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.

Conquering Disease with Artificial Intelligence and IBM Watson

Conquering Disease with Artificial Intelligence and IBM Watson

Artificial Intelligence and IBM Watson Artificial Intelligence, or AI, is growing increasingly pervasive in today’s modern world. Perhaps the most publicized and recognizable application of AI to date, IBM’s Jeopardy-winning computer, Watson, is now being used to help cure cancer. IBM announced the development of Watson for Genomics on Wednesday at the National Cancer Moonshot…

The Fundamentals of Predictive Analysis

The Fundamentals of Predictive Analysis

Predictive Analysis  Article sponsored by SAS Software and Big Data Forum Analytics is playing an increasingly important role in our lives thanks in large part to internet of things (IoT) developments and a greater appreciation of Big Data. With solutions that range across business productivity, health care, individual and national security, new insights are regularly…

Clouding Around With The Unicorns

Clouding Around With The Unicorns

The Social Unicorn Early investors and technology consumers alike love the poignantly named “Unicorn” companies, or private startups that reach the $1 billion valuation. The most recent unicorn spotting is social media game-changer Snapchat, which was recently valued at $16 billion. According to a recent infographic from Alexa discovered via Adweek, Snapchat also proves to…

Achieving Network Security In The IoT

Achieving Network Security In The IoT

Security In The IoT The network security market is experiencing a pressing and transformative change, especially around access control and orchestration. Although it has been mature for decades, the network security market had to transform rapidly with the advent of the BYOD trend and emergence of the cloud, which swept enterprises a few years ago.…

Increasing Efficiency and Reducing Cost with Managed Printing Services

Increasing Efficiency and Reducing Cost with Managed Printing Services

Managed Printing Services This is a sponsored post written on behalf of HP MPS.  Today’s business leaders recognize the value of shared services, significantly providing a wide range of enterprises with the sophisticated tools they need to compete with big business, while additionally driving costs down. But an area often overlooked in our tech-savvy world…

Cloud Computing – The Game Changer

Cloud Computing – The Game Changer

Global Cloud Index In October, Cisco released its Global Cloud Index (GCI) report for 2014-2019, projecting a near 3-fold growth of global data center traffic, with predictions that this traffic will reach 8.6 zettabytes (cloud data center traffic) and 10.4 zettabytes (total data center traffic) per year in 2019 and 80% of it will come…

Cloud Computing – The Real Story Is About Business Strategy, Not Technology

Cloud Computing – The Real Story Is About Business Strategy, Not Technology

Enabling Business Strategies The cloud is not really the final destination: It’s mid-2015, and it’s clear that the cloud paradigm is here to stay. Its services are growing exponentially and, at this time, it’s a fluid model with no steady state on the horizon. As such, adopting cloud computing has been surprisingly slow and seen more…

The Cloud Is Not Enough! Why Businesses Need Hybrid Solutions

The Cloud Is Not Enough! Why Businesses Need Hybrid Solutions

Why Businesses Need Hybrid Solutions Running a cloud server is no longer the novel trend it once was. Now, the cloud is a necessary data tier that allows employees to access vital company data and maintain productivity from anywhere in the world. But it isn’t a perfect system — security and performance issues can quickly…

Containerization: The Bold Face Of The Cloud In 2016

Containerization: The Bold Face Of The Cloud In 2016

Containerization And The Cloud “Right now, the biggest technology shift in the cloud is a rapid evolution from simple virtual machine (VM) hosting toward containerization’’ says the CTO of Microsoft Azure, Mark Russinovitch, a man who deals with the evolving cloud infrastructure every day. In his words, containerization is “an incredibly efficient, portable, and lightweight…

Infographic Introduction – Benefits of Cloud Computing

Infographic Introduction – Benefits of Cloud Computing

Benefits of Cloud Computing Based on Aberdeen Group’s Computer Intelligence Dataset, there are more than 1.6 billion permutations to choose from when it comes to cloud computing solutions. So what, on the face of it, appears to be pretty simple is actually both complex and dynamic regardless of whether you’re in the market for networking,…

Cloud Infographic – Cloud Computing And SMEs

Cloud Infographic – Cloud Computing And SMEs

Cloud Computing And SMEs SMEs (Small/Medium Sized Enterprises) make up the bulk of businesses today. Most cloud based applications created today are geared toward the SME market. Accounting, Storage, Backup services are just a few of them. According to the European Commission, cloud based technology could help 80% of organisations reduce costs by 10-20%. This infographic provided…

Cloud Infographic: The Future of File Storage

Cloud Infographic: The Future of File Storage

 The Future of File Storage A multi-billion dollar market Data storage has been readily increasing for decades. In 1989, an 8MB Macintosh Portable was top of the range; in 2006, the Dell Inspiron 6400 became available, boasting 160GB; and now, we have the ‘Next Generation’ MacBook Pro with 256GB of storage built in. But, of course,…