Core BTS, a technology consulting and managed services provider, today entered into a definitive agreement to be acquired by Nomura Research Institute.
Nomura Research Institute (NRI), a Japanese research and consulting firm, is to acquire technology consulting and managed services provider Core VTS from Tailwind Capital.
NRI was established in 1965 and since its inception, the Company has been dedicated to assisting clients to confidently manage the complexity of modern markets. Core BTS is a US-based solution provider leveraging both the Microsoft and Cisco ecosystems to modernise business applications and maximise the value of the cloud. As an NRI Group Company, Core BTS will have the long-term financial and strategic backing to continue to deliver world-class consulting, technical expertise and managed services to clients confronting their most complex technology challenges.
“NRI is committed to providing the highest quality services and insights to earn the continuous trust of our clients. The value that Core BTS’ approach, people, and systems bring to their clients makes them an ideal fit for our organization and supports our desire to offer clients the best solutions and services available globally,” says Hajime Ueda, Senior Executive Managing Director at NRI. “Core BTS will have a significant voice within NRI and their addition offers immense opportunities for collaboration and growth throughout our Company.”
Paul Lidsky, the Chief Executive Officer of Core BTS, will continue to lead Core BTS along with the existing leadership team. He says: “We are delighted to join the NRI family and excited about the impact that our greatly expanded scale and capabilities will bring to our clients, partners, and associates.
“We truly appreciate the unwavering support that Tailwind Capital provided over the past three years. Together with NRI, we remain committed to serving our clients and continuing to execute our growth strategy.”
The transaction is expected to close in December 2021 subject to receipt of regulatory approvals and the satisfaction of other customary closing conditions.
Evercore is serving as financial advisor to Core BTS and Davis Polk & Wardwell LLP is serving as legal advisor. Nomura Securities Co, Ltd is serving as financial advisor to NRI and Pillsbury Winthrop Shaw Pittman is serving as legal advisor.
