Concentric to Acquire InterNex
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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."