NTDTY - NTT Data to acquire Umvel terms not disclosed
- NTT DATA ( OTCPK:NTDTY ) has signed a definitive agreement to acquire Umvel, which provides high-end design and digital product development services and brings a strong culture of talented and in-demand designers and engineers.
- Once the transaction is closed, Umvel will build on NTT DATA’s successful acquisitions in the digital design and engineering space including Nexient, Vectorform and Postlight.
- Umvel clients and employees will benefit from access to NTT DATA’s powerhouse of innovation resources, including a $3.6 billion average annual R&D investment and a team of 5,000 research professionals worldwide.
- The transaction is expected to close in the following weeks, terms remain undisclosed.
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NTT Data to acquire Umvel, terms not disclosed