Internap Network Services Corporation today announced plans to acquire Montreal-based hosting and cloud provider iWeb in a deal valued at approximately $145 million.
Headquartered in Montreal, iWeb serves 10,000 SMB customers in more than 100 countries and has approximately 200 employees.
The combined entity creates a top five pure-play IT infrastructure services provider, with trailing twelve months revenue in excess of $320 million.
"iWeb fits perfectly into our strategy to deliver a comprehensive portfolio that can serve the needs of our customers at every stage of their business lifecycle, from an initial start-up wanting a single dedicated server to a scale-out Internet app provider or global enterprise requiring a hybrid solution across multiple data centers around the world," said Eric Cooney, president and chief executive officer of Internap.
"This combination represents a milestone in the transformation of Internap's business to a leading IT infrastructure services provider that can deliver on customers' complete range of IaaS demands."