There was some interesting M&A in the managed network services business this morning. Unitas Global has announced the acquisition of INAP’s Network business assets, expanding its own portfolio while expanding its customer list.
INAP’s network business was built around its intelligent routing platform, with which it serves premium blends of IP transit for customers, especially within its own colo and cloud connectivity ecosystem. The deal adds more than a thousand enterprise customers to Unitas Global’s rolls and brings INAP itself on boad as a strategic customer.
No doubt there will be some additional opportunity for Unitas Global’s enterprise cloud connectivity services from within that customer base. We had Unitas Global CTO Grank Kirkwood here last September for a Q&A in which he talked about the company’s platform in the context of future M&A possibilities like this one.
INAP itself will continue on with its colo, bare meta, cloud, and other infrastructure offerings. However, one must wonder if they have similar plans to monetize that side of things as well given how hot the colo side of things remains.
Financial terms were not disclosed, though I’m sure we will hear a bit more through the grapevine eventually.
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