Japanese enterprise IT vendor NTT Communications has invested $350 million in RagingWire Data Centers to acquire an 80 percent stake.
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.
The addition of RagingWire’s data center space to NTT Com’s portfolio more than doubles NTT Com’s data center space in the U.S.
NTT Com will also deploy RagingWire’s know-how and patented technologies for the design and operation of highly dependable, scalable and sophisticated data centers.
Akira Arima, CEO of NTT Com, said: “RagingWire’s patented data center power delivery design and technology along with their world-class customer service model will be important additions to our global solutions portfolio.”
RagingWire has 650,000 square feet of data center space at its campuses in Sacramento, California, and Ashburn, Virginia. Both campuses are currently being expanded. In addition, RagingWire has begun construction of a new 150,000 square foot data center in Sacramento and will soon break ground on a 78 acre parcel of land in Ashburn, Virginia with designs to build 1,500,000 square feet of data center space.
NTT Com’s data centers in more than 150 locations amount to a total server room floor area of over 2.5 million square feet.