Internap acquires cloud services provider Voxel

ATLANTA, USA: Internap Network Services Corporation, a provider of IT infrastructure services, announced that it has acquired Voxel Holdings Inc., a provider of hosting and cloud services, for approx $30 million, plus an additional potential $5 million in cash tied to the delivery of specific objectives during the next two years.

Head quartered 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. Moreover, the company, founded in 1999, provides on-demand hosting and cloud services to enterprises and web-centric businesses.

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Voxel will extend Internap's addressable market, enabling the company to serve early- to mid-stage IT Infrastructure customers seeking 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, 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."

By adding Voxel's service locations in Amsterdam and Singapore to Internap's existing service locations, the company will offer a platform of colocation, managed hosting, dedicated hosting and cloud services.

"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."