Intelligroup Inc. is an enterprise applications system integrator providing consulting, implementation, testing, management and other IT services primarily related to SAP, Oracle and Microsoft applications for global corporations.

The company announced today that it has entered into a definite merger agreement with NTT Data, a subsidiary of Japanese telecoms company Nippon Telegraph & Telephone (NYSE: NTT). NTT Data intends to acquire Intelligroup through an $199 million all-cash tender offer. The offer to buy the outstanding shares of Intelligroup is for $4.65 per share, which represents a 21.1% premium to the company’s average closing price over the last three-month period ended June 11, 2010.

The transaction will give NTT Data access to Intelligroup’s blue-chip client base and specialized knowledge of SAP and Oracle. NTT Data will also benefit from the company’s deep industry experience and solutions focused on the life sciences, high-tech and discrete manufacturing, and consumer packaged goods verticals as well as its efficient global delivery model.

According to the CEO of Intelligroup, Vikram Gulati, NTT Data will “enhance significantly our ERP solution capability and also allow us to offer ‘total outsourcing solutions’. It will enable us to offer enhanced vertical offerings and greater geographic coverage to our customers. Further, this will allow us to leverage the financial strength of NTT Data which enables us to make greater and more long-term investments in the business.”