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Web Hosting Provider Internap Acquires VitalStream |
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October 14, 2006 – (HOSTSEARCH.COM) – Web hosting provider Internap has acquired VitalStream, it was announced last Thursday. VitalStream is one of the world’s largest content delivery networks and the purchase price was put at $217 million. Internap furthers VitalStream’s “one-stop shop” for delivery, Flash hosting, and web hosting.
“I prefer to look at this as a mutually beneficial merger rather than an acquisition,” said VitalStream EVP of global sales and marketing Michel J. Maeso at the Streaming Media Europe show in London. “Internap gets not just VitalStream’s assets, but our talent, customers, and revenue flow. VitalStream gets Internap's vast resources, and they're a real complement to what we do.”
According to Maeso VitalStream had expansion plans before the acquisition and had filed an SEC registration statement for a common stock offering. “We just get where we wanted to go faster by joining with a company that is global, stable, well-respected, and cash-positive,” he added.
VitalStream’s brand will remain the same although it may change in the near future. “It’s going to take some time to integrate the two companies,” he said. “We’re definitely not going to be an island in the distance, but we will still have our autonomy.” |
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