Roundup: Fortress, Internap, Calix
Fortress International books $4 million in projects, Internap will optimize routing for Digital Sports Video, Calix acquires Occam Networks for $171 million.
September 17, 2010
Here’s a roundup of this week’s headlines from the data center and hosting industry:
Fortress books projects worth $4.1 million. Fortress International Group (FIGI) announced that it has booked approximately $4.1 million in recurring revenue for facilities management work during July and August 2010, consisting of both new contracts and follow-on orders from existing customers. New projects include two deals to commission and maintain containerized data center modules, a data center electrical upgrade, and services and upgrades for HVAC, electrical and telecommunications systems. "This work is less dependent on capital budgets than construction management and technology consulting projects, and it provides an increasingly predictable revenue stream for our business," said Thomas Rosato, CEO of Fortress. "We are pleased that government agencies such as the Department of Justice and National Institutes of Health, as well as leading private sector companies such as Dell, Capgemini, Lockheed Martin and Baxter Bio Sciences continue to recognize the expertise and professionalism for which Fortress is known."
Internap selected by Digital Sports Video. Internap (INAP) announced that Digital Sports Video (DSV), a provider of sports video scouting and editing software, has selected Internap's route-optimized CDN to ensure the reliable, high-performance delivery of sports video footage to its customer base of more than 4,500 customers. “For Internet-based companies like DSV, having optimal network performance and reliability across the country is important for delivering the best possible user experience, which is key to their business,” said Scott Hrastar, senior vice president of IP Services at Internap. “Our patented MIRO technology and global CDN allows DSV to focus on more strategic initiatives like product development, knowing that their customers will connect seamlessly, regardless of where their school may be.”
Calix acquires Occam Networks. Calix (CALX) and Occam Networks (OCNW) announced that the companies have entered into a definitive agreement for Calix to acquire Occam Networks in a stock and cash transaction valued at approximately $171 million. "By combining Occam Networks' expertise in IP and Ethernet, Calix's strength in fiber access, and both companies' experience in copper access, we believe there is a clear opportunity to further enhance the Calix Unified Access portfolio, accelerate its future innovation, and enable greater broadband deployment by communications service providers globally," said Carl Russo, president and CEO of Calix. Occam CEO Bob Howard-Anderson issued this announcement to all customers on Thursday. The acquisition is expected to close in the fourth quarter of 2010 or first quarter of 2011 and is subject to Occam Networks stockholder approval.
About the Author
You May Also Like