Establishment of NTT Global Sourcing, Inc.
1. Purpose and Role
NTT will establish, in the United States, a procurement company that will engage in centralized price negotiations and the execution of comprehensive agreements with global vendors, etc. for hardware, software, and services purchased in common by each Group company. Each Group company will individually procure products and services from each global vendor, etc. based on the comprehensive agreements executed by the procurement company.
Through such activities, the NTT Group will work to improve the presence of the NTT Group in the global market, reducing the Group’s total costs, and providing lower-priced, innovative services to clients.
2. Overview of the Company
(1) Company name: NTT Global Sourcing, Inc.
(2) Location: United States of America
(3) CEO: Mark E. La Neve (currently an NTT DATA Services Senior Vice President)
(4) Main business: Centralized price negotiations and the execution of comprehensive agreements, etc. with global vendors, etc.
(5) Capital: US$ 15 million
(6) Shareholder: Wholly owned by NTT, Inc.
(7) Number of employees: Approx. 20 (at time of establishment)
(8) Date of establishment: November 2018
View source version on businesswire.com: https://www.businesswire.com/news/home/20180911005890/en/
Website: http://www.ntt-global.com/
Contact
Inquiries from the press:
Nippon Telegraph and Telephone Corporation
Public Relations Office
ntt-cnr-ml@hco.ntt.co.jp
Inquiries from others:
Nippon Telegraph and Telephone Corporation
Global Procurement Office
global_procurement-ml@hco.ntt.co.jp
This news is a press release provided by Nippon Telegraph and Telephone Corporation.