Internap Acquires Enterprise Hosting and Cloud Services Provider Voxel
Addition of dedicated hosting and automated provisioning capabilities results in
unmatched IT Infrastructure offering for enterprises
ATLANTA, Jan. 3, 2012 /PRNewswire via COMTEX/ -- Internap Network Services
Corporation (INAP), a provider of intelligent IT Infrastructure services, today
announced that it has acquired Voxel Holdings, Inc., a provider of scalable
hosting and cloud services for the enterprise, in an all cash transaction valued
at approximately $30 million, plus an additional potential $5 million in cash
tied to the delivery of specific objectives during the next two years. The
transaction was closed on Friday, December 30, 2011. Headquartered in New York
City, with a global presence extending into North America, Europe and Asia, Voxel
serves more than 1,000 customers and has approximately 50 employees.
The combination significantly enhances Internap's flexible IT Infrastructure
platform with the addition of Voxel's dedicated hosting and cloud products.
Voxel's offerings are highly complementary to Internap's existing portfolio and
provide a level of automation and self-service that will be available immediately
to Internap's customer base. Voxel also extends Internap's addressable market,
enabling the company to serve early- to mid-stage IT Infrastructure customers
seeking dedicated hosting services, a high-growth market currently estimated by
Tier1 Research to reach approximately $3 billion in 2012.
"As IT Infrastructure outsourcing advances, enterprises increasingly seek service
providers to support myriad applications and workloads throughout their entire IT
lifecycle," said Eric Cooney, president and chief executive officer of Internap.
"This acquisition of Voxel increases Internap's market share and growth rate,
accelerates our product roadmap and creates an unmatched competitive position as
an IT Infrastructure services provider."
Voxel provides on-demand dedicated hosting and cloud services to enterprises and
web-centric businesses. Founded in 1999, with strong roots in software
development, Voxel has leveraged deep industry expertise, modular components and
intelligent automation to overcome the complexities of both dedicated and cloud
environments and provide highly agile infrastructure management solutions. Its
dedicated hosting offering provides customers with a robust online interface and
comprehensive API that enables them to provision and activate services in
minutes, gaining cloud-like flexibility from dedicated physical servers.
Moreover, customers can also seamlessly integrate physical servers and cloud
instances in the same environment, overcoming a typical barrier to enterprise
cloud adoption for use with legacy or complex custom application stacks.
By adding Voxel's service locations in Amsterdam and Singapore to Internap's
existing service locations, the combined company will offer a truly global
platform of colocation, managed hosting, dedicated hosting and cloud services.
Additionally, Voxel's automation technologies and expertise will be leveraged to
enhance the existing Internap product set.
"We are excited to be joining Internap, a company that shares our commitment to
developing innovative IT Infrastructure solutions to drive the next generation of
Internet and cloud applications," said Raul K. Martynek, president and chief
executive officer of Voxel. "The combination of Internap's broad market presence
and robust, high-performance IT Infrastructure platform with our expertise in
automated hosting and cloud services will deliver a powerful option for a broad
range of enterprise customers."
Voxel was backed by Seaport Capital in New York. DH Capital served as financial
advisor for Voxel.
Internap will conduct a conference call to discuss the transaction today at 1
p.m. EST.
Conference Call Information:
Listeners may connect to a webcast of the call, which will include accompanying
presentation slides, on the investor services section of Internap's website at
ir.internap.com. The call can also be accessed by dialing
866-515-9839. An online archive of the webcast presentation will be available for
one month following the call. An audio-only replay will be accessible from
Tuesday, January 3, 2012, at 3 p.m. EST through Monday, January 9, 2012, at
855-859-2056 using the replay code 40213942.
About Internap
Internap provides intelligent IT Infrastructure services that combine unmatched
performance and platform flexibility to enable our customers to focus on their
core business, improve service levels and lower the cost of IT operations. Our
unique trio of route-optimized enterprise IP, TCP acceleration and a global
content delivery network improves website performance and delivers superior
end-user experiences. Our scalable colocation, managed hosting, private cloud,
public cloud and hybrid offerings provide enterprises the flexibility to adapt to
changing business needs and future-proof their IT Infrastructure. Since 1996,
thousands of companies have entrusted Internap with the protection and delivery
of their online applications. Transform your IT Infrastructure into a competitive
advantage with IT IQ from Internap. For more information, visit
internap.com, our blog at internap.com or follow us on
Twitter at twitter.com.
About Voxel
Voxel is a leading provider of cloud and hybrid hosting solutions. With hosting
facilities around the world, Voxel provides the industry's only truly hybrid
infrastructure solution, allowing clients to seamlessly mix and match dedicated
VoxSERVERS, virtual VoxCLOUD servers and scalable storage across their
deployment. All Voxel services are backed by a 100% uptime SLA and 24x7x365 "Zero
Bureaucracy" support. Please visit: voxel.net for more information. |
