Investment Summary

NTT DATA Invests In Proven Tech

On June 11, 2024, NTT DATA invested in information technology company Proven Tech

Investment Highlights
  • This is NTT DATA’s 16th transaction in the Information Technology sector.
  • This is NTT DATA’s 1st transaction in India.

Investment Summary
Date 2024-06-11
Target Proven Tech
Sector Information Technology
Investor(s) NTT DATA
Deal Type Stake Purchase

Target

Proven Tech

Hyderabad, India
Proven Tech specializes in providing cutting-edge GenAI-driven Quality Management and Manufacturing solutions to the Pharma, Healthcare, and Food industries. Proven Tech was founded in 2020 and is based in Hyderabad, India.

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Investor(S) 1

Investor

NTT DATA

Tokyo, Japan
Category Company
Founded 1967
Sector Information Technology
Employees193,513
Revenue 4.37T JPY (2024)
DESCRIPTION

NTT DATA is a IT services provider and global innovation partner with 80,000 professionals based in over 40 countries. NTT DATA emphasizes long-term commitment and combines global reach and local intimacy to provide premier professional services, including consulting, application services, business process and IT outsourcing, and cloud-based solutions. NTT DATA was founded in 1967 and is based in Tokyo, Japan.

DEAL STATS #
Overall 26 of 26
Sector (Information Technology) 16 of 16
Type (Stake Purchase) 2 of 2
Country (India) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-07 Sapphire Systems

London, United Kingdom

Sapphire Systems is a provider of enterprise resource planning (ERP) and financial management solutions (FMS). Sapphire Systems was founded in 1993 and is based in London, England.

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