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.
For additional details on the acquisition, please read the press release.