RealTime IT News

Concentric to Acquire InterNex

Concentric Network Corp. announced today it will acquire Santa Clara, CA-based InterNex Information Services, Inc. for $15.5 million in cash.

Concentric said it plans to combine InterNex's public peering arrangements with its dedicated private peering and transit connections to high volume network providers. InterNex is a provider of hosting and dedicated access services.

"Our acquisition of InterNex will strengthen our position as a leading national provider of Internet and IP network services to the enterprise marketplace," said Henry R. Nothhaft, president and chief executive officer of Concentric Network.

"In particular, InterNex brings depth to our Web hosting and high-speed dedicated access product lines, a base of close to 1,000 business customers, and engineering and development expertise."

Under the acquisition, Concentric said it will gain the infrastructure and available capacity of InterNex data centers in Santa Clara, San Francisco, Los Angeles, Chicago, and Washington, D.C., in addition to the company's hosting facilities in Stockholm, Tokyo and Hong Kong.