The Verio brand will be no more under the proposed merger with NTT America
NTT America and American cloud service provider Verio have announced a merger that will see the Verio brand absorbed into NTT America.
“Upon the merger, NTT America, the surviving company, will be taking over the whole existing services of Verio in the Cloud and Web hosting business domain,” the company said in prepared remarks.
“The intent of the merger is to maximize the competitiveness of NTT Com group’s cloud services within the rapid-changing business environment. NTT America and Verio will further improve the operational efficiency with the aim to strengthen cloud services for its enterprise customers.”
The move comes nearly fifteen years after NTT Com acquired Verio in an all-cash $5.5bn deal, a move aimed at leveraging expansion to the US in its dealings with large multinationals, which at the time were predominately in Asia.
At the time the acquisition was the subject of an investigation by the US government on national security grounds, but months after the initial deal was announced the Clinton-led government declined to intervene.
Over the past few years NTT Com has moved aggressively to bolster its cloud presence globally, with many of the NTT brands and sub-brands (DiData, Gyron, and Digital Port Asia) on hiring sprees. It also recently acquired e-shelter, a German hosting and cloud services provider.
Parallels Plesk Panel 11 has gained strong adoption since its launch 12 months ago. Superior user experience, best in class performance further enhanced with NGINX integration and cloud friendly cloning features make it the preferred choice for service providers looking for a professional grade cloud panel solution. Parallels Plesk Panel 11 is the fastest growing panel product in the company’s history.
Recently Verio, a subsidiary of NTT Communications and a leading provider of innovative online business solutions to SMBs worldwide, became a Parallels Platinum partner. As part of the partnership, Verio gained access to the broad portfolio of Parallels products, research, training and support which allowed the company to deliver greater value to partners and customers.
Verio took advantage of the cloud features of Parallels Plesk Panel 11 and added Parallels Plesk Panel to its cloud offering.
Yesterday Verio announced an impressive 102 percent growth quarter over quarter for Verio Cloud. This service takes full advantage of both the exceptional user experience of the Parallels Plesk Panel as well its cloud features.
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