Virtualization Technology News and Information
NTT DATA Services to Acquire Hashmap to Advance Data-driven Analytics and AI Solutions

NTT DATA Services has entered an agreement to acquire Hashmap, adding deep technical expertise with modern data platforms to support analytics, artificial intelligence and machine learning. Together, the companies will help clients gain insights from their cloud data and accelerate digital enablement.

Hashmap is a Snowflake Premier Partner and has partnerships with Databricks and several other leading cloud, data and technology providers. These partnerships, together with NTT DATA's existing relationships with companies like Snowflake and Dataiku, will greatly expand its ability to accelerate clients' digital transformation journeys and establish a trusted data foundation to operationalize and scale AI.

"Data and analytics services are rapidly evolving as clients migrate to modern platforms and move quickly to make the most of their data in the cloud. Being at the forefront of this is a top priority for NTT DATA and we'll continue to invest in this space to help our clients stay ahead," said Eric Clark, Chief Digital Officer, NTT DATA Services. "That's why we're excited to add Hashmap to our family and bring an unparalleled level of expertise to help our clients understand and stay ahead of emerging trends and build a sustained competitive advantage."

NTT DATA continues to scale its cloud, data, analytics and AI solutions to help clients manage increasing amounts of data within the cloud and as part of broader transformation initiatives. In a recent study by NTT DATA, "The Big Pivot: From Data Islands to Data Insights," 79% of executives said they recognize the value of data but only 10% are very effective at using it to adopt new business models and enter new markets. Hashmap adds to other recent acquisitions completed by NTT DATA in the past 12 months to support clients' digital transformation efforts, including:

  • December 2019 acquisition of Flux7, an AWS partner that provides cloud implementation and migration, automation, and DevOps consulting services. Hashmap will help clients make the most efficient use of their data when moved to the cloud
  • October 2020 acquisition of Acorio, a ServiceNow Elite Partner that helps clients enable automated and intelligent digital workflows with ServiceNow. Hashmap also helps clients advance digital transformation with trusted data and cloud consultants

Hashmap was founded in 2012 and has experienced significant growth under the leadership of Preetpal Singh, Prasad Mulaokar and Kelly Kohlleffel. It is founder-led and headquartered in Atlanta, Georgia. Hashmap's strength in deep technical expertise across modern cloud data environments aligns with NTT DATA's strong digital capabilities in key verticals. Hashmap's clients span a range of industries, including financial services, healthcare, technology, and energy.

The acquisition is subject to customary closing conditions and is expected to close within the next 30 days.

Published Friday, December 11, 2020 10:04 AM by David Marshall
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