logo
Share SHARE
FONT-SIZE Plus   Neg

NTT Com To Buy Virtela; To Acquire Approx. 80% Equity Interest In RagingWire

NTT Communications Corp., the ICT solutions and international communications business within NTT (NTT: Quote), and Virtela Technology Services Incorporated, a global managed and cloud network services company, announced a definitive agreement under which NTT Com has agreed to wholly acquire Virtela for approximately $525 million. The acquisition expands NTT Com's global network services coverage from 160 to more than 190 countries/regions.

Virtela, a 400-employee company with global operations and delivery centers in the US, India and the Philippines, serves more than 500 customers worldwide. Virtela is headquartered in Denver, Colorado.

NTT Communications Corp. also announced it will acquire approximately 80% equity interest in RagingWire Data Centers, a provider of data center services in the United States, for $350 million. The acquisition follows a definitive agreement reached with RagingWire shareholders.

RagingWire has approximately 300 employees. NTT Com said the acquisition will more than double its data center space in the US. 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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Internet giant Google Inc. (GOOGL, GOOG) has launched a new online flight search tool that makes it easy to find out the best flight deal. The tool dubbed "Google Flights" provides a calendar that one can scroll through and see the lowest fare highlighted for each day. One can also use the lowest... Hyperloop Transportation Technologies, a start-up that has adopted Elon Musk's ambitious project of high-speed transportation system, plans to build a Hyperloop test track in California and completed as early as 2016. Hyperloop Test Technologies, a crowd-funded company, plans to take Musk's dream... Colors have set the social media afire after an otherwise innocuous photo of a bodycon dress kept users guessing as to what hues permeate it. Opinions are divided, with some seeing the dress as white and gold, and others as blue and black. The photo was posted on Tumblr by a user called Swiked.
comments powered by Disqus
RELATED NEWS
Trade NTT now with 
Follow RTT