Internap Completes VitalStream Deal

Internap Network Services (INAP) said today that its acquisition of VitalStream has been completed, with shareholders from both companies approving the $217 million deal. The acquisition boosts Internap’s position in the fast-growing world of Internet video and streaming media.

“The completion of the transaction to acquire VitalStream marks yet another milestone in our disciplined approach to transform Internap and return value through both strategic and organic initiatives,” said James P. DeBlasio, chief executive officer of Internap. “By replicating the VitalStream platform, we can extend our global reach and acquire new customers, particularly those that need streaming media services. Furthermore, Internap is positioned to offer our existing customers a more robust, integrated solution that no other company can.”

Internap now has approximately 450 employees, including a direct sales team of 135 with experience re-selling CDN and streaming media services.

About the Author

Rich Miller is the founder and editor at large of Data Center Knowledge, and has been reporting on the data center sector since 2000. He has tracked the growing impact of high-density computing on the power and cooling of data centers, and the resulting push for improved energy efficiency in these facilities.