Business and IT services provider NTT DATA is broadening its offerings and leveraging its expertise with the announcement of NTT DATA Consulting, which aims to help clients with business-driven transformation initiatives and to take their digital strategies to the next level.
The firm will initially be laser-focused on FSI, offering clients “a distinctive, industry-centric” approach to solving companies’ biggest and most complex challenges, bringing to bear the knowledge of its consultants with the experience of its global technology and BPO specialists to offer its clients a wide range of end-to-end solutions.
After acquiring Carlisle & Gallagher Consulting Group, last year (a mainstay on Consulting’s ‘Best Firms to Work For’ list), it was probably only a matter of time before an announcement like this was to come from NTT DATA. The Plano, Texas-headquartered firm says it plans to staff up initially with more than 1,000 consultants in North America, with an average of 15 years experience, either in consulting, in financial services and insurance (FSI), or both.
“Clients gain added value from NTT DATA Consulting’s depth of industry and consulting expertise combined with NTT DATA’s rich technology and global capabilities in FSI,” Jim Milde, president, NTT DATA Financial Services and Insurance said in a news release. “They can now partner with one single provider to solve complex problems and launch strategic initiatives that cut across business, technology and ongoing operations.”
NTT DATA currently works with 25 of the leading U.S. financial institutions and provides consulting solutions for all lines of financial business including retail and wholesale banking, wealth management, capital markets and insurance.
Tom Mataconis, Senior VP, CG, who will be leading NTT Data Consulting, said the new offering will represent a singular player in the FSI consulting industry.
“When NTT approached Carlisle & Gallagher it really was a discussion more around combining the companies in a strategic way to build out a capability, a workforce and a set of offerings that can address financial services in a manner we currently see missing in the marketplace,” he says.
“Our clients need people that are solving technology issues with business acumen, and they’re needing business consultants that have the technology capability to help them realize their various roadmaps and strategies. What we’re bringing to market is a financial services specific business consulting combined with NTT’s consulting and delivery capabilities that will serve the financial services market.”