NTT Data Services Acquires Health IT Consulting Firm
Global system integrator NTT Data Services has acquired Cognosante Consulting LLC, a division of Cognosante, a health information technology solutions and services provider for federal and state health agencies. Financial terms of the deal were not disclosed.
Cognosante Consulting provides IT strategy, planning, quality assurance and project management to state HHS agencies. The business unit has worked with 48 states and the federal government for nearly three decades.
Thanks to the deal, NTT Data Services gains more than 250 specialized consulting resources, as well as intellectual property currently supporting IT transformations, including those specific to Medicaid in more than 20 states, the company said.
Bob Pryor, CEO, NTT Data Services commented on the deal:
“The acquisition of Cognosante’s consulting practice immediately establishes us as a leader in a growing health and human services market and enhances the value we can deliver to our clients in the public sector and healthcare. This acquisition is the latest in our ongoing strategy of growth by strategic acquisitions that augment our specialized industry expertise and geographical presence.”
Jim Joyce, general manager of Cognosante’s consulting practice added:
“Cognosante Consulting has built an unmatched reputation supporting IT projects for state HHS departments and other state agencies. Combining our team with the resources and expertise of NTT DATA will enhance our ability to serve clients as they continue to modernize their IT systems to support business transformation. As states revamp their legacy systems and business models, there is significant opportunity for NTT DATA. We are excited to be part of their long-term strategy to support successful state IT implementations.”
Joyce will continue to lead the organization and serve as senior VP with NTT Data Services, the company confirmed.
The consulting practice will continue as part of NTT Data Services, focusing on client IT strategy, project management, quality assurance, and Independent Verification and Validation services, the company said.
NTT Data Background
NTT Data, founded in 1988, is a division of Nippon Telegraph & Telephone Corporation. The overall company has 188,000 employees across more than 50 countries. A sister organization, NTT Security, ranks among the world’s Top 100 MSSPs.
Nippon Telegraph & Telephone Corp. recently merged three of its subsidiaries — NTT Data, NTT Communications and Dimension Data — into a massive IT company that offered everything from IT consulting to cloud and communications. Combined revenues for the three units were $37.8 billion in 2017.