IndyCar has been in advanced talks with NTT Corp., the Japanese parent company of NTT Data, about taking over as title sponsor, according to sources. IndyCar has been in the market searching for a replacement for Verizon for more than a year, and the hunt is coming down to the wire with pre-season testing set to kick off at Circuit of the Americas next month. NTT has emerged as one of the few companies that IndyCar has been seriously talking to in recent months, according to more than half a dozen people informed of the matter, though it could not be confirmed whether the deal was finalized or still being negotiated.
IndyCar CEO Mark Miles has said to expect an announcement this month. One of NTT’s main subsidiaries, NTT Data, is a longtime sponsor of Chip Ganassi Racing’s IndyCar program and it is one of the largest IT services companies in the world with more than $16B in annual revenue.
