Data Center News

Second Bankruptcy Filing by INAP Since 2020

INAP has once again filed for bankruptcy. This week, the company voluntarily filed for Chapter 11 as part of its debt restructuring statement. The company stated that INAP has freely filed motions under Chapter 11 of the US Bankruptcy Code in the US Bankruptcy Court for the District of Delawa...

May 03, 2023

HorizonIQ

Mainova Ventures into Data Centers With 30MW Facility in Frankfurt

German energy company Mainova is moving into the data center business. The company broke ground on the new facility in Frankfurt, Germany. Mainova WebHouse, a subsidiary of the energy company, announced that a groundbreaking ceremony for the facility took place earlier in the month. The new...

October 27, 2022

Frankfurt

Frankfurt: Plans for environmental data center zoning updated

Frankfurt recently announced an updated plan for commercial developments in the city, which will place a limitation on cloud and colocation data center buildings. This comes as a response to concerns around their land and energy usage. Alongside this announcement, the city also outlined its in...

August 08, 2022

Frankfurt

Alibaba Opens Data Center in Frankfurt, Germany

Alibaba has announced that it opened a data center in Frankfurt, Germany. The new data center is the company’s third facility in the country. According to the company, the new data center will help support the increasing needs for digital transformation from customers across the European conti...

May 17, 2022

Frankfurt

INAP Sells Its Network Business To Unitas Global

Unitas Global has bought INAP’s network business. By so doing, INAP will now become Unitas Global’s customer. Per the agreement, Unitas will take over INAP’s routing software called Managed Internet Route Optimizer (MIRO). MIRO will be integrated into Unitas’ global network Unitas Reach. Th...

May 10, 2022

HorizonIQ

Frankfurt to restrict and regulate data centers

Frankfurt has proposed a development plan to regulate data centers in the area. The plan, it says, will prevent the “uncontrolled growth” of data centers. The city is the hub of the data center industry in Germany, and one of the four largest hubs in Europe, taking up 64 hectares (640,000 sqm...

May 14, 2021

Frankfurt

Netrality Acquired INAP's Houston Data Center

Netrality has announced that the company has acquired the Internap Holding (“INAP”) data center in Houston. The facility is located in 1301 Fannin, Houston's carrier hotel. The deal seems to work for both sides. Netrality gets more colocation space to sell in their marquee building and INAP ge...

June 03, 2020

1301 Fannin - Netrality Houston

Internap Emerges from Bankruptcy

Internap (INAP) has completed a financial restructuring and emerged from bankruptcy. On March 16, Internap filed for Chapter 11 bankruptcy to strengthen its capital structure. INAP negotiated a “prepackaged” bankruptcy with its lenders: Completed the reorganization in just seven weeks It emerg...

May 11, 2020

HorizonIQ

Internap files for Bankruptcy

Internap Corporation (INAP) has filed for bankruptcy along with all its US subsidiaries. The company’s reorganization plan anticipates INAP will emerge as a private company with an improved financial position. Read More: Internap Press Release INAP files for bankruptcy, along with US subs...

March 16, 2020

HorizonIQ

INAP to Acquire SingleHop

Timing of this announcement coincides with top line turnaround progress for INAP standalone: 4Q 2017 revenue outlook up to $70M Strategic combination increases product differentiation through advanced automation Expansion facilitates business and enterprise sales across INAP’s major markets ...

January 29, 2018

HorizonIQ

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