Wednesday, October 30, 2013

Internap to Acquire iWeb for $145 Million

Internap Network Services agreed to acquire hosting and cloud provider iWeb for approximately $145 million.

Montreal-based iWeb provides on-demand server and cloud infrastructure to over 10,000 customers.

The combination creates a top five pure-play IT infrastructure services provider, with trailing twelve months revenue in excess of $320 million. Headquartered in Montreal, Canada, iWeb serves 10,000 SMB customers in more than 100 countries and has approximately 200 employees.

Internap said iWeb’s dedicated and cloud hosting offerings complement its own portfolio of bare-metal and virtual cloud, managed hosting and colocation services while significantly expanding its addressable market to SMBs.

"iWeb fits perfectly into our strategy to deliver a comprehensive portfolio that can serve the needs of our customers at every stage of their business lifecycle, from an initial start-up wanting a single dedicated server to a scale-out Internet app provider or global enterprise requiring a hybrid solution across multiple data centers around the world,” said Eric Cooney, president and chief executive officer of Internap. "This combination represents a milestone in the transformation of Internap’s business to a leading IT infrastructure services provider that can deliver on customers’ complete range of IaaS demands."

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