The Technology team advised SingleHop in its definitive agreement to be acquired by Internap Corporation (INAP) for $132 million in cash. The transaction is expected to close before the end of the first quarter 2018, subject to customary closing conditions.
SingleHop is a recognized leader in the managed hosting and infrastructure as a service (IaaS) business segment, offering highly automated and on-demand IT infrastructure. SingleHop’s enterprise and business customers will benefit from INAP’s North American and global presence, providing a significantly more expansive integrated footprint.
Internap Corporation (NASDAQ:INAP) is a leading provider of high-performance data center services including colocation, managed hosting, cloud and network services.
SingleHop, a leading global provider of hosted IT infrastructure and cloud computing, brings together a unique combination of enterprise-class technologies from industry-leading vendors and a proprietary automation engine to deliver a customized cloud infrastructure experience for enterprises of all sizes.
The Goodwin cross disciplinary team was led by partner John Mutkoski and included partner Janet Andolina.
For additional details on the acquisition, please read the press release.