Cloud and colocation company INAP has sold its network business to network service provider Unitas Global - and will become a Unitas Global customer.
In the deal, Unitas will get INAP's routing software, known as Managed Internet Route Optimizer (MIRO). Unitas will combine this into its global network Unitas Reach, to make a single platform where customers can buy and design global networks. As a Unitas Global customer, INAP will bring its enterprise customers onto that platform.
The deal also includes the whole INAP Japan business.
Unitas Global's network base will be boosted with a thousand multinational enterprise customers, and a global network serving 18 markets. INAP will continue to offer connectivity services alongside its colocation and cloud solutions.
"We are thrilled to have completed the acquisition of INAP's Network Business and excited to welcome their customers, vendors and employees to the Unitas Global team," said Patrick Shutt, CEO of Unitas Global. His CTO Grant Kirkwood added: "This acquisition is the next step to become the market leader redefining an agile hybrid cloud for the enterprise."
“The transaction is a true win-win for everyone involved. Unitas Global will continue to provide the high-quality services that customers enjoy today while investing in new solutions to enable further network transformation tomorrow," said Mike Sicoli, CEO of INAP.
INAP offers services in more than 1 million square feet of data centers. In March 2020, it filed for bankruptcy, before restructuring and emerging with CFO Scioli promoted to CEO.
Since then the company has expanded its main Los Angeles data center by 1.8MW
INAP Japan was excluded from the 2020 bankruptcy, along with other non-US subsidiaries including iWeb in Canada. iWeb has since been sold to Leaseweb.
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