The interconnection business has been having a very dynamic year, and this morning we have a bit of inorganic activity. The software defined interconnection specialist IIX has announced the purchase of IX Reach, expanding its global interconnection footprint to some 150 PoPs worldwide.
IX Reach specializes in hooking up networks to existing peering exchanges, bundling the necessary connections for scale. They started out with the European hubs of London, Amsterdam, Frankfurt, and Paris, and have since been expanding their reach to North America, the Middle East and Asia. That extra reach will give IIX entry points into a wider array of internet exchanges, upon which they will surely build further.
This is IIX's second acquisition in the last six months. In October, they also made a move with the purchase of Allegro Networks, which not coincidentally was also based in the UK. Based in Santa Clara, it seems clear that IIX now has a substantial foothold across the Atlantic. Is some critical mass in the Far East next on the menu?
In an obviously related announcement, IIX also revealed some new financing this morning. They raised $20M in funding from TriplePoint Capital, which adds onto the $10.4M they raised last summer. While financial details of the deal for IX Reach were not given, I doubt IIX has used up all of that war chest all at once.