RagingWire Data Centers, Inc., the nation’s premier data center provider, and its parent company NTT Communications (NTT Com), the ICT solutions and international communications business within the NTT Group (NYSE: NTT), announced today that NTT Com intends to purchase the remaining shares of RagingWire and acquire 100% ownership of the company. 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 by George Macricostas, 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. Under the leadership of Mr. Macricostas, RagingWire became an industry innovator and leader with two patents in mission critical power delivery, a growing data center portfolio of over 1.2 million square feet with nearly 100 megawatts of critical power and a long track record of delivering 100% uptime for its customers, resulting in RagingWire being recognized for earning the highest customer loyalty in the data center industry as measured by the Net Promoter Score (NPS). During his tenure with the company, Mr. Macricostas funded and guided the company from inception and through two recessions, achieving rapid, sustainable and profitable growth, and ultimately a successful merger with NTT Communications. Mr. Macricostas continued to lead the company for three years during post-merger integration, resulting in a 2017 business plan that will double the company’s revenue as compared to pre-merger levels.
In January 2014, NTT Communications acquired an 80% equity stake in RagingWire. By joining the NTT Communications family of companies, RagingWire became part of one of the largest data center companies in the world with 140 facilities in 17 countries. With the strong financial backing of NTT Com, RagingWire opened the Sacramento CA3 Data Center and the Ashburn VA2 Data Center totaling 320,000 square feet of space and 28 megawatts of power. In addition, RagingWire began construction on its massive Dallas Data Center Campus on 42 acres of land and the Ashburn Data Center Campus on 76.5 acres in the heart of the famed “Data Center Alley” region. The first phase of the Dallas development, the TX1 Data Center, with 230,000 square feet of space and 16 megawatts of power, will have its grand opening on April 18, 2017.
“In the three years since our investment in RagingWire, we have been extremely pleased with the exceptional performance of the company and impressed with the leadership and execution of George Macricostas and the rest of the RagingWire team during this successful merger process,” said Tetsuya Shoji, President and CEO of NTT Communications. “RagingWire is strategically important to our ability to deliver global information and communications technology solutions. We are confident that Doug Adams and the RagingWire team will build on this legacy, delivering superior results and contributing significantly to the ongoing success of NTT Communications.”
Douglas Adams joined RagingWire in 2001 as part of the early executive team that along with Founder George Macricostas led the growth of the company into a data center industry leader. Mr. Adams has held multiple executive positions at RagingWire leading sales, marketing, product, and operations, and served most recently as president of the company. Mr. Adams was instrumental in growing the company's customer base and revenue, building the massive data center campuses in Sacramento, California, Ashburn, Virginia, and Dallas, Texas, and leading RagingWire’s strategic expansion into the wholesale data center solutions space. Prior to joining RagingWire, Mr. Adams was the general manager of the magnetic and optical data storage products division of NEC Technologies, Inc., and held multiple positions in sales, business development, and senior management at Mars, Inc.
“Thank you to George Macricostas and NTT Communications for the confidence they have placed in me and the RagingWire team,” said Douglas Adams, CEO and President of RagingWire Data Centers. “RagingWire is a company with a successful past and an exciting future. We are proud of our accomplishments and energized by the opportunity in front of us. Our vision and strategy remain the same – we want to be a top five wholesale data center provider in the U.S., and we will build and grow our business in the top data center markets in North America. Together we will take RagingWire to the next level.”
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. This worldwide data center portfolio is ideal for wholesale, multi-megawatt deployments optimized for application performance and systems availability. Through its relationship with NTT Com, RagingWire is one of the most financially strong and largest providers of wholesale data centers in the world.
About RagingWire Data Centers
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 1.2 million 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. As part of the NTT Communications group, RagingWire is one of the largest wholesale data center providers in the world with a global network of over 140 data centers operated by NTT Communications under the Nexcenter™ brand and one of the most financially strong companies in the data center industry. For more information visit www.ragingwire.com.
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 the leading global tier-1 IP network, the Arcstar Universal One™ VPN network reaching 196 countries/regions, and over 140 secure data centers worldwide.