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NTT Communications to Acquire Full Ownership of RagingWire Data Centers.

M2 EQUITYBITES-February 24, 2017-NTT Communications to Acquire Full Ownership of RagingWire Data Centers

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24 February 2017 - US-based data centre provider RagingWire Data Centers, Inc. and parent company NTT Communications (NTT Com), the ICT solutions and international communications business within Japanese telecommunications group NTT Group (NYSE: NTT), have agreed a deal under which NTT Com will purchase the remaining shares of RagingWire and acquire 100% ownership of the company, the companies said.

In addition, RagingWire named long-term RagingWire executive and current president, Douglas Adams, as CEO, and RagingWire's founder, George Macricostas, who had served as chairman and CEO of RagingWire, was named Executive chairman.

Founded in the year 2000 by George Macricostas, RagingWire was one of the companies that helped to create the data centre colocation industry.

In January 2014, NTT Communications acquired an 80% equity stake in RagingWire for USD 350m. By joining the NTT Communications family of companies, RagingWire became part of one of the largest data centre companies in the world with 140 facilities in 17 countries.

With the financial backing of NTT Com, RagingWire opened the Sacramento CA3 Data Center and the Ashburn VA2 Data Center totaling 320,000 square feet of space and 28mw of power.

In addition, RagingWire began construction on its massive Dallas Data Center Campus on 42 acres of land and the Ashburn Data Center Campus on 76.5 acres in the heart of the famed "Data Center Alley" region.

The first phase of the Dallas development, the TX1 Data Center, with 230,000 square feet of space and 16mw of power, will have its grand opening on April 18, 2017.

RagingWire Data Centers designs, builds, and operates mission critical data centers that deliver 100% availability, high-density power, flexible configurations, carrier neutral connectivity, and superior customer service.

As part of the NTT Communications group, RagingWire is one of the largest wholesale data centre providers in the world with a global network of over 140 data centres operated by NTT Communications under the Nexcenter brand and one of the most financially strong companies in the data centre industry.

NTT Communications provides consultancy, architecture, security and cloud services to optimize the information and communications technology environments of enterprises.

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Publication:M2 EquityBites (EQB)
Date:Feb 24, 2017
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