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Centerstance Signs Acquisition Agreement With 29th Largest Company in the World, NTT

PORTLAND, OR -- (Marketwire) -- 11/06/12 -- Centerstance, a consulting company specializing in cloud-enabled business transformation solutions, announced today it has been acquired by NTT, the world's largest global IT and telecommunications services company. The $130 billion company based out of Japan, ranks 29th in Fortune's Global 500 list. The company will be renamed as NTT Centerstance, Inc. and will remain a wholly owned subsidiary of NTT.

As one of only a few Salesforce.com Platinum partners in the US, Centerstance is a fast-growing consulting company specializing in helping companies identify and move key business processes to the Cloud leveraging the Salesforce.com platform. Centerstance has completed over 2000 deployments for clients of all sizes since their inception in 2003, from small businesses to Fortune 500 companies.

Centerstance and NTT Group companies will work in tandem to offer the global market a single partner across the entire Cloud Computing landscape, from strategy to implementation and management.

"The acquisition accelerates our strategy to become the largest provider of high quality cloud based business solutions in the market," states Nick Yarymovych, Senior Vice President of Global Consulting and Operations.

"This business combination positions us to extend our reach to emerging markets, globally scale our high impact consulting team, while maintaining our optimized methodology and focus on solving customer business process challenges with cloud technologies. Recent conversations with our customers and partners over the last weeks indicate they are thrilled about the combined company and welcome the enhanced value."

With a strategic focus on Cloud computing, NTT has increased its level of investment in cloud-related innovations through group companies Dimension Data, NTT Communications and NTT DATA to provide clients solutions spanning a variety of cloud service and delivery models. Today, its extensive portfolio of Cloud solutions is enabled by capabilities that span the full applications lifecycle and managed infrastructure services leveraging one of the world's largest IP backbones and a network of over 200 data centers.

NTT (Nippon Telegraph and Telephone Corporation) is the world's largest global IT and telecommunications services company and is ranked 29th on Fortune's Global 500 list. The company's roots go back over 100 years to the introduction of the telegraph in Japan and focuses today on innovation in the cloud, mobility, network and communications. The company had operating revenues of US $130 billion for the fiscal year ended March 31, 2011 and employs 224,250 people worldwide. The company's subsidiaries include Regional Communications Businesses: NTT EAST, NTT WEST, Mobile Communications Businesses: NTT DOCOMO, Long-Distance and International Communication Businesses: NTT Communications and Dimension Data, and Data Communication Businesses: NTT DATA. For more information, visit www.ntt.co.jp

Centerstance is a consulting company specializing in business transformation through process improvement and application of cloud technologies. Unlike traditional system integrators or classic management consultants, their experts are firmly rooted in both worlds, enabling them to deliver optimal business solutions for their clients. Centerstance holds the unique designation of being one of only a few US Salesforce.com Platinum Cloud Alliance Partners, was recently recognized as one of SPI Research's "Best of the Best" professional services firms, and was named in Inc.'s Fastest Growing Private Companies three years running. For more information, visit www.centerstance.com.

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