NTT Data Announces Acquisition Of Dell Services To Strengthen Its Competitive Positioning

, better known as NTT Data,

on Monday it has reached an agreement with Dell to acquire Dell Services, an IT services provider that focuses on infrastructure services, cloud services, application services, and business process outsourcing. NTT Data stated that the acquisition will "significantly" increase its North American presence and expand its global delivery network while also bolstering its infrastructure services capabilities.

noted that the price tag on the deal is just north of $3 billion and Dell may use the proceeds to partially fund its pending acquisition of EMC Corp. "There are few acquisition targets in our market that provide this type of unique opportunity to increase our competitiveness and the depth of our market offerings," said John McCain, CEO of NTT Data in the company's press release. "Dell Services is a very well-run business and we believe its employee base, long-standing client relationships, and the mix of long term and project-based work will enhance our portfolio. We are confident this transaction will be positive for clients, employees, and shareholders, and will advance our collective vision to be an innovative partner for our clients."