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ECONOMY

NTT unit to buy American IT services provider

  • November 14, 2017
  • , Nikkei Asian Review , 2:58 a.m.
  • English Press

TOKYO — NTT Communications will acquire Secure-24 Intermediate Holdings, as the Japanese buyer looks to offer a wider lineup of services by combining its network and data center technology with the American IT company’s expertise.

 

The deal, likely valued around 70 billion yen to 80 billion yen ($617 million to $705 million), was announced Monday and is slated for completion early next year.

 

Michigan-based Secure-24 offers a wide range of system-related services, including network security and customized cloud services. The information technology company, which also operates a base in India, works with customers in industries such as autoparts manufacturing, finance and retail. It employs about 530 people.

 

Though NTT Communications provides similar services in Japan, the Nippon Telegraph & Telephone unit’s overseas operations focus on areas such as telecommunications and data servers. The Japanese company sees the Secure-24 acquisition helping it better meet customer demand for system administration.

 

(Nikkei)

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