|RagingWire Data Centers’ Ashburn facility, seen in April, is spread over 150,000 square feet. Times-Mirror File Photo/Beverly Denny|
On Oct. 28 data center giant Raging Wire sold an 80 percent equity interest in its operation to Tokyo-based NTT Com for $350 million.
Between Sacramento, Calif. and Ashburn Raging Wire has over 650,000 square feet of data center space and is planning on breaking ground on a 78-acre plot of land in Ashburn soon.
The sale will strengthen the Japanese communications company's cloud computing offerings by doubling their data center space here in the United States.
As far as the existing employees are concerned Raging Wire will exist as its own stand-alone division of NTT Com.
"Right now there will be no change," said Christine Carlson, a spokesperson for NTT Com.
The acquisition is a chance for Raging Wire to gain capital it needs to expand operations.
“The RagingWire management team and employees are excited to be part of the NTT family of companies,” said George Macricostas, founder and CEO of RagingWire in a quote on businesswire.com. “By joining NTT, we will be able to extend our data center platform globally, expand the markets we serve and add more strategic value to our customers.”
Since its founding, the company has expanded to over 300 employees and has a compounded annual growth rate of 30 percent per year according to the Washington Business Journal.
Earlier this week, it was announced that Loudoun County had eclipsed five million square feet of space dedicated to data centers according to the Loudoun County Department of Economic Development.
It is not clear that the expansion of the company will lead to more jobs in Loudoun, but the cash infusion should make it easier for Raging Wire to expand operations here and abroad.
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