Nomura Research Institute agreed to buy Convergence Technologies, the holding company of Core BTS, from private equity firm Tailwind Capital. Core BTS helps US companies, schools and hospitals with cloud, network, security and data center work, and had 2020 sales of about $152 million. NRI's Japanese stock-exchange filing put the purchase price at ¥52.3 billion; English announcements did not state a price. About Core BTS Core BTS is an IT consulting and managed services firm based in Indianapolis. It handles cloud, workplace technology, collaboration, security and networking for clients across the US. Its chief executive, Paul Lidsky, stayed on after the sale. The deal NRI made the purchase through its Americas holding company in New York. The seller, Tailwind Capital, is a private equity firm that invests in services companies. The deal closed after regulatory approvals. About NRI NRI, founded in 1965, provides consulting and IT systems for banks, manufacturers, retailers and service companies. At the time it had more than 13,000 employees in over 70 offices and annual sales above $4.9 billion. It said it wanted to be a long-term partner for digital change at US companies.
