Data Center Finance: IIX Announces Acquisition of Allegro Networks

International Internet Exchange announced in late October that it acquired Allegro Networks as well as a new platform to fully automate the buying and provisioning of networks.

IIX’s acquisition of Allegro is a major step in its effort to expand and grow its enterprise interconnectivity solutions. Al Burgio, founder and CEO of IIX, said that the deal will allow IIX to respond more effectively to the rapid adoption of enterprise cloud computing and rising demand for secure and flexible direct interconnections between providers and networks.

Allegro has been innovating the automation process with a platform it calls Snap. With the technology, organizations are able to purchase and provision virtual cross-connects, point-to-point circuits and peering interconnections in less than five minutes. The Snap technology is especially desirable because it eliminates the need to create direct networks, which can take weeks or even months.

Along with Allegro’s Snap technology, IIX is also gaining 34 network points of presence in the U.K. that will enable the company to support growing customer demands in the region. Allegro CTO Andy Davidson said that the deal will also be beneficial for its customers as well, providing them with improved access to global providers.

“This acquisition enables our customers to have direct access to additional leading content and application providers globally,” said Davidson. “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.”