NTT Communications has agreed to acquire Secure-24, a portfolio company of Pamlico Capital since September 2012.
Secure-24 provides managed IT operations, ERP application hosting and cloud computing services to mid-market and Fortune 1000 companies in the manufacturing, finance, pharmaceuticals, healthcare, insurance, government, and transportation sectors. The company was founded in 2001 and is based in Southfield, MI (www.secure-24.com).
According to NTT, 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 US market.
NTT Communications provides information and communications related consultancy, architecture, security and cloud services to consumers, corporations and governments. The company, headquartered in Tokyo, was founded in 1999 as a subsidiary of Nippon Telegraph and Telephone, the largest telecommunications company in Japan and one of the largest worldwide (www.ntt.com).
Pamlico Capital invests from $20 million to $100 million in companies with total enterprise values of between $50 million and $250 million. Sectors of interest include business and technology services, communications, and healthcare. Pamlico was founded in 1988 and is based in Charlotte (www.pamlicocapital.com).
© 2017 Private Equity Professional | November 15, 2017
