NTT Communications to Acquire Virtela for $525M in Cash

NTT Communications Corporation (NTT Com), the ICT solutions and international communications business within NTT

, and Virtela Technology Services Incorporated (Virtela), a leading global managed and cloud network services company, announced today that NTT Com and Virtela's shareholders have entered into a definitive agreement under which NTT Com has agreed to wholly acquire Virtela for a total transaction price of approximately $525 million (USD) in cash. Combining Virtela's advanced service/operational platforms and expertise with NTT Com's global ICT infrastructure and resources creates an unparalleled company able to deliver cloud networking services, asset-light branch office networking, a Tier-1 IP backbone and end-to-end cloud compute, storage and network