Internet protocol
The deal between the Atlanta and Fremont, Calif., companies should close later this month. Financial terms were not disclosed, however equity, not cash, was used to buy privately held netVmg.
The acquisition of a firm whose gear sits in customers’ data centers and directs traffic around network congestion lets Internap offer end-to-end services.
It also expands its geographic reach in North America and abroad, a strategy the company has been pursuing in recent months via partnerships with fiber-optic network operators.
In anticipation of the deal, a number of new customers have already signed on, including Storage Continuity, a Cleveland provider of outsourced enterprise storage, Internap said.
Internap also gains current netVmg customers including: Ventures Online, nVIDIA, ProQuest, Charles Schwab, ADP, hotjobs, Safeway, Arizona Department of Commerce, NOBELcom.com, collegeboard.com and ONWARD. UPWARD.
“The acquisition will solidify Internap’s leadership role in network and premises based premium connectivity for facilitating businesses’ migration from traditional data networks to the Internet,” Greg Peters, Internap’s president and CEO, said in a statement.
An Internap spokesman was not immediately available to comment on the future of netVmg’s management team and workforce.
Internap’s direct sales force and its indirect distribution channels will market the complete netVmg Flow Control Platform (FCP) product line.
