NTT Communications (NTT Com) intends to purchase the remaining shares of data center solutions provider RagingWire and acquire 100% ownership of the company. In addition, RagingWire named long-term RagingWire executive and current president, Douglas Adams, as CEO, while RagingWire’s founder, George Macricostas, who had served as Chairman and CEO of RagingWire, was named Executive Chairman.
Founded in the year 2000 by George Macricostas, RagingWire designs, builds, and operates data centers that would deliver 100% availability, high-density power, flexible configurations, and carrier neutral connectivity. The company has 97 MW of critical IT load spread across 1.2 million square feet of data center infrastructure in Northern California, Ashburn, Virginia, and Dallas, Texas, with significant growth plans in these locations and other top North American data center markets.
During his tenure with the company, Mr. Macricostas funded and guided the company from inception and through two recessions, achieving “rapid, sustainable and profitable growth,” and ultimately a successful merger with NTT Communications. Mr. Macricostas continued to lead the company for three years during post-merger integration, resulting in a 2017 business plan that would double the company’s revenue as compared to pre-merger levels.
About Douglas Adams
Douglas Adams joined RagingWire in 2001 as part of the early executive team that along with founder George Macricostas led the growth of the company into a data center industry leader. Mr. Adams has held multiple executive positions at RagingWire leading sales, marketing, product, and operations, and served most recently as president of the company.
Mr. Adams was instrumental in growing the company’s customer base and revenue, building the massive data center campuses in Sacramento, California, Ashburn, Virginia, and Dallas, Texas, and leading RagingWire’s strategic expansion into the wholesale data center solutions space. Prior to joining RagingWire, Mr. Adams was the general manager of the magnetic and optical data storage products division of NEC Technologies, and held multiple positions in sales, business development, and senior management at Mars.
80% Equity Stake
In January 2014, NTT Communications acquired an 80% equity stake in RagingWire. By joining the NTT Communications family of companies, RagingWire became part of one of the largest data center companies in the world with 140 facilities in 17 countries. With the strong financial backing of NTT Com, RagingWire opened the Sacramento CA3 Data Center and the Ashburn VA2 Data Center totaling 320,000 square feet of space and 28 megawatts of power.
In addition, RagingWire began construction on its massive Dallas Data Center Campus on 42 acres of land and the Ashburn Data Center Campus on 76.5 acres in the heart of the famed ‘Data Center Alley’ region. The first phase of the Dallas development, the TX1 Data Center, with 230,000 square feet of space and 16 megawatts of power, will have its grand opening on April 18, 2017.
“In the three years since our investment in RagingWire, we have been extremely pleased with the exceptional performance of the company and impressed with the leadership and execution of George Macricostas and the rest of the RagingWire team during this successful merger process,” said Tetsuya Shoji, President and CEO of NTT Communications. “RagingWire is strategically important to our ability to deliver global information and communications technology solutions. We are confident that Doug Adams and the RagingWire team will build on this legacy, delivering superior results and contributing significantly to the ongoing success of NTT Communications.”