Skip to comments.Japan's NTT buys US cloud computing firms for $875 mn
Posted on 10/28/2013 6:40:11 PM PDT by TexGrill
AFP - NTT Communications said Monday it would pay a combined $875 million for two US-based cloud computing firms, marking the latest major overseas acquisition by a Japanese firm.
The telecoms giant said it had agreed to buy Virtela for $525 million, while it would shell out $350 million for an 80 percent stake in RagingWire as it looks to boost its ability to supply online access to software and data storage for big global clients.
The deals come as NTT looks to counter a slowdown in its mainstay long-distance telecom business.
"The acquisition (of RagingWire) will more than double NTT's data centre space in the US, which will enable the company to respond to high demand for data centre services in North America," it said in a statement.
It added that the deal was "critical to increasing our overall capacity".
The global cloud services market for corporate users is expected to reach $31.9 billion in 2017, a 70 percent jump from last year.
(Excerpt) Read more at france24.com ...
But...but can they fix the 0bamacare website? ;)
NTT is what’s behind most of the FR outages.
The US internet is competing with the Globalists, and not coming out on top.
Is it really a good idea for foreign companies to be buying up US data centers?
The Japanese companies are moving in mass to N. CA. I see many job ads that require Japanese/English language skills.