Internap CEO: We're Not For Sale

As cloud deals proliferate, CEO Eric Cooney of Internap (INAP) looked to squash speculation that the company was an acquisition prospect.

It's been a busy year for deal activity in the data center sector, with Terremark, NaviSite and Savvis getting snapped up by larger companies in search of cloud computing capabilities. Analysts believe there's more M&A action ahead, as larger telcos and IT outsourcers seek to boost their cloud offerings.

One of the companies that has been mentioned often is Internap, which has forged a comeback over the past several years as it focused on beefing up its colocation services. The company has expanded its data center space (most recently in Los Angeles, Dallas and Boston.

In an interview this week with Reuters, Internap CEO Eric Cooney looked to squash speculation that the company was an acquisition prospect.

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

For more, read the Reuters story.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish