With the local economy flourishing despite the toxic political climate, Japanese telecom behemoth NTT Group is placing a huge bet on the Philippines as it announced recently its acquisition of a local tech group which will now become NTT Data Philippines.
Top Japanese officials from NTT Data Asia Pacific, led chairman Ryoji Fukaya and CEO Tetsu Sato, flew into the country to announce the formal acquisition of local tech firm Wizardsgroup Inc. and its renaming to NTT Data Philippines.
The local office will be led by Filipino executive Pocholo Reyes, who has been named president and CEO. Reyes and his Japanese principals did not divulge the amount shelled out by NTT Data for its acquisition of the Wizardsgroup.
The Japanese firm first established its presence in 2013 when it put up a representative office for look for potential partners. Last year, it set up NTT Data Business Solutions Philippines to its SAP solutions business in the country.
Reyes, who was also part of the Wizardsgroup, said their new company would try to collaborate with other NTT-affiliated firms in the country. The NTT Group, the mother company of NTT Data Philippines, has substantial stake at telco behemoth PLDT and tech solutions provider Dimension Data, while owning majority shares at call center systems integrator DTSI.
In a presentation, Reyes said the entry of NTT Data in the local ICT market will allow its clients to have access to its expanded capabilities and industry offerings as well as get benefits of NTT Data?s global geographical presence.
Apart from its expertise in SAP solutions during its previous reincarnation as NTT Data Business Solutions Philippines, the new Japanese ICT subsidiary is also expected to carry over the strong presence of the Wizardsgroup in IT consulting and learning solutions for Oracle and Microsoft technologies.
Reyes said the NTT Data Philippines is currently in the process of expanding its local headcount to meet the aggressive 20-percent growth target that the regional office has set for 2016.
NTT Data had global revenues of $13.47 billion in 2015, with over 80,000 employees working in more than 40 countries all over the world. Its ICT services span applications, infrastructure, network, cloud, and industry solutions.