NTT Communications to Acquire Secure-24, Leading Provider of Managed Services in U.S.
NTT Communications Corporation (NTT Com), the ICT solutions and international communications business within the NTT Group (TOKYO:9432), and Secure-24 Intermediate Holdings, Inc. (Secure-24), a U.S.-based leading provider of comprehensive managed services, announced today that their respective shareholders entered into a definitive agreement on November 13 (Japan Standard Time), pursuant to which NTT Com will wholly acquire Secure-24.
The demand for managed services is growing steadily worldwide and managed-IT services, one of Secure-24’s core businesses, are expected to see especially significant growth in the U.S. market.
Secure-24 specializes in delivering effective, comprehensive managed services that leverage proprietary, highly automated operation tools. Its clients represent Fortune 1000 companies in sectors including manufacturing, finance, pharmaceuticals, healthcare, insurance, government, transportation and more.
NTT Com will leverage Secure-24’s extensive portfolio of managed application and database services, including SAP, SAP HANA, Oracle, Hyperion, JD Edwards, Microsoft, Epic, custom, industry and other mission-critical applications.
Secure-24 is structured for continued growth, fueled by an in-house training academy that builds engineers from a mid-to-long-term perspective. In addition to over 100 industry and partner awards and acknowledgements, Secure-24 has been named one of Computerworld’s 100 Best Places to Work in IT for five consecutive years.
NTT Com and NTT Group companies including Dimension Data expect to combine Secure-24 services with NTT Group capabilities such as cloud to enhance their ability to meet hybrid IT requirements with high-quality managed services that are increasingly in demand worldwide.
“This acquisition brings the unparalleled service levels, application expertise, security and compliance support of Secure-24 to the global NTT community,” said Mike Jennings, CEO of Secure-24.
Going forward, NTT Com will continue supporting the business transformation of customers by steadily enhancing its IT functions and systems, including for evolving applications on cloud platforms, and thereby satisfy expanding needs for diverse, global managed services.
Pamlico Capital is a private equity firm founded in 1988 that invests in growing middle market companies in North America. Pamlico Capital seeks control-oriented growth equity investments of up to $200 million alongside founders and proven leaders in its target industries: communications, healthcare, services and software. The firm, based in Charlotte, NC, has assets under management of approximately $4 billion. For additional information, please visit www.pamlicocapital.com.