NTT Communications Corporation has acquired Spanish hyperscale cloud managed services provider Capside through its subsidiary, NTT Com Managed Services, which is headquartered in Barcelona. Terms of the deal were not disclosed.
As a result of the acquisition, Capside will expand its service offerings with value-added datacenter and global communications services while remaining an independent operation, parent NTT said.
Damian Skendrovic, CEO of NTT Com Managed Services commented on the deal:
"I am delighted to welcome the Capside team, their clients, and partners to the NTT family. CAPSiDE’s capabilities are very complementary to NTT’s portfolio and solidify our public cloud offerings which are increasingly high in demand."
Josep Ruano, CEO of Capside added:
“This is an exciting time for CAPSiDE, our clients, and partners. Joining NTT will give Capside the ability to leverage NTT's global presence and resources to accelerate worldwide adoption of our comprehensive hyperscale cloud managed services, highly-specialized cloud transformation consulting services and cloud enablement. Our goal is to continue to build ‘CAPSiDE, an NTT Company’ into the best hyperscale cloud managed services company in the industry.”
NTT Communications Background
NTT Communications was founded in 1999 when NTT’s operations were reorganized into a holding-company structure, transferring the business to three wholly owned subsidiaries, NTT East, NTT West, and NTT Communications.
Nippon Telegraph & Telephone Corp. recently merged three of its subsidiaries — NTT Data, NTT Communications and Dimension Data — into a massive IT company that offers everything from IT consulting to cloud and communications. Combined revenues for the three units were $37.8 billion in 2017.