Japanese IT services juggernaut NTT DATA is acquiring US-based Intelligroup for approximately $199 million in cash, followed by a second-step merger to acquire all remaining shares at the same price paid in the tender offer.
NTT DATA, through subsidiary Mobius Subsidiary Corporation, will make an offer to purchase all outstanding shares of Intelligroup common stock for $4.65 per share, a 21.1%… → Read More
Tokyo-based NTT Data developed a manufacturing process to prolong the life span and reduce the weight of lead-acid batteries. The company said it will make use of its new technology in uninterruptible power supplies and possibly in automotive applications. Production of conventional batteries requires high quantities of lead to retain capacity because lead particles bind together over repeated… → Read More
Hitachi, security solutions provider Gemalto, NTT Data and Japan’s No. 3 mobile phone carrier SoftBank joined forces in the development of the so-called smart poster system [JP], which makes it possible to transmit information to cell phone users from movie posters. The system is currently being tested in Chiba (east of Tokyo) and uses Near Field Communication (NFC) as the underlying… → Read More