MOUNTAIN VIEW, CA and MANCHESTER, UNITED KINGDOM–(Marketwired – October 22, 2014) – IIX Inc., a leading provider of direct interconnection solutions, today announced that it has acquired Allegro Networks.
The acquisition of this innovative UK-based software and interconnection company is a significant milestone in IIX’s strategy to bring simple, global network interconnectivity to enterprises.
With this acquisition, IIX gains Allegro’s pioneering automation platform, Snap, which provides organizations with the new and unique capability to purchase and provision virtual cross connects, point-to-point circuits, and peering interconnections in minutes. A first-of-its kind automation platform, Snap eliminates the manual and laborious process of creating direct network interconnections across multiple markets that can take weeks and often months. Using a laptop, tablet or mobile device, customers can log on to a secure portal and buy and provision connections to the content providers, cloud providers, and other trading partners that are key to their business — in under five minutes.
“Enterprises are rapidly adopting cloud computing solutions, driving the demand for scalable, secure, and flexible direct interconnections to content, cloud, and application providers and other enterprise networks. With the acquisition of Allegro, IIX gains top engineering talent, innovative technology, and 34 network Points of Presence (PoPs) in the UK to support growing customer demand,” said Al Burgio, founder and CEO of IIX.
IIX also announced that Andy Davidson, Allegro’s Chief Technology Officer, has been appointed IIX’s Vice President of Network Engineering, Europe. As CTO, Andy led Allegro’s technical strategy and the development of the company’s new-generation automation platform. A veteran in the Internet Exchange Point (IXP) sector, he is highly regarded as an authority on peering and interconnection within the Internet community, and is chairman of two UK internet exchange points, LONAP and IXLeeds.
“IIX is at the forefront of next-generation direct interconnection for enterprises worldwide. This acquisition enables our customers to have direct access to additional leading content and application providers globally. Our two organizations share the same philosophy, believing that the ability to provision scalable, reliable, and secure interconnects will power new innovation for the benefit of online users,” said Davidson.
The financial terms of the acquisition agreement were not disclosed.
IIX is a global interconnection and software solutions provider. The IIX PeeringCloud™ is a robust solution that enables IIX customers to connect to leading Internet Exchange Points (IXPs) via a single interconnection from anywhere in the world. IIX’s solutions allow customers to gain more control, improve security, reduce costs associated with IP transit delivery, optimize network performance, and extend reach across the globe. IIX customers include content providers, data center providers, Internet Service Providers (ISPs), carriers, and other enterprises globally. Headquartered in Silicon Valley, California, IIX is privately held and backed by New Enterprise Associates (NEA). To learn more, visit www.iix.net.
About Allegro Networks
Allegro Networks is a UK-based software and interconnection company that delivers fast, secure, and highly reliable connectivity to those organizations that are reliant on permanent uptime across their network. The company has a national UK network footprint which consists of 34 PoPs, including 23 On-Net data centers. With a mission to stretch the limits of what is considered possible in the interconnection industry, its pioneering online management platform, Snap, gives customers the ability to purchase and provision circuits and interconnects within minutes. To learn more, visit http://www.allegro.net
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