NTT Communications (NYSE: NTT) has reached a deal to acquire 70 percent of IT infrastructure and managed services company Frontline Systems Australia.
Financial details of the deal were not revealed.
Leveraging the assets it has in the Australian market, including its acquisition of the former Dimension Data, NTT Communications will integrate Frontline's server-based technologies with its network integration, software development and maintenance offerings to target new MNC deals. In addition, NTT will leverage Frontline's subsidiary Harbour MSP's data center technology to advance its cloud services drive.
Similar to its acquisitions of Dimension Data and Keane, the purchase of the Frontline stake is part of a broader plan NTT is taking to expand its offerings to address multinational corporations' network, infrastructure cloud services needs and increase revenue outside of its native Japan market.
- see the release
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