Internap Unveils First Open Source Infrastructure Cloud Platform

Internap Unveils First Open Source Infrastructure Cloud Platform

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.

“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.

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.

By Kiril Kirilov

Sorry, comments are closed for this post.

The Rise Of BI Data And How To Use It Effectively

The Rise Of BI Data And How To Use It Effectively

The Rise of BI Data Every few years, a new concept or technological development is introduced that drastically improves the business world as a whole. In 1983, the first commercially handheld mobile phone debuted and provided workers with an unprecedented amount of availability, leading to more productivity and profits. More recently, the Cloud has taken…

7 Common Cloud Security Missteps

7 Common Cloud Security Missteps

Cloud Security Missteps Cloud computing remains shrouded in mystery for the average American. The most common sentiment is, “It’s not secure.” Few realize how many cloud applications they access every day: Facebook, Gmail, Uber, Evernote, Venmo, and the list goes on and on… People flock to cloud services for convenient solutions to everyday tasks. They…

Adopting A Cohesive GRC Mindset For Cloud Security

Adopting A Cohesive GRC Mindset For Cloud Security

Cloud Security Mindset Businesses are becoming wise to the compelling benefits of cloud computing. When adopting cloud, they need a high level of confidence in how it will be risk-managed and controlled, to preserve the security of their information and integrity of their operations. Cloud implementation is sometimes built up over time in a business,…

Using Private Cloud Architecture For Multi-Tier Applications

Using Private Cloud Architecture For Multi-Tier Applications

Cloud Architecture These days, Multi-Tier Applications are the norm. From SharePoint’s front-end/back-end configuration, to LAMP-based websites using multiple servers to handle different functions, a multitude of apps require public and private-facing components to work in tandem. Placing these apps in entirely public-facing platforms and networks simplifies the process, but at the cost of security vulnerabilities. Locating everything…

Cloud Services Providers – Learning To Keep The Lights On

Cloud Services Providers – Learning To Keep The Lights On

The True Meaning of Availability What is real availability? In our line of work, cloud service providers approach availability from the inside out. And in many cases, some never make it past their own front door given how challenging it is to keep the lights on at home let alone factors that are out of…

Beacons Flopped, But They’re About to Flourish in the Future

Beacons Flopped, But They’re About to Flourish in the Future

Cloud Beacons Flying High When Apple debuted cloud beacons in 2013, analysts predicted 250 million devices capable of serving as iBeacons would be found in the wild within weeks. A few months later, estimates put the figure at just 64,000, with 15 percent confined to Apple stores. Beacons didn’t proliferate as expected, but a few…

Is Machine Learning Making Your Data Scientists Obsolete?

Is Machine Learning Making Your Data Scientists Obsolete?

Machine Learning and Data Scientists In a recent study, almost all the businesses surveyed stated that big data analytics were fundamental to their business strategies. Although the field of computer and information research scientists is growing faster than any other occupation, the increasing applicability of data science across business sectors is leading to an exponential…

The Security Gap: What Is Your Core Strength?

The Security Gap: What Is Your Core Strength?

The Security Gap You’re out of your mind if you think blocking access to file sharing services is filling a security gap. You’re out of your mind if you think making people jump through hoops like Citrix and VPNs to get at content is secure. You’re out of your mind if you think putting your…