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NTT DATA acquires majority stake in ProvenTech

Press releases may be edited for formatting or style | June 17, 2024 Business Affairs
BIELEFELD, Germany and HYDERABAD, India, June 11, 2024 /PRNewswire/ -- NTT DATA Business Solutions AG, a company of NTT DATA and a leading global IT service provider focused on the mid-market and SAP, announces the acquisition of a majority stake in ProvenTech Pvt Ltd, Hyderabad, Telangana, India. ProvenTech is specialized in providing cutting-edge GenAI-driven Quality Management and Manufacturing solutions to Pharma, Healthcare and Food industry, leveraging its own products, SAP© S/4HANA and other enterprise software. Founded in 2020, the company offers a unique and comprehensive portfolio including its own SaaS solutions, automation, integration and advisory services to meet the diverse needs of the pharmaceutical industry. ProvenTech is dedicated to transforming shopfloor processes with advanced technologies such as SAP BTP and DataSphere, enabling companies to quickly capture and leverage new opportunities and innovations.

NTT DATA Business Solutions Private Limited, the Indian subsidiary, and ProvenTech have been collaborating for the past couple of years. By combining ProvenTech's specialized capabilities with NTT DATA's global presence, the acquisition will expand the market reach and innovation of both companies in the Life Sciences sector.

"Together with ProvenTech, we can play a leading role in the pharmaceutical industry. They have industry-specific niche skills, advanced technical expertise and an innovative product portfolio," says Norbert Rotter, CEO of NTT DATA Business Solutions and EVP NTT DATA, Inc. "With this acquisition, we are accelerating our growth ambitions in India. At the same time, it is in line with our strategy to continue to expand successfully in our focus industry Pharma/Life Science. I am confident that ProvenTech's deep expertise and their own software products will be an excellent complement to our SAP offerings across multiple regions."

ProvenTech has a diverse portfolio of products and services tailored to the unique needs of the pharmaceutical industry. The offered solutions ensure seamless integration and optimal performance in critical manufacturing and quality process areas, significantly improving operational efficiency and compliance using Pharma / Industry 4.0 technologies.

"ProvenTech's outstanding product portfolio and innovative approach to the pharmaceutical sector are a perfect fit with our strategic vision to optimize the cross-selling of SAP ERP with enhanced pharmaceutical solutions in India and APAC," says Sanjeev Deshpande, Managing Director – India, EVP – Head of APAC Region at NTT DATA Business Solutions. "Together, we aim to offer comprehensive solutions to our pharmaceutical and healthcare customers. In doing so, we can count on ProvenTech's in-depth industry and Data Science expertise proven by serving many renowned Fortune 500 customers."

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