Breaking News

Glaxo to Pay $488.7 Million Fine to End China Corruption Probe
Tweet TWEET

NTT Com Agrees to Wholly Acquire Virtela, A Leading Cloud Networking Provider

  NTT Com Agrees to Wholly Acquire Virtela, A Leading Cloud Networking
  Provider

Business Wire

TOKYO & DENVER -- October 28, 2013

NTT Communications Corporation (NTT Com), the ICT solutions and international
communications business within NTT (NYSE: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 priceof approximately $525 million (USD) in
cash.

Virtela Logo

Virtela Logo

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 services on a global scale. Together, NTT Com and Virtela offer
customers a single partner for the full lifecycle of enterprise network
services with an extensive portfolio to transform enterprise IT architectures
via the cloud.

Virtela, a 400-employee company headquartered in Denver, Colorado with global
operations and delivery centers in the US, India and the Philippines, serves
more than 500 customers worldwide, including many of the world’s largest
multinational companies.

NTT Com offers global total ICT outsourcing for the safe and reliable
transition of customer ICT environments to the cloud. Its existing offerings
include Arcstar Universal One^TM virtualized network services and
customer-premise-to-data center and cloud-to-cloud services, utilizing SDN
(software defined networking) technologies.

The respective strengths of Virtela and NTT Com will be unified through the
integration of their respective operations, services and networks to be
introduced on a combined basis to serve customers from 2014. Using Virtela’s
flexible service activation and advanced management infrastructure will
further enhance NTT Com’s high-quality broadband network services in nearly
every country of the world. The acquisition expands NTT Com’s global network
services coverage from 160 to more than 190 countries/regions.

NTT Com will also upgrade its cloud-based network services with Virtela’s
network function virtualization (NFV) technology to virtualize the functions
of customers’ network equipment, such as firewalls and WAN accelerators,
enabling enterprises to benefit from instant service activation and
significant cost reduction.

“Virtela is well known for its strong technology, networking expertise, global
reach and highly regarded services,” said Akira Arima, CEO of NTT Com. “As we
advance our Global Cloud Vision, we expect to continue offering enterprise
customers the highest possible value in services ranging from branch office
networking to large-scale cloud migration.”

“Virtela’s virtualized network services model combined with NTT Com’s brand
and strength will create the industry’s most advanced services portfolio that
enables enterprises to break free from the constraints of traditional network
architectures and services,” said Vab Goel, Virtela founder and general
partner at Norwest Venture Partners.

“NTT Com and Virtela share a vision for passionate customer support and
enhanced customer experience and we look forward to continuing to work closely
with our customers and partners to deliver even higher value,” said Virtela
President Ron Haigh.

Going forward, NTT Com plans to expand its leadership in global network
services and global cloud business through the integration and expansion of
its global network services.

About NTT Communications Corporation

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 IPv4/IPv6 Global Tier-1 IP Network,
Arcstar Universal One™ VPN network reaching more than 190 countries/regions,
and over 150 secure data centers. NTT Communications’ solutions leverage the
global resources of NTT Group companies including Dimension Data, NTT DOCOMO
and NTT DATA.

Further information: www.ntt.com | www.twitter.com/nttcom |
www.facebook.com/nttcomtv

About Virtela

Virtela Technology Services Incorporated is the smart alternative to
traditional global carriers and equipment vendors for enterprise networking
and virtualized IT services. The company delivers award-winning services via
its Virtualized Overlay Network and Virtela Enterprise Services Cloud (ESC)
platform, which enables the transition of branch office networking and
security services to the cloud. Virtela gives enterprises the benefit of
"asset-light" software-defined networking that delivers up to 80% cost savings
in upfront capital and 30% savings in ongoing operating expenses.

Recognized by more than 100 awards for outstanding service innovation and
customer support, Virtela's services suite includes global managed network,
security, mobility, application acceleration and IT infrastructure services.

Virtela is headquartered in Denver, Colorado, with global support centers. For
more information, please call +1 (720) 475-4000 or visit www.virtela.net

Photos/Multimedia Gallery Available:
http://www.businesswire.com/multimedia/home/20131028005580/en/

Multimedia
Available:http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50737768&lang=en

Contact:

NTT Communications Corporation
Christopher Davis, +1-512-774-6218
Senior Director, Marketing, Americas
c.davis@ntta.com
or
Wireside Communications®
For NTT Communications Corporation
Christine Carlson, +1-804-612-5394
ccarlson@wireside.com
or
Virtela Technology Services Incorporated
Jane Morrissey, +1-720-475-4012
Corporate Communications
jmorrissey@virtela.net
 
Press spacebar to pause and continue. Press esc to stop.