The deal continues NVP’s slew of successful exits this year, which includes three IPOs in the past five months.
One of those, digital voucher marketplace RetailMeNot, raised $191m by listing on the Nasdaq exchange in July, and saw its shares soar more than 30 per cent after the opening bell.
The exits, which also include the sales of 41st Parameter, ScaleIO, Passif Semiconductor and Shriram City Union Finance, had a combined transaction value of $8bn.
NVP general partner Vab Goel, who was the founding investor in Virtela, said, “We founded and incubated Virtela to help companies break free from the constraints of traditional network architectures and services.
“By combining Virtela’s approach with the reach and resources of NTT, we have the opportunity to provide a new global networking standard that is configurable, agile and can flex at the pace of today’s business.”
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