Equiteq is acting as the exclusive financial advisor to Niveus Solutions, a premier cloud engineering company, specializing in Google Cloud Platform (GCP) services, on its sale to NTT DATA, a global leader in digital business and IT services.
NTT Data has signed a definitive agreement to acquire Niveus Solutions, and the acquisition accelerates NTT DATA’s strategy to expand its cloud capabilities to meet the global demand for transformative cloud solutions across industries and solidifies the company as a leading global system integrator for Google Cloud. Once the transaction is closed, Niveus Solutions, an award-winning leader in Google Cloud services, will add 1,000 GCP engineering professionals with expertise in GCP native modernization, data engineering and AI to enhance NTT DATA’s Google Cloud Business Unit. The transaction is subject to customary closing conditions and is expected to close within the next 30-60 days.
Commenting on Equiteq’s role in the transaction, Suyog Shetty, CEO and Co-Founder, Niveus Solutions said: "The Equiteq team has been our 'true strategic M&A advisor' in every sense, essentially becoming an extension of our team. They have worked incredibly hard and were always by our side throughout the process. Their diligent efforts and attention to detail were instrumental in navigating through the twists and turns of the transaction, providing us with sound advice and guidance through every stage of the journey."
Arun Nayak, Managing Director and Karan Bhartiya, Director added: "Niveus has had a tremendous journey of growth to become a premier Google Cloud Partner in the region. The business complements NTT’s ambitions to expand capabilities of delivering cloud solutions globally very well. We thank the Niveus shareholders for giving Equiteq the opportunity to be a part of this deal."
Further details about the transaction can be accessed here.