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M&A Deal Summary

NTT DATA Acquires Sierra Systems Group

On October 29, 2018, NTT DATA acquired information technology company Sierra Systems Group from Golden Gate Capital

Acquisition Highlights
  • This is NTT DATA’s 7th transaction in the Information Technology sector.
  • This is NTT DATA’s 1st transaction in the United Kingdom.
  • This is NTT DATA’s 1st transaction in British Columbia.

M&A Deal Summary
Date 2018-10-29
Target Sierra Systems Group
Sector Information Technology
Buyer(s) NTT DATA
Sellers(s) Golden Gate Capital
Deal Type Add-on Acquisition
Advisor(s) TM Capital (Financial)

Target

Sierra Systems Group

Vancouver, British Columbia, United Kingdom
Sierra Systems Group, Inc. is a Canadian IT services and management consulting firm offering a full range of advisory, systems development and integration, and application managed services. With approximately 700 professionals across Canada, Sierra Systems has developed deep expertise in its targeted industries and has earned a reputation for delivering superior solutions that strengthen organizations’ operational performance. Headquartered in Vancouver, British Columbia and founded in 1966.

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Buyer(S) 1

Buyer

NTT DATA

Tokyo, Japan
Category Company
Founded 1967
Sector Information Technology
Employees197,777
Revenue 4.64T JPY (2025)
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 11 of 30
Sector: Information Technology M&A 7 of 20
Type: Add-on Acquisition M&A Deals 10 of 28
State: British Columbia M&A 1 of 1
Country: United Kingdom M&A 1 of 3
Year: 2018 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-25 gen-ius

Bielefeld, Germany

gen-ius GmbH is a SAP consulting company. gen-ius has the solutions to make efficient use of the latest SAP technologies in medium-sized enterprises and customize SAP deployments within large enterprises. gen-ius GmbH was founded in 2000 and is based in Bielefeld, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-03 Flux7

Austin, Texas, United States

Flux7 is an IT services firm that improves business agility through IT delivery optimization and cloud-native application migration and modernization. Flux7 is based in Austin, Texas.

Buy -

Seller(S) 1

SELLER

Golden Gate Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 19.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Golden Gate Capital is a large private equity firm focused on buyout and growth equity investments across a wide variety of industries. The Firm partners with management teams to make equity investments in situations where there is a demonstrable opportunity to significantly enhance a company's value. Sectors of interest include software and IT services, semiconductors, electronics, consumer products and retail, financial services, business services, and media. Prospective transaction types include public-to-privates, corporate extractions, bankruptcy auctions, and recapitalizations. Golden Gate Capital was formed in 2000 and is based in San Francisco, California.

DEAL STATS #
Overall 60 of 86
Sector: Information Technology M&A 5 of 7
Type: Add-on Acquisition M&A Deals 29 of 39
State: British Columbia M&A 1 of 1
Country: United Kingdom M&A 2 of 2
Year: 2018 M&A 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-07 Aperio Group

Sausalito, California, United States

Aperio Group LLC designs and manages highly customized public equity portfolio solutions in separately managed accounts to meet the specific goals of advisors and their clients, specializing in three practice areas: Active Tax Management, Factor Tilts, and Socially Responsive Indexing/ESG. Through advanced processes, investor-focused portfolio construction research, and sophisticated technology, Aperio offers a level of customization unmatched in the industry. Aperio Group LLC was founded in 1999 and based in Sausalito, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-05 Vector Solutions

Tampa, Florida, United States

Vector Solutions is a provider of SaaS-based compliance and safety-focused eLearning and performance optimization solutions serving three end-markets: Public Sector, Education, and Commercial. Vector’s solutions are underpinned by the company’s library of proprietary content (over 7,500 courses with over 30,000 associated accreditations) which is delivered through a SaaS-based software platform to address customers’ mission critical compliance, safety, and regulatory needs. Vector Solutions was founded in 1999 and is based in Tampa, Florida.

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