Internap Acquires Voxel for $35,000,000

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=234739bb-85bf-4943-99d6-63b0de2a9fe2&Preview=1
Date
1/4/2012
Company Name
Voxel
Mailing Address
29 Broadway 30th Floor New York, NY 10006
Company Description
Voxel delivers high-performance Internet infrastructure that is scalable, fully supported and cost-effective. The company offers industry-leading hosting services via VoxSTRUCTURE, its open automation platform, and its unique Universal Transfer bandwidth aggregation model.
Website
http://www.voxel.net
Transaction Type
M&A
Transaction Amount
$35,000,000
Transaction Round
Proceeds Purposes
M&A Terms
The acquisition is an all cash transaction valued at approximately $30 million, plus an additional potential $5 million in cash tied to the delivery of specific objectives during the next two years.