Squire Sanders and White & Case have advised Japan’s NTT Communications Corp on its acquisition of two U.S. cloud computing firms for 85.5 billion yen ($880 million).
Squire Sanders advised NTT Communications on its $525 million acquisition of Denver-based Virtela Technology Services Inc, while White & Case represented the Japanese firm on its $350 million purchase of an 80 percent in California-headquartered RagingWire Data Centers.
Virtela provides services to corporate clients in more than 190 countries through local partnerships. It will become a wholly owned subsidiary of the Japanese company, helping it to offer data services globally without licensing cables and lines in individual markets.
Tokyo managing partner Ken Kurosu led the Squire Sanders team on the Virtela deal, with support from Washington DC-based partners Carl Draucker, Barry Pupkin and Bruce Olcott.
NTT Communications, which has data centers in Hong Kong and Britain, will expand those operations in the U.S. with the investment in RagingWire.
The White & Case team was led by Tokyo partner Brian Strawn, with assistance from partners Eric Hwang (Silicon Valley), Richard Burke (Washington DC), and David Dreier and Mark Hamilton (New York).
Denver-headquartered firm Holland & Hart advised RagingWire.
NTT Communications aims to boost revenues from cloud services above 200 billion yen by the year to March 2016, more than double the figure for 2011-2012, as it faces declining revenue from voice services, Reuters reported.
Kanishk Verghese is North Asia journalist at ALB. Follow us on Twitter: @ALB_Magazine.