Internap Network Services, a provider of intelligent IT Infrastructure services, has announced that it has acquired Voxel Holdings, a provider of scalable hosting and cloud services for the enterprise, in an all cash transaction valued at approximately US$30 million, plus an additional potential US$5 million in cash tied to the delivery of specific objectives during the next two years. Headquartered 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.
The combination significantly enhances Internap's flexible IT Infrastructure platform with the addition of Voxel's dedicated hosting and cloud products. Voxel's offerings are highly complementary to Internap's existing portfolio and provide a level of automation and self-service that will be available immediately to Internap's customer base. Voxel also extends Internap's addressable market, enabling the company to serve early- to mid-stage IT Infrastructure customers seeking dedicated hosting services, a high-growth market currently estimated by Tier1 Research to reach approximately $3 billionin 2012.