NTT Communications buys remaining stake of RagingWire
Thu 1 Feb 2018
Japanese firm NTT Communications now owns 100% of data centre provider RagingWire after purchasing its remaining shares.
The ICT solutions and communications business acquired an 80% equity stake in RagingWire back in 2014. Now, the parent company has gone ahead and purchased the entirety of the business.
As part of the investment, RagingWire will be responsible for NTT’s data centre business in the U.S., Canada, Latin and South America, under the NexcenterTM brand.
Since the 2014 investment, RagingWire developed its offerings, expanding out to build more than 140 sites in 20 countries. As well as this, it has expanded its existing facilities in Ashburn, Dallas and Sacramento, adding a total of 60MW of capacity across these sites.
It has also helped direct NTT’s data centre business, sitting on its global steering committee and improving design and operations standards.
Masaaki Moribayashi, senior vice president of cloud services at NTT, and a board member for both NTT and RagingWire, said: “We are excited to expand our investment in RagingWire and the America’s data centre market.
“Since joining the NTT Communications family of companies, RagingWire has become a linchpin in our global data centre strategy. Their award-winning design, 100% availability operational model, and industry-leading sales and marketing have been critical to our growth worldwide.”
Douglas Adams, CEO and president of RagingWire, said: “By joining NTT Communications, RagingWire became a global company with access to NTT’s financial strength, global data centres, and world-class information and communications technology solutions.
“Thanks to the support we have received from NTT Com, RagingWire is uniquely positioned to meet the data centre needs of large enterprises and hyperscale cloud companies that require available data centre capacity in the top U.S. and international markets.”
RagingWire was formed in 2000, and was one of the first players in the lucrative colocation industry. It now has 1.5 million sq. feet of data centre space in the U.S., providing a total power capacity of 113MW.