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20 Jul 2006: Verio Europe to be renamed NTT Europe Online

Verio Europe to be Renamed NTT Europe Online to Reflect Changing Strategic Focus

Verio Europe B.V., a wholly owned subsidiary of NTT Communications Corporation (NTT Com), today announced that the company will be renamed to NTT Europe Online B.V., in recognition of the changing focus of the company's business.

Verio Europe has implemented a programme of continuous development and investment in recent years, including the expansion of its product portfolio and enhancements to its service delivery and support processes. This has enabled the company to strengthen its focus on the design, delivery and management of business-critical Internet infrastructures and managed hosting for online solutions, moving away from its origins as a shared hosting provider.

"The last few years have been a period of great growth for the business," states Kazuhiro Nishihata, President of Verio Europe. "Our focus on solution led services, partner development and service delivery means that we are now frequently challenging the market leaders in the managed hosting space, providing business critical services to global organisations across a range of vertical markets. The name change is in recognition of our continuing growth within this industry."

NTT Com was recently included in the challenger quadrant of the Gartner Magic Quadrant for pan-European Web Hosting, further substantiating the company's progression in the market. The Gartner report evaluates a company's ability to execute its services and the completeness of its strategic vision. 

The name change will come into effect in October 2006 and the company has already started managing the change process.

Click here to read the Gartner report in full.

Magic Quadrant for Pan-European Web Hosting, Gartner, 30 May 2006 GJ06316

The Magic Quadrant is copyrighted 30 May 2006 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.