September 9, 2003 — (WEB HOST INDUSTRY REVIEW) — Internap Network Services Corporation (internap.com), a provider of IP network services and routing products, announced yesterday it has reached a definitive agreement to acquire netVmg (netvmg.com), a supplier of route control products.
Terms of the transaction were not disclosed.
Internap said the acquisition will give customers greater control and performance across their entire IP network and extend geographical reach to international markets.
“With this acquisition, the edge appliance route control space will have a provider with a proven track record for vision in product development and leadership,” said Dave Abrahamson, vice-president of sales and marketing for Internap. “Customers can feel confident their edge route control provider will be with them for both ongoing support and as a partner in delivering leading-edge intelligent route control services.”
The company reported that several companies have signed on in anticipation of Internap?s acquisition of netVmg. Other recent contract wins include RackMy.com, PAJO Tech, and Mentor Graphics, the firm said.
“This is a significant advancement in the evolution of Internap’s service offerings and how our enterprise customers utilize the Internet to conduct business,” said Greg Peters, president and chief executive officer of Internap. “The acquisition will solidify Internap’s leadership role in network and premises based premium connectivity for facilitating businesses’ migration from traditional data networks to the Internet.”
