IT infrastructure solutions provider Internap this morning announced its acquisition of privately-held Voxel, an enterprise hosting and cloud services company based in NYC, for $30 million in cash. Under the terms of the deal, an additional $5 million in cash could be put on the table over the next two years, subject to certain performance-based criteria.
Founded in 1999 in founder Raj Dutt’s dorm room, the company provides on-demand dedicated hosting and cloud services to enterprises and Web-centric businesses.
Voxel says it currently serves more than 1,000 customers and has approximately 50 employees.
The company was backed by NYC-based private equity firm Seaport Capital.
By adding Voxel’s service locations in Amsterdam and Singapore to Internap’s existing service locations, the combined company aims to offer colocation, managed hosting, dedicated hosting and cloud services to customers around the world. Internap says it will also leverage Voxel’s automation technologies and expertise to enhance existing products.
Voxel dot Net delivers high-performance on-demand managed hosting infrastructure services over its own global IP network and fully-integrated performance-tuned content delivery network (CDN). With nearly 10 years of deep experience in managed hosting, Voxel powers web-based operations from entrepreneurial start-ups to large international corporations.
Internap provides performance-optimized IT infrastructure services including colocation, high-speed connectivity, Content Delivery Network (CDN) and cloud, dedicated and managed hosting solutions. Internap has approximately 2,900 customers globally and has been in business for 17 years.