NTT Europe is capitalizing on the growing opportunities for cloud and managed services in the Nordic countries by opening an office in Stockholm to target customer opportunities in Scandinavia.
What's making the service provider confident about the region is the fact that it has a strong set of global manufacturing and service companies that would be a good fit for managed services, including Global Private WAN, Tier 1 IP transit and, of course, cloud services.
NTT's regional director for Northern Europe, Bob Welton, said a key point of the expansion is to target Nordic enterprise customers looking to extend their presence to other regions.
"NTT Com is talking to organizations which are local to the Nordic countries but are expanding their global operations," he said.
To target new opportunities in the Nordic region, NTT will work with its subsidiary Secode, a provider of managed security and security consulting services. This partnership not only gives NTT Europe an established foundation for the Nordic operations, but it will also enable Secode to extend its services to a host of new global markets via NTT's reach.
Over the past year, NTT has established points of presence in four major European hubs, including Amsterdam, and three Eastern European cities: Budapest, Bucharest and Sofia.
Expanding operations in Europe and other regions has been a growing trend for the service provider, and part of a broader effort to consolidate its Western Europe presence and expand further into Central and Eastern Europe.
The timing for NTT Europe's managed service expansion couldn't be better. According to an Insight Research report, global spending on managed services will grow at an annual compounded rate of 14.7 percent over the next four years.
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