Internap Completes Acquisition of VitalStream
Internap Network Services Corporation (NASDAQ: INAP), and VitalStream Holdings, Inc (NASDAQ: VSTH) today announced that each company's respective stockholders provided the approvals necessary to complete Internap's acquisition of VitalStream and that the transaction has been completed.
The acquisition will allow Internap to facilitate the accelerated growth of VitalStream's global platform, which enables the delivery of rich media and includes streaming audio and video services. The addition of VitalStream's content monetization and advertising solutions also enhances Internap's portfolio of IP and data center services and meets the increasing demands of businesses looking to transform Web-based content and assets into revenue.
"The completion of the transaction to acquire VitalStream marks yet another milestone in our disciplined approach to transform Internap and return value through both strategic and organic initiatives," said James P. DeBlasio, chief executive officer of Internap. "By replicating the VitalStream platform, we can extend our global reach and acquire new customers, particularly those that need streaming media services. Furthermore, Internap is positioned to offer our existing customers a more robust, integrated solution that no other company can."
