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NTT DATA acquires a majority stake in The Revere Group, a ...

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November 14, 2005<br />

<strong>NTT</strong> <strong>DATA</strong> <strong>acquires</strong> a <strong>majority</strong> <strong>stake</strong> <strong>in</strong> <strong>The</strong> <strong>Revere</strong> <strong>Group</strong>, a<br />

Chicago-based company<br />

- Increas<strong>in</strong>g support for Japanese MNCs(*) -<br />

<strong>NTT</strong> <strong>DATA</strong> Corporation<br />

On November 11th (local time <strong>in</strong> Chicago, US), <strong>NTT</strong> <strong>DATA</strong> INTERNATIONAL L.L.C.<br />

("NDI"), a US hold<strong>in</strong>g company owned by <strong>NTT</strong> <strong>DATA</strong> Corporation ("<strong>NTT</strong> Data"),<br />

has signed contracts to acquire a 60% <strong>in</strong>terest <strong>in</strong> <strong>The</strong> <strong>Revere</strong> <strong>Group</strong>, Ltd.<br />

("<strong>Revere</strong>"), an IT consult<strong>in</strong>g and system <strong>in</strong>tegration company headquartered <strong>in</strong><br />

Chicago. <strong>NTT</strong> Data <strong>in</strong>tends to further its <strong>in</strong>tegration bus<strong>in</strong>esses with this newly<br />

acquired IT consult<strong>in</strong>g and system development resource by utiliz<strong>in</strong>g <strong>Revere</strong>'s<br />

skills <strong>in</strong> manufactur<strong>in</strong>g, f<strong>in</strong>ance, and healthcare verticals.<br />

To date, <strong>NTT</strong> Data has operated IT staf f <strong>in</strong>g, Web dev elopment, and data center<br />

bus<strong>in</strong>esses through its subsidiaries <strong>in</strong> the United States. In order to broaden its IT<br />

serv ice capabilities f or customers <strong>in</strong> North America, Europe, and other ov erseas<br />

markets, <strong>NTT</strong> Data has been try <strong>in</strong>g to <strong>in</strong>crease resources f or IT dev elopment and<br />

sales. One of the examples of that ef f ort is the alliance with Cap Gem<strong>in</strong>i announced <strong>in</strong><br />

July 2005, which enables <strong>NTT</strong> Data to support the global IT needs of its customers.<br />

Rev ere has signif icant experience <strong>in</strong> ERP-related projects, especially on the strategic<br />

consult<strong>in</strong>g side, and has been prov id<strong>in</strong>g serv ices to customers <strong>in</strong> a number of dif f erent<br />

<strong>in</strong>dustries. We at <strong>NTT</strong> Data believ e that Rev ere will not only enable us to prov ide total<br />

sy stem <strong>in</strong>tegration solutions to our customers <strong>in</strong> the United States, especially mid-size<br />

companies, but also help us to acquire new clients and to acquire large-size project<br />

opportunities when collaborat<strong>in</strong>g with Cap Gem<strong>in</strong>i and create sy nergy as a new member<br />

of the <strong>NTT</strong> Data <strong>Group</strong>.<br />

Future Plans<br />

Rev ere expects rev enue of $60 million <strong>in</strong> f iscal 2007. Coupled with this Rev ere's<br />

rev enue, <strong>NTT</strong> Data is look<strong>in</strong>g at $120 million <strong>in</strong> rev enue <strong>in</strong> North America <strong>in</strong> 2007.<br />

Rev ere will not change its company name af ter the acquisition and will accept directors<br />

and of f icers f rom <strong>NTT</strong> Data while some of its exist<strong>in</strong>g directors stay onboard.<br />

<strong>NTT</strong> Data aims to expand its bus<strong>in</strong>ess and <strong>in</strong>crease its brand equity <strong>in</strong> North America<br />

by structur<strong>in</strong>g solid bus<strong>in</strong>ess f oundations with more alliances and acquisitions. We at


<strong>NTT</strong> Data believ e that the acquisition of Rev ere is a big f irst step <strong>in</strong> our bus<strong>in</strong>ess<br />

expansion <strong>in</strong> the global marketplace. We <strong>in</strong>tend to deploy a similar approach <strong>in</strong> other<br />

areas, <strong>in</strong>clud<strong>in</strong>g Europe, Ch<strong>in</strong>a, and other Asian countries ripe f or global expansion.<br />

Mitsubishi UFJ Securities (USA), Inc. and its strategic alliance partner Knox & Co.<br />

together serv ed as exclusiv e f <strong>in</strong>ancial adv isor to <strong>NTT</strong> Data.<br />

Outl<strong>in</strong>es of the Companies<br />

<strong>Revere</strong><br />

(1) Trade Name <strong>The</strong> Rev ere <strong>Group</strong>, Limited<br />

(2) CEO Michael Parks<br />

(3) Headquarters 325 North LaSalle Street, Chicago, IL, USA<br />

(4) Foundation 1991<br />

(5) Ma<strong>in</strong> bus<strong>in</strong>ess IT consult<strong>in</strong>g and sy stem <strong>in</strong>tegration<br />

(6) Employ ees Approximately 330 (end of October 2005)<br />

(7) Strengths IT consult<strong>in</strong>g and ERP-related serv ices<br />

NDI<br />

(1) Trade Name <strong>NTT</strong> <strong>DATA</strong> INTERNATIONAL, L.L.C.<br />

(2) President Takashi Enomoto (Senior Vice President & Director, <strong>NTT</strong><br />

Data)<br />

(3) Headquarters 95 Christopher Columbus Driv e, Jersey City , NJ,USA<br />

(4) Foundation 2000<br />

(5) Ma<strong>in</strong> bus<strong>in</strong>ess Hold<strong>in</strong>g company of <strong>NTT</strong> Data subsidiaries <strong>in</strong> the US<br />

(6) Shareholders <strong>NTT</strong> Data (100%)<br />

* MNC: Mult<strong>in</strong>ational Companies-firms that operate bus<strong>in</strong>esses <strong>in</strong> several countries <strong>in</strong> the world.<br />

* Company names, solutions, and services mentioned <strong>in</strong> the article are trademarks of the respective<br />

companies.<br />

Appendix: <strong>NTT</strong> Data's U.S. Operations<br />

For more <strong>in</strong>formation, please contact:<br />

Public Relations Office<br />

<strong>NTT</strong> <strong>DATA</strong> Corporation<br />

TEL: +81 3 5546 8051<br />

News Releases.<br />

<strong>The</strong> serv ices, prices of products and serv ices, specif ications, telephone numbers,<br />

etc. f or <strong>in</strong>quiries and other <strong>in</strong>f ormation <strong>in</strong>cluded <strong>in</strong> news releases are the data<br />

av ailable on the day of the release. This <strong>in</strong>f ormation may be changed at any time<br />

without notice. In certa<strong>in</strong> circumstances, due to v arious risks or unexpected<br />

occurrences, actual results may also be dif f erent f rom the plans or projections <strong>in</strong><br />

news releases.

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