OREANDA-NEWS. December 26, 2011. NTT DATA CORPORATION, through its subsidiary NTT DATA Asia Pacific Pte. Ltd (President and Chief Executive Officer: Ryoji Fukaya; Head office: Singapore; hereinafter referred to as "NDAP"), reached a final agreement on December 26, 2011 to acquire 51.4% of shares of Accellence (Thailand) Limited (CEO: Tanakorn Kalayanamit; Head office: Nonthaburi (a suburb of Bangkok), Thailand; hereinafter referred to as "Accellence"), a company chiefly involved in the development of card business processing systems for financial institutions in Thailand, and around the end of January 2012, to make the company a subsidiary.

The move opens NTT DATA a gateway to establishing a firm foothold in the card and payment business in the growing Thailand market, as it aims to combine NTT DATA's solutions and know-how in the card and payment field acquired through service provisions including CAFIS® and Accellence's renowned card business processing systems for financial institutions and their strong customer base, to co-offer multiple advanced-and-competitive electronic payment services. This collaboration will accelerate the further expansion of its card and payment business in Thailand, and in the Asia-Pacific region.