Internap CEO: Not Shopping the Company

September 12th, 2011 by · Leave a Comment

There’s a Reuters piece out today quoting Internap’s CEO, Eric Cooney, that seeks to stamp out recent speculation that the company is for sale.  The proliferation of cloud/colocation purchases by large telcos has changed the face of the sector over the last three quarters, with carrier-neutral properties like Terremark and Savvis now carrier owned, though neutrally operated.

Internap’s position as a niche IP services and colocation provider is in many ways an ideal foundation for cloud services. Internap itself is moving in this direction, but many (including myself) have speculated that they might be next on the M&A menu. But Cooney throws a bit of cold water on that:

I am not shopping the company and we listen to any offers that come in and respond accordingly… At this stage the best value for our shareholders is to continue executing our organic growth plan.

Internap has been rebuilding itself, de-emphasizing its IP services unit and pouring capex into the expansion of its colocation footprint.  On the other hand, that doesn’t mean the right offer won’t come knocking at the door.

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Categories: Cloud Computing · Datacenter · Mergers and Acquisitions

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