OREANDA-NEWS. NTT Communications Corporation (NTT Com), ICT solutions and international communications business within NTT, and Virtela Technology Services Incorporated (Virtela), a leading global managed and cloud network services company, announced today that NTT Com and Virtela's shareholders have entered into a definitive agreement under pursuant to which NTT Com has agreed to wholly acquire Virtela for a total transaction price of approximately USD 525 million in cash.

Combining Virtela's advanced service/operational platforms and expertise with NTT Com's global ICT infrastructure and resources creates an unparalleled company able to deliver cloud networking services, asset-light branch office networking, a Tier-1 IP backbone and end-to-end cloud compute, storage and network services on a global scale. Together, NTT Com and Virtela offer customers a single partner for the full lifecycle of enterprise network services with an extensive portfolio to transform enterprise IT architectures via the cloud.

Virtela, a 400-employee company headquartered in Denver, Colorado with global operations and delivery centers in the U.S., India and the Philippines, serves more than 500 customers worldwide, including many of the world's largest multinational companies.

NTT Com offers global total ICT outsourcing for the safe and reliable transition of customer ICT environments to the cloud. Its existing offerings include Arcstar Universal OneTM virtualized network services and customer-premise-to-data center and cloud-to-cloud services, utilizing SDN (software defined networking) technologies.

NTT Com will also upgrade its cloud-based network services with Virtela's network function virtualization (NFV) technology to virtualize the functions of customers' network equipment, such as firewalls and WAN accelerators, enabling enterprises to benefit from instant service activation and significant cost reduction.