This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Image Of RagingWire's Virginia Data Center (Photo: Business Wire)

NTT Communications Corporation (NTT Com), the ICT solutions and international communications business within NTT (NYSE:NTT), and RagingWire Data Centers (RagingWire), a leading provider of data center services in the United States, jointly announced that NTT Com will acquire approximately 80% equity interest in RagingWire for $350 million (USD). The acquisition follows a definitive agreement reached with RagingWire shareholders. RagingWire has annual revenues of approximately $85 million (USD), and a compounded annual growth rate of 30%. RagingWire’s founders and management team will continue to operate the company as a platform under the RagingWire brand and maintain a minority interest in the company.

RagingWire Logo

RagingWire Logo

The acquisition will more than double NTT Com’s data center space in the US which will enable the company to respond to high demand for data center services in North America. NTT Com will also deploy RagingWire’s know-how and patented technologies for the design and operation of highly dependable, scalable and sophisticated data centers.

“We are rapidly expanding our capabilities to provide cloud and telecommunications solutions worldwide and the deal with RagingWire is critical to increasing our overall capacity, providing data center infrastructure management tools which enhance our colocation service’s reliability and efficiency. RagingWire leads the data center industry in availability, innovation, and customer experience, and will enhance our global cloud solutions significantly,” said Akira Arima, CEO of NTT Com.

RagingWire was founded in the year 2000 and has approximately 300 employees. The company has 650,000 square feet of data center space at its campuses in Sacramento, California, and Ashburn, Virginia. Both campuses are currently being expanded. In addition, RagingWire has begun construction of a new 150,000-square-foot data center in Sacramento, and will soon break ground on a 78-acre parcel of land in Ashburn, Virginia with designs to build 1,500,000 square feet of data center space. The company was recently recognized for having the highest customer loyalty in the industry as measured by the Net Promoter Score ® and has over 200 Internet and enterprise customers including such notable names as Flextronics, Polycom and NVIDIA.

In 2012, RagingWire was awarded two patents for data center power delivery systems and technology. These patented technologies include the 2N+2 TM design, which offers double the redundancy of a standard data center design at a lower cost. The unique infrastructure, design and operations of 2N+2 has enabled RagingWire to deliver customer SLAs (service level agreements) for 100% availability without any exclusions for maintenance periods or utility disruptions. NTT Com will now begin introducing these advanced technologies throughout its data centers worldwide.

“The RagingWire management team and employees are excited to be part of the NTT family of companies,” said George Macricostas, founder and CEO of RagingWire. “By joining NTT, we will be able to extend our data center platform globally, expand the markets we serve and add more strategic value to our customers.”

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,960.57 -123.23 -0.72%
S&P 500 1,978.34 -9.64 -0.48%
NASDAQ 4,449.5640 -22.5440 -0.50%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs