NTT Com to acquire 80% stake in RagingWire data centers

摘要

NTT Com to expand and enhance global data center colocation solutions by leveraging RagingWire's patented data center design and world-class customer experience NTT Communications Corporation (NTT Com), the ICT solutions and international communications business within 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 $350 million (US$). The acquisition follows a definitive agreement reached with RagingWire shareholders. RagingWire has annual revenues of approximately $85 million (US$), 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.