April 7, 2015
IIX, which provides software-defined interconnections between networks, said Tuesday it acquired IX Reach, a global network solutions provider and partner to leading Internet Exchange Points around the world.
The deal, closed last week, brings Console Inc. to 150 points of presence across North America, Europe, the Middle East and Asia -- IIX's 50 plus IX Reach's 100. The deal also extends IIX's software-defined network interconnection platform into more markets worldwide.
IIX uses its software platform to provide direct network connections between content providers, cloud application providers, enterprises and communications service providers.
The deal extends IIX's network footprint, and also extends the reach of IIX's network interconnect software platform, says CEO Al Burgio. "Coming together allows us to instantly achieve what would have taken us a couple of years to get to -- 150 points of presence," Burgio says. "We will inject our software platform to a much larger universe."
In addition to IX Reach's network, IIX also gets access to IX Reach's customers and partners, Burgio says, noting that when Google launched an interconnect service in November to bring enterprise customers closer to Google's cloud platform, it chose IX Reach as one of its few partners. (See Google Teams With Carriers for Cloud Interconnect.)
As part of the deal, Stephen Wilcox, IX Reach's founder and CEO, becomes IIX's president of EMEA and chief of global networks. Wilcox founded IX Reach in 2007; IIX is the younger company, founded in 2011.
The combined company will have just under 100 employees, with five offices in four countries: Manchester and London, UK; Toronto, Canada; Brisbane Australia; and headquarters in Santa Clara, Calif.
Terms of the deal were not disclosed.
IIX also announced $20 million in non-equity funding from TriplePoint Capital. Previously, in July, the company announced $10.4 million Series A equity funding from New Enterprise Associates (NEA) . Total funding is $40 million. IIX expects a Series B round in a few months.
Want to know more about SDN? This will be just one of the many topics covered at Light Reading's second Big Telecom Event on June 9-10 in Chicago. Get yourself registered today or get left behind! Some of the TriplePoint funding will be used to pay for the IX Reach acquisition, but the vast majority is earmarked for organic network expansion, Burgio says. IIX has been busy lately. Last week the company introduced an open source router to help companies migrate to the cloud. (See Open Source 'CloudRouter' Aims to Simplify Cloud Migration.) And IIX technologists helped the OpenDaylight Project identify and patch a security vulnerability that had gone unfixed four months after it was detected. Those same technologists helped OpenDaylight established a security procedure to prevent similar-scale problems from happening again. (See OpenDaylight Patches 'Serious Vulnerability' – After Four Months and OpenDaylight Looks to Get Ahead on Security.) — Mitch Wagner, , West Coast Bureau Chief, Light Reading. Got a tip about SDN or NFV? Send it to [email protected].
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