An email went out this morning to Console’s customers and partners with an update. The interconnection platform has apparently sold off its network services business to the former founder of IX Reach.
Console was formed after the acquisition of IX Reach by IIX two and a half years ago and an earlier deal for Allegro. But the company’s big plans for the interconnection business haven’t panned out as expected, and it looks like a new direction is in the wind.
Stephen Wilcox will apparently be acquiring the former IX Reach business as well as parts of what were previously IIX and Allegro, and will be rebranding it all back to IX Reach in the coming weeks. That will give them the full global network footprint Console was operating, including connections into the various clouds and IXs.
Just what Wilcox intends to do with the business is something we’ll have to keep an eye on. The rest of Console is presumably the software platform, and I look forward to more info on that side’s direction as well.
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Categories: Interconnection · Mergers and Acquisitions
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The 2 articles you sited show that Allegro Networks purchased almost 6 months before IX-Reach.
Oops, you are correct. My memory was faulty and my caffeine level hadn’t yet risen to proper levels this morning to catch it. I have corrected the article.
I still don’t understand which parts are what. One company is the network and the other company is the software underneath that network, meaning others can build other networks on that same software?
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