Keane, NTT Data to Merge

Keane, a Boston-based IT services firm, announced today that it has entered into a merger agreement with Japan-based NTT Data, in which its parent company Keane International will merge with Knight Subsidiary Corporation, a unit of NTT Data. Keane will become a wholly-owned subsidiary of NTT Data as a result of the merger.  “We are pleased with the transaction and the vital role that Keane will play in increasing NTT Data’s global footprint,” said Bob Khanna, Keane International board member and managing director of Citigroup Venture Capital International Technology Holdings, a majority owner of Keane International. Keane, which will remain in Boston, did not reveal the financial details of the transaction, though other media outlets have reported that NTT Data paid in the neighborhood of $1.2 billion for the firm. Japan-based NTT Data said the transaction will enable it to expand its U.S. footprint and acquire blue chip customers in the states.

Author: Erin Kutz

Erin Kutz has a background in covering business, politics and general news. She holds a bachelor’s degree in journalism from Boston University. Erin previously worked in the Boston bureau of Reuters, where she wrote articles on the investment management and mutual fund industries. While in college, she researched for USA Today reporter Jayne O’Donnell’s book, Gen Buy: How Tweens, Teens and Twenty-Somethings Are Revolutionizing Retail. She also spent a semester in Washington, DC, reporting Capitol Hill stories as a correspondent for two Connecticut newspapers and interning in the Money section of USA Today, where she assisted with coverage on the retail and small business beats. Erin got her first taste of reporting at Boston University’s independent student newspaper, as a city section reporter and fact checker and editor of the paper’s weekly business section.