February 24, 2017

NTT to acquire 100% ownership of RagingWire

The company had acquired an 80% equity stake in RagingWire in 2014

This week, RagingWire Data Centers and its parent company NTT Communications (NTT Com), the Japanese ICT solutions provider within the NTT Group announced that NTT Com intends to purchase the remaining shares of RagingWire and acquire 100% ownership of the company.

In January 2014, NTT Com acquired an 80% equity stake in RagingWire. By joining the NTT family of companies, RagingWire became part of the data center company which claims to have 140 facilities in 17 countries.

After the acquisition, RagingWire reportedly opened the Sacramento CA3 data center and the Ashburn VA2 data center totaling 320,000 sq.ft. of space and 28 MW of power. RagingWire also began construction on its Dallas Data Center Campus on 42 acres of land and the Ashburn Data Center Campus on 76.5 acres in the Data Center Alley region.

Tetsuya Shoji, CEO, NTT Communications said:

In the three years since our investment in RagingWire, we have been extremely pleased with the exceptional performance of the company and impressed with the leadership and execution of George Macricostas and the rest of the RagingWire team during this successful merger process.

RagingWire is strategically important to our ability to deliver global information and communications technology solutions.

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