M&A Deal Summary

NTT DATA Acquires Aspirent

On October 13, 2022, NTT DATA acquired information technology company Aspirent from Summit Park

Acquisition Highlights
  • This is NTT DATA’s 14th transaction in the Information Technology sector.
  • This is NTT DATA’s 16th transaction in the United States.
  • This is NTT DATA’s 3rd transaction in Georgia.

M&A Deal Summary

Date 2022-10-13
Target Aspirent
Sector Information Technology
Buyer(s) NTT DATA
Sellers(s) Summit Park
Deal Type Add-on Acquisition
Advisor(s) Canaccord Genuity (Financial)

Target

Aspirent

Atlanta, Georgia, United States
Aspirent provides strategic consulting, cloud development, and project execution services related to data and analytics for blue-chip clients in the Atlanta market. Aspirent was founded in 2012 and is based in Atlanta, Georgia.

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Buyer(S) 1

Buyer

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 24 of 28
Sector (Information Technology) 14 of 18
Type (Add-on Acquisition) 22 of 25
State (Georgia) 3 of 3
Country (United States) 16 of 16
Year (2022) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-27 Umvel

Mexico City, Mexico

Umvel is a digital design and engineering firm, that provides high-end design and digital product development services and brings a strong culture of talented and in-demand designers and engineers. Umvel is based in Mexico City.

Buy -
FOLLOWING 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.

Buy -

Seller(S) 1

SELLER

Summit Park

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 245M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Summit Park Partners is a private investment firm that acquires lower middle-market companies. Summit Park looks for profitable, established businesses in consumer services, business services, value-added distribution, and light manufacturing. The Firm targets businesses with revenues of $20 to $150 million and EBITDA between $4 and $15 million. Prospective transaction types include recapitalizations, management buyouts, family successions, corporate divestitures, and industry consolidations. Summit's geographic preference is within the Southeast and Mid-Atlantic US. Summit Park was formed in 2005 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 8 of 12
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 3 of 5
State (Georgia) 2 of 2
Country (United States) 8 of 12
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-25 Curion

Chamblee, Georgia, United States

Curion is a data-driven platform with solutions to deliver product and consumer insights. The Company has oexperience working with research and development (R&D) and insights teams within to design and execute research. Curion is based in Chamblee, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-01 Smartours

New York, New York, United States

Smartours is a provider of travel experiences and great travel deals to travelers. Smartours offers travelers curated, pre-packaged itineraries to over 40 destinations across the globe. Smartours was founded in 1996 and is based in New York City.

Sell -