NTT Communications to Acquire 80% Stake in RagingWire Data Centers

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 (USD). The acquisition follows a definitive agreement reached with RagingWire shareholders. RagingWire has annual revenues of approximately $85 million (USD), 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. RagingWire Logo The acquisition will