25th Anniversary Blog Series: itelligence Becomes Part of NTT Data Group (2008)

In January 2008, pursuant to the offer document published by NTT DATA Europe in November 2007, shareholder acceptances representing about 87 percent of itelligence AG’s outstanding share capital were secured.  In total, 72 percent of itelligence shares were tendered during the initial acceptance period, which ended on December 13, 2007. An additional 15 percent of itelligence shares, including a stake of approximately 13 percent held by Nobel SA, the second largest shareholder of itelligence AG, were tendered during the additional acceptance period, which ended at midnight on January 2, 2008.
The transaction was part of NTT DATA’s expansion of its global IT service capabilities. The leadership of itelligence in the SAP environment and its strong market position in the midmarket were of great value for the Japanese IT company.  As a result, itelligence gained access to NTT DATA’s multinational clients and to the Asian region.  Today, itelligence is the centerpiece of NTT DATA’s global SAP Solutions focus, which includes more than 8,000 professionals.

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