 "NTT DATA announces intent to acquire cloud engg firm Niveus Solutions")
Digital business and IT services firm NTT DATA said on Wednesday that it has signed a definitive agreement to acquire Niveus Solutions, a Karnataka-based cloud engineering company specialising in Google Cloud Platform (GCP) services. The acquisition will accelerate NTT DATA’s strategy to expand its cloud capabilities to meet the global demand for cloud solutions across industries. It will also solidify the company as a leading global system integrator for Google Cloud.
The companies, however, didn’t reveal the value of the transaction, which is subject to customary closing conditions and is expected to close within the next 30-60 days.
Once the transaction is closed, Niveus Solutions will add 1,000 GCP engineering professionals with expertise in GCP native modernisation, data engineering, and AI to enhance NTT DATA’s Google Cloud Business Unit.
With deep knowledge across financial services, manufacturing, automotive, retail, and logistics, Niveus Solutions supports NTT DATA’s ability to deliver specialised industry cloud platform solutions. These enable rapid development of customised use cases. These added capabilities will enhance NTT DATA’s ability to address complex client challenges across industries. They will also help deliver scalable, industry-specific cloud solutions globally.
“The acquisition of Niveus Solutions will firmly position us as a leading Google Cloud powerhouse, propelling NTT DATA as one of the world’s largest system integrator partners for Google Cloud,” said Charlie Li, head of cloud and security services, NTT DATA Inc. “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.”
As an entity, NTT DATA has been big on acquisition to find synergies. Over the years, they have acquired over 90 companies worldwide. In June this year, it revealed the acquisition of a majority stake in ProvenTech Pvt Ltd, Hyderabad. ProvenTech is specialised in providing GenAI-driven quality management and manufacturing solutions to pharma, healthcare, and food industries. In October, the firm announced that an agreement for the acquisition of Aoop, a leading ServiceNow implementation company in Brazil, has been signed. Last year, the entity unveiled acquisition of Sapphire, a UK-headquartered provider of digital operations software and services.
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The acquisition of Niveus will build on NTT DATA’s recently expanded strategic partnership with Google Cloud, which is focused on co-innovating data analytics and GenAI solutions for enterprise clients. Through this alliance, NTT DATA and Google Cloud will deliver cloud-based data and AI solutions tailored for industry-specific needs.
“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 to expand the boundaries of cloud innovation,” said Suyog Shetty, CEO and co-founder of Niveus Solutions. “Today’s news accelerates our mission to harness our GCP talent pool globally, tapping into India’s thriving ecosystem of skilled professionals and enhancing our ability to deliver transformative services globally.”
Niveus Solutions is a boot-strapped cloud engineering services organisation founded by Shetty, Rashmi George, Roshan Bava, and Mohsin Khan in Karnataka. The seeds of Niveus were sown in 2013 when the four founders, who come with rich experience working with companies such as Infosys, Wipro, Cognizant, and Sapient, realised they shared a common dream of building a world-class cloud engineering services company. The immense talent pool available in nearby education hubs Udupi, Manipal, and Mangalore convinced the founders that their dream could turn into reality.
John Lombard, CEO (Asia Pacific), NTT DATA, said: “The Niveus Solutions acquisition significantly advances our Google Cloud partnership and expands our ability to meet the growing demand for AI-powered solutions that drive business growth.”
According to Gartner Inc., worldwide end-user spending on public cloud services in 2024 is forecast to total $679 billion and is projected to exceed $1 trillion in 2027. GenAI deployments across organisations will further fuel the demand.