Japan-based NTT DATA Corporation has acquired Business Formula (M) Sdn. Bhd., a Malaysia-based ERP consulting firm specializing in SAP software, for an undisclosed consideration.
NTT DATA Corporation is a leading IT solutions and service provider in system consultation and design. The company's subsidiaries provide a full range of IT services within the Asia-Pacific region and globaly. NTT DATA services include system consulting and design, development with specialization in web-based applications using Java and Microsoft.NET, and a regional support center. The company wanted to acquire SAP consulting service providers to expand their foothold in the Southeast Asian region.
Oaklins' team in Singapore advised the buyer on the financial structure of the transaction.
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