Internap Unveils First Open Source Infrastructure Cloud Platform

Internap Unveils First Open Source Infrastructure Cloud Platform

By Kiril Kirilov of CloudTweaks

Atlanta-based company Internap unveiled the first open source infrastructure cloud platform called Internap XIPCloud Storage, the company said. The service is still in its beta stage but is expected to be available to the general public very soon.

Scott Hrastar Senior VP Technology Internap

“Internap XIPCloud Storage takes our performance offering to the next level. We can now deliver reliable, scalable storage that can be provisioned in an instant, operating at the speed of business. Our public cloud storage service will leverage the proven benefits of the OpenStack platform combined with our own global footprint and high-performance connectivity,”

Scott Hrastar, senior VP of technology at Internap, said in a press release.

Internap managed to become the first organization outside NASA ande Rackspace to offer a service based on the OpenStack platform. The platform was released half a year ago by NASA and Rackspace which joined efforts to build a new platform utilizing NASA’s Nova compute engine and fabric controller and Rackspace’s Swift, an object storage platform.

“Internap’s adoption of OpenStack Object Storage is a key win for the community and brings OpenStack one step closer to becoming the de-facto industry standard. The vision of federation across public clouds, enabled by a common platform, will give cloud providers running OpenStack a competitive advantage and greatly benefit the end users of cloud computing by ending cloud lock- in,”

Jonathan Bryce, chairman of the OpenStack Project Oversight Committee.

As a matter of fact, Internap did not participate in development of OpenStack, however, intends to take part in the project in the future. At present, Internap’s service offers a Swift-based service including support for large objects thanks to the Bexar version of Swift. The initial version of OpenStack was called Austin and was released this past fall.

The official release of Internap’s service will offer customers ability to handle objects larger than 5GB in addition to existing services like managed hosting, co-location, content delivery network, and internet connectivity services.

Internap share price movement (last 3 months). Source: Google Finance

The news may boost company’s performance after it reported worse than expected financial results in the third quarter of last year. Revenues slipped to USD 60.3 million compared to USD 64.4 million in the same quarter of 2009, and new USD 80 million credit facility was announced. The company extended borrowing capacity by USD 45 million over previous facility in Q3 2010.

The company posted GAAP net loss was of USD 1.7)million, or USD 0.03 per share, compared with GAAP net loss of USD 2.0 million, or USD 0.04 per share, in the same period of 2009.

Internap’s cash and cash equivalents totaled USD 68.3 million at September 30, 2010, while total debt stood at USD 40.4 million, including USD 20.4 million in capital lease obligations. The company reported 2,767 active customers contracts at the end of the third quarter of last year.

The markets failed to react positively to the news and Internap shares continued their down move in latter trading. However, the overall long-term outlook is positive and most analysts do not recommend to sell the company stocks.

One Response to Internap Unveils First Open Source Infrastructure Cloud Platform


CloudTweaks Sponsors - Find out more!


Popular

Top Viral Impact

Cloud Infographic – Cyber Security And The New Frontier

Cloud Infographic – Cyber Security And The New Frontier

Cyber Security: The New Frontier The security environment of the 21st century is constantly evolving, and it’s difficult to predict where the next threats and dangers will come from. But one thing is clear: the ever-expanding frontier of digital space will continue to present firms and governments with security challenges. From politically-motivated Denial-of-Service attacks to…

Cloud Infographic – The Internet Of Things In 2020

Cloud Infographic – The Internet Of Things In 2020

Cloud Infographic –  The Internet Of Things In 2020 The growing interest in the Internet of Things is amongst us and there is much discussion. Attached is an archived but still relevant infographic by Intel which has produced a memorizing snapshot at how the number of connected devices have exploded since the birth of the…

Big Data Analytics Adoption

Big Data Analytics Adoption

Big Data Analytics Adoption Big Data is an emerging phenomenon. Nowadays, many organizations have adopted information technology (IT) and information systems (IS) in business to handle huge amounts of data and gain better insights into their business. Many scholars believe that Business Intelligence (BI), solutions with Analytics capabilities, offer benefits to companies to achieve competitive…

5 Ways The Internet of Things Will Drive Cloud Growth

5 Ways The Internet of Things Will Drive Cloud Growth

5 Ways The Internet of Things Will Drive Cloud Growth The Internet of Things is the latest term to describe the interconnectivity of all our devices and home appliances. The goal of the internet of things is to create universal applications that are connected to all of the lights, TVs, door locks, air conditioning, and…

2014 Future Of Cloud Computing Survey Results

2014 Future Of Cloud Computing Survey Results

Engine Yard Joins North Bridge Venture Partners, Gigaom Research and Industry Collaborators to Unveil 2014 Future of Cloud Computing Survey Results SAN FRANCISCO, CA–(Marketwired – Jun 25, 2014) – Engine Yard, the leading cloud application management platform, today announced its role as a collaborator in releasing the results of the fourth annual Future of Cloud Computing Survey,…


Established in 2009, CloudTweaks is recognized as one of the leading influencers in cloud computing, big data and internet of things (IoT) information. Our goal is to continue to build our growing information portal, by providing the best in-depth articles, interviews, event listings, whitepapers, infographics and much more.

You can help continue to support our community by social sharing, sponsoring, partnering or contributing to this great educational resource.

Contact

CloudTweaks Media
Phone: 1 (212) 763-0021
contact@cloudtweaks.com

Join our newsletter