NTT DATA to acquire Carlisle and Gallagher Consulting Group

NTT DATA has announced that it has signed a definitive agreement to acquire Carlisle and Gallagher Consulting Group (CG), a business and technology consulting firm that exclusively focusses on the financial services industry. Combining the two firms will strengthen their ability to provide a full set of lifecycle consulting and IT services that can address complex business issues and deliver strong business outcomes specifically for financial institutions in North America and around the world.

The partnership will provide clients with a business partner that can help them adapt to changing market dynamics and implement business-based technology solutions that can drive growth and cost efficiencies.

NTT DATA signs agreement to acquire Carlisle and Gallagher Consulting Group“Today’s financial services companies are looking to grow revenue in a market with increasing regulatory demands and tech-savvy customers. They need a partner that not only understands their industry and but can also deliver technology-enabled business outcomes. NTT DATA’s broad IT services portfolio and expertise, along with its innovation and global reach, will enable CG to fully support our client needs,” said Bob Gallagher, president and CEO, CG.

John McCain, CEO of NTT DATA, said, “CG supplements our portfolio with deep financial services industry expertise and consulting services and adds blue-chip clients that include 7 of the 10 largest banks in North America. This strategic move positions NTT DATA as a full-service business partner with the scope and scale to help our clients achieve expected business results.”

The transaction is subject to customary closing conditions, including regulatory approvals and is expected to close next quarter.