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Tuesday, March 29, 2016

NTT Data Buys Dell Services For US$3 Billion

When people start throwing around billions of US dollars, we're talking some serious moolah!

Dell Inc. is selling its Dell Services information technology unit to NTT Data Inc. for just over $3-billion (U.S.) as part of its ongoing reorganization plan.

NTT Data is a Japanese system integration company and a subsidiary of Nippon Telegraph and Telephone—it
focuses on information technology in the medical field, including medical records and billing.

Dell had purchased the business for US$3.9 billion in 2009 (it took a loss!) when it was Perot Systems, founded by billionaire and one-time presidential candidate Ross Perot (I voted for him at least six times, because, as a Canadian, I thought he had the best ears).

Don't cry for Dell - it needed the money - but not because it was hurting... rather because it is trying to purchase data storage provider EMC for US$67-billion in a deal expected to close in February of 2017.

Kanpai,
Andrew Joseph

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