RagingWire Data Centers, Inc. parent company, NTT Communications (NTT Com) intends to purchase the remaining shares of RagingWire and acquire 100% ownership of the company, the company 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, RagingWire was one of the companies that helped to create the data center colocation industry, which has grown to a multi-billion dollar industry worldwide.
In January 2014, NTT Communications acquired an 80% equity stake in RagingWire.
As part of the NTT Communications family of companies, RagingWire joins Netmagic Solutions Pvt. Ltd. in India, Gyron Internet Ltd. and e-shelter facility services GmbH in Europe, along with the extensive data center portfolio of NTT in Asia to create a global data center platform of 4,000,000 square feet.
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.
The company has 97 MW of critical IT load spread across 1.2m square feet of data center infrastructure in Northern California, Ashburn, Virginia, and Dallas, Texas, with significant growth plans in these locations and other top North American data center markets.
NTT Communications provides consultancy, architecture, security and cloud services to optimize the information and communications technology (ICT) environments of enterprises. These offerings are backed by the company´s worldwide infrastructure, including the leading global tier-1 IP network, the Arcstar Universal One VPN network reaching 196 countries/regions, and over 140 secure data centers worldwide.