The world of peering and interconnection saw a bit of M&A news today: IIX has acquired the UK-based Allegro Networks.
The deal gives IIX both a foothold in Europe and the automation platform Snap. Snap automates the purchasing and provisioning of virtual cross connects, point-to-point circuits, and peering interconnections. That's technology that seems to fit very well with the intended capabilities of IIX's Peering Cloud. IIX hopes to get past what it calls 'islands' of interconnection out there today, moving beyond even the distributed metro model of the European exchanges to something more global.
IIX was founded by a collection of industry veterans looking to change the way interconnections and peering are handled by the internet infrastructure space, and just this past summer raised $10.4M in Series A funding. That team will now be joined by talent from Allegro, including CTO Andy Davidson, who is now IIX's president of network engineering for Europe.
Financial terms were not disclosed.
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