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.
It is estimated that the U.S. market for data center services, which accounts for more than 50% of global demand, has roughly doubled between 2010 and 2013. NTT Com is accelerating its development of global seamless cloud services via 150 data centers worldwide and is strengthening its one-stop provision of ICT solutions, including data center services, in the growing U.S. market. NTT Com currently offers services from data centers in eight U.S. cities. The acquisition of RagingWire strongly positions NTT Com to serve the growing U.S. market with increased capacity.About RagingWire Data Centers RagingWire designs, builds, and operates mission critical data centers that deliver high-density power and 100% availability. The company has 650,000 square feet of critical data center infrastructure in Northern California and Ashburn, Virginia and the highest customer loyalty scores in the industry. Their patented power delivery systems and EPA ENERGY STAR rated facilities lead the data center market in reliability and efficiency. With flexible colocation solutions for retail and wholesale buyers, a carrier neutral philosophy, and unmatched customer service, RagingWire meets the needs of top enterprise, Internet, and government organizations. More information is available at www.ragingwire.com. About NTT Communications Corporation NTT Communications provides consultancy, architecture, security and cloud services to optimize the information and communications technology (ICT) environments of enterprises. These offerings are backed by the company’s worldwide infrastructure, including IPv4/IPv6 Global Tier-1 IP Network, Arcstar Universal One™ VPN network reaching more than 190 countries/regions, and over 150 secure data centers. NTT Communications’ solutions leverage the global resources of NTT Group companies including Dimension Data, NTT DOCOMO and NTT DATA. Further information: www.ntt.com | www.twitter.com/nttcom | www.facebook.com/nttcomtv