Digital business and IT services company – NTT DATA Services announced it has agreed to acquire supply chain analytics and consulting firm – Chainalytics. The addition of Chainalytics’ market-leading expertise to NTT DATA’s global consulting and digital transformation services will help NTT DATA better serve corporate clients through a holistically coordinated approach to supply chain consulting.

Dan Albright, Divisional President & Global Head of Consulting, NTT DATA Services, said, “Nearly every industry has been impacted by supply chain disruption, magnifying the need to accelerate improvement opportunities in supply chain planning and execution. A supply chain is a critical source of competitive advantage for our clients across industries. Together with Chainalytics, we will support clients’ digital transformations, improve their resilience and help advance their sustainability and net-zero initiatives.”

There is rapid growth in the supply chain consulting and analytics market, driven by the shift to direct-to-customer business models and the ongoing need to reduce carbon emissions, complexity, and costs.

Mike Kilgore, CEO of Chainalytics, said, “By combining our capabilities, we will advance our purpose of being the leading partner for supporting data-driven supply chain transformation. We’re excited to join the NTT DATA family where we share strongly aligned cultures and passion for innovation, which are the sources of our differentiation and value to our clients while accessing a larger platform for growth.”

After the acquisition, Chainalytics will join a top-six global IT services leader with vast resources. The NTT DATA consulting business will offer business and digital transformation services throughout the world to more than 200 employees. The company will benefit from ongoing investments in digital transformation services and access to global research and development.