DigitalOlympus.com Comments on Japan's NTT Comm Effort to Acquire Two U.S. Cloud Computing Firms for $880 Million

Leading business news blog DigitalOlympus.com comments on recent reuters.com news story regarding NTT Communications Corp attempt to take over two U.S. cloud computing companies in a deal jointly valued at 85.5 billion yen ($880 million).

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While the effort of NTT to extend its business to the United States is a step in the right direction, the firm can seek for ways to further extend its subscribers base by hiring a firm that specialize in business intelligence

New York, NY (PRWEB) December 12, 2013

In the wake of a recent news report by Nobuhiro Kubo published on October 28 on reuters.com concerning NTT Communications Corp disclosure that it will take over two U.S. cloud computing companies in deals jointly worth 85.5 billion yen ($880 million), DigtalOlympus.com comments on the report.

The reuters.com news story indicates that the report of NTT Communications Corp follows efforts from Japanese companies to enhance overseas networks through takeovers. Furthermore, the unlisted long-distance and overseas calling arm of Nippon
Telegraph and Telephone Corp will acquire Virtela Technology Services Inc. which supplies communications services to corporations, and purchase an 80 percent stake in RagingWire Data Centers.

In response to the report, DigitalOlympus.com principal researcher Josh Cole applauded the effort of NTT Communications Corp in its attempt to establish its footprint overseas. “Other companies in Japan intending to make similar business move can hire a firm that offers due diligence investigation to enable them acquire the right firm to achieve their business objectives,” he said.

In addition the reuters.com news report points that Denver, Colorado-centered Virtela supplies services to corporate clients in over 190 nations via local partnerships, it will become an absolutely owned unit of the Japanese firm assisting it to render data services across the globe without authorizing cables and lines in each market.

In a statement following the report, DigitalOlympus.com spokesperson said: “While the effort of NTT to extend its business to the United States is a step in the right direction, the firm can seek for ways to further extend its subscribers base by hiring a firm that specialize in business intelligence concerning relevant tactics it can use.”

DigitalOlympus.com is a premier business news blog committed to providing useful information to its readership that can help them make the right business decision.


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