SOUTHFIELD — Secure-24 — formally, Secure-24 Intermediate Holdings Inc. — is being purchased by a Japanese telecommunications giant.
The buyer of Secure-24, a provider of a wide range of managed IT services, is NTT Communications Corp., the communications division of Tokyo-based NTT Group, the Nippon Telegraph and Telephone Corp. NTT is the world’s fourth largest telephone operating company by total revenue, $94.2 billion.
Terms of the transaction were not disclosed.
Secure-24 has enjoyed sharp growth since its founding in 2001, managing applications for clients, including SAP, Oracle E-Business Suite, PeopleSoft, JD Edwards and Hyperion for companies in many industry sectors. The company has more than 600 employees, most in offices in Southfield and Hyderabad, India.
The company established an in-house training academy that builds engineers from a mid-to-long-term perspective. In addition to more than 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.
“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.