NTT Communications Corporation
NTT DATA to Sell itelligence Stake to NTT Com
TOKYO, JAPAN --- NTT DATA Corporation and NTT Communications Corporation (NTT Com) today announced the signing of an agreement on January 28 under which NTT DATA EUROPE GmbH & Co. KG, a wholly owned subsidiary of NTT DATA, will sell to NTT Com 2,459,523 shares of its total 20,974,169 common shares in itelligence AG, a leading German-based full-service provider of international SAP solutions, for 15 million euros (about 2.4 billion yen; 1 euros = 160 yen.)
The purpose of the agreement is to create a stronger organizational structure that will enable NTT DATA, NTT Com and itelligence to jointly strengthen ICT solutions capabilities for global customers, particularly European companies. The companies intend to offer one-stop seamless services, with NTT Com providing ICT services, such as global networks, data centers and hosting, and itelligence providing SAP application services.
The sale, to be finalized in the beginning of February, will leave NTT DATA Europe with 18,514,646 shares of itelligence's common stock.
For further information about itelligence please refer to the attachment.
About NTT DATA Corporation
NTT DATA Corporation is a quoted subsidiary of Nippon Telegraph and Telephone Corporation. It offers a broad range of IT services including consulting, systems integration and IT outsourcing. NTT DATA posted total revenues of approx. JPY 1 trillion (Euro 7.0 billion) for the year ended March 31, 2007, and has more than 22,600 employees. Since 2005, NTT DATA has taken various steps to develop the international business, including the acquisition of the Revere Group in the US and the Shenzen East Net Co., Ltd. in China. For more information visit the NTT DATA website: http://www.nttdata.com.
About NTT Com
NTT Communications Corporation (NTT Com) provides information and communications technology (ICT) solutions worldwide with dedicated professionals stationed in 21 countries. Renowned as an IPv6 technology pioneer and managed service expert, NTT Com offers diverse high-quality IP, Web-based, and managed network solutions combining network management, security, ubiquitous, Web portals/engines, and global services. Its world-class Tier 1 Internet backbone and secure closed networks with over 98,000 MPLS ports, combined with the networks of partner companies around the world, connect more than 200 countries. The company earned non-consolidated revenues exceeding one trillion yen (about US$10 billion) in fiscal 2006 ended March 31, 2007. NTT Com started as a long-distance phone company in 1999 after the reorganization of the NTT Group, and is the wholly-owned subsidiary of NTT, one of the world's largest telecommunications companies. NTT is listed in Japan, London and New York stock exchanges. Please visit www.ntt.com.
Attachment
itelligence AG is a leading international full-service provider for solutions in the SAP environment. The company offers its customers a tailored solution and service portfolio for the entire lifecycle of an IT investment. The company employs some 1,200 highly qualified people in 15 countries. In 2006, itelligence generated total sales of Euro 163.8 million. For more information visit the itelligence website: http://www.itelligence.de.
Outline| Official Name | itelligence, Inc. |
| Business | Consulting, system integration, software development, licensing and outsourcing |
| Establishment | 2000 |
| Head Office | Königsbreede 1, 33605 Bielefeld, Germany |
| Representative | Herbert Vogel, Chief Executive Officer |
| Stock | 23,995,206 share (December 31, 2007) |
| Listing | Frankfurt Stock Exchange |
| Employees | 1,100 (December 31, 2007) |
| Fiscal 2005 (Ended December) |
Fiscal 2006 (Ended December) |
|
| Sales | 139, 096,000 | 163,770,000 |
| EBITDA | 9,063,000 | 11,210,000 |
| Net profits | 4,115,000 | 5,531,000 |
| Total assets | 71,597,000 | 84,314,000 |
| Net assets | 26,565,000 | 31,568,000 |
NTT Communications
For more information, please contact.NTT DATA Corporation
Tel. +81 3 5546-8051