demand for AI-powered solutions. We are strategically positioned to capitalize on this significant growth opportunity across APAC and beyond."
For Niveus Solutions, the integration with NTT DATA presents exciting growth prospects, especially as it taps his expertise within India, which has emerged as a vibrant hub of skilled cloud professionals. Suyog Shetty, CEO and co-founder of Niveus, expressed enthusiasm about the merger, stating, "Our team's dedication to advancing digital transformation on Google Cloud, combined with NTT DATA's extensive reach and capabilities, strongly positions us to bring modern cloud solutions to new markets and expand the boundaries of cloud innovation." This embrace of innovation outlines how this acquisition could position both NTT DATA and Niveus at the forefront of cloud technology and services.
Overall, the transaction is subject to customary closing conditions and is expected to conclude within the next 30 to 60 days. With this strategic acquisition, NTT DATA not only consolidates its market position but signals its ambition to be recognized as one of the leading global integrators of Google Cloud solutions. The future of cloud services appears bright, and both companies are poised to thrive within this rapidly changing technological environment.
