NTT Communications Completes Investment of $350 Million in RagingWire Data Centers to Acquire 80% Ownership Stake
(Marketwire Via Acquire Media NewsEdge) TOKYO, JAPAN and SACRAMENTO, CA -- (Marketwired) -- 02/03/14 --
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 colocation services in the United States, jointly announced today that NTT Com has completed its investment of $350 million in RagingWire to acquire an 80% ownership stake. 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.
The addition of RagingWire's data center space to NTT Com's portfolio more than doubles NTT Com's data center space in the U.S. and enables both companies to respond to high demand for data center colocation services worldwide. 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 thrilled to welcome RagingWire into the family of NTT Communications group companies," said Akira Arima, CEO of NTT Com. "Our combined customer base which includes the top enterprises, government organizations, and Internet companies around the world will benefit from our expanded and enhanced data center and cloud solutions. RagingWire's patented data center power delivery design and technology along with their world-class customer service model will be important additions to our global solutions portfolio."
RagingWire 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.
NTT Com's data centers in more than 150 locations amount to a total server room floor area of over 2.5 million square feet. Under its Nexcenter™ brand, NTT Com is striving to offer enhanced data center services of even higher quality than before. The new Nexcenter solutions will combine globally standardized service agreements, service level agreements (SLA) and customer portals with special cost-reducing features, such as advanced air conditioning systems and virtual-network-based global seamless services, including hybrid clouds.
"RagingWire's management team and employees are honored to be recognized by NTT with this investment in our business," said George Macricostas, founder and CEO of RagingWire. "As part of the NTT family of companies, we plan to accelerate our build plan in North America, extend our data center platform globally, and add even more strategic value to our customers."
About RagingWire Data CentersRagingWire 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 is affiliated with the global network of data centers operated by NTT Communications in 150 locations. RagingWire's 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 the highest customer loyalty in the industry as measured by the Net Promoter Score®, RagingWire meets the needs of top enterprise, Internet, and government organizations. More information is available at www.ragingwire.com/.
About NTT Communications CorporationNTT 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 leading 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.
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Net Promoter, Net Promoter Score, and NPS are trademarks of Satmetrix Systems, Inc., Bain & Company, Inc., and Fred Reichheld.
NTT, NTT Communications, and the NTT Communications logo are registered trademarks or trademarks of NIPPON TELEGRAPH AND TELEPHONE CORPORATION and/or its affiliates. All other referenced product names are trademarks of their respective owners. © 2013 NTT Communications
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