internet

ATLANTA, GA – Internap Corporation (NASDAQ:INAP), a provider of high-performance internet infrastructure including colocation, managed services and hosting, cloud and high-performance network services, today announced that it has entered into a definitive agreement to acquire SingleHop, LLC, a private company headquartered in Chicago, Illinois for $132 million in cash.

SingleHop is a recognized leader in the managed hosting and infrastructure as a service (IaaS) business segment, offering highly automated and on-demand IT infrastructure. This strategic combination allows INAP to immediately offer its customers advanced products and expertise. SingleHop’s enterprise and business customers will also benefit from INAP’s North American and global presence, providing a significantly more expansive integrated footprint.


“The INAP turnaround strategy includes restoring top-line organic revenue growth while leveraging smart tuck-in acquisitions to accelerate that growth,” stated Peter D. Aquino, President & CEO of INAP. “Today we announce significant progress on both fronts: We are reporting a positive outlook for 4Q 2017 revenue, which is up sequentially, and we are ahead of turnaround expectations. We are also pleased to announce the signing of an agreement to acquire SingleHop and welcome their customers and employees to the INAP family. We are very excited about partnering with Zak Boca and his experienced team to integrate their advanced platform into INAP. The combined impact of our sales and operational improvements, and the momentum of SingleHop’s success, is expected to be a catalyst for growth in 2018.”

Strategic Rational: INAP expects to gain significant speed to market by advancing its technical roadmap with this acquisition. The attributes of the combination include:

Robust Technology –
SingleHop’s advanced automated systems will immediately enhance INAP’s overall capabilities, improving existing customers’ experience. This acquisition will enable INAP to launch an integrated delivery system that will be cross-sold through INAP’s global footprint. Given this complementary product set, SingleHop’s technical expertise and momentum are expected to attract interest specifically among INAP Bare Metal and AgileCloud customer bases. This combination also advances INAP’s product road map for private cloud, managed public cloud, DRaaS, and other critical features designed to drive profitable growth.

Single Pane of Glass and Actionable Intelligence (“AI”) –
SingleHop’s single pane of glass for infrastructure and managed services will consolidate and merge separate customer interface portals into one single pane of glass, post integration (i.e., colocation, managed services, cloud, and network elements). The improved visibility, and control through AI are expected to exceed customer expectations and requirements, adding long-term customer retention benefits, as well as to help INAP operationally.

Increased Scalability –
SingleHop’s operations complement INAP’s presence in major markets including: Chicago, New York City, Phoenix, and Amsterdam. SingleHop hosts approximately 3,000 customers in state of the art Tier 3-type data centers that ensure the optimum redundancy, security, and critical infrastructure required. Proforma combined INAP will serve over 10,000 customers worldwide.

Experienced and Talented Management Team –
SingleHop has demonstrated a unique entrepreneurial culture that produced award winning solutions and industry recognition as evidenced in its position on the Gartner® Magic Quadrant for Cloud Enabled Managed Hosting.

“These two companies are extremely complementary, and together will offer customers an incredibly robust, modern IT platform, which was backed by investment firm Battery Ventures,” said Zak Boca, co-founder and CEO of SingleHop. “SingleHop’s innovative approach to IaaS and the delivery of managed services combined with INAP’s global data center and network presence, will give clients a one-stop-shop for their IT needs. This is a strong combination that I’m very excited to be a part of. I look forward to transitioning to become the Chief Marketing Officer of INAP.”

“Jennifer Curry, VP of Managed Hosting and Services at INAP, and team, have been focused on improving ways to deliver complex IT solutions to our customers,” stated Corey Needles, SVP and General Manager, INAP USA. “By acquiring SingleHop, we not only leapfrog product development gates, but Jen acquires an all-star team to attack opportunities that historically may have been challenging for either company to score on its own due to lack of product or size. Together, we are much stronger and excited about our growth potential in managed hosting and services as a value-added service to our data center business.”

Financial Summary: INAP will be acquiring SingleHop in an all cash deal for $132 million reflecting a purchase multiple of approximately 7x after synergies, based on annualized Adjusted EBITDA of approximately $16 million for 3Q 2017 and expected annualized cost synergies of $2 to $3 million. INAP expects SingleHop will contribute $45 to $50 million in annualized revenue post-closing. In INAP’s fourth quarter 2017 earnings release, INAP will provide combined proforma guidance, assuming a first quarter closing of the transaction. Adjusted EBITDA is a non-GAAP financial measure, which we define in the attachment to this press release entitled “Non-GAAP (Adjusted) Financial Measure.” A reconciliation of this non-GAAP financial measure to the most directly comparable GAAP financial measure can also be found in the attachment.

INAP has entered into a commitment agreement with Jefferies Finance LLC to provide a fully underwritten debt financing which, combined with INAP’s cash on hand, will fund the entire transaction. Ultimately, INAP will look to optimize its capital structure with a blend of equity and debt securities to affect a leverage-neutral or better outcome. The transaction is expected to close before the end of the first quarter 2018, subject to customary closing conditions, including the expiration or termination of any applicable waiting periods under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended.

Transaction Advisors: RBC Capital Markets acted as lead financial advisor and Jefferies LLC acted as financial advisor to INAP. Jenner & Block LLP served as INAP’s legal advisor. On the sell-side, DH Capital acted as the sole financial advisor to SingleHop. Goodwin Procter LLP and Hinshaw & Culbertson LLP acted as joint legal advisors to SingleHop.

About Internap Corporation
Internap Corporation (NASDAQ:INAP) is a leading provider of high-performance data center services including colocation, managed hosting, cloud and network services. INAP partners with its clients, who range from the Fortune 500 to emerging start-ups, to create secure, scalable and reliable IT infrastructure solutions that meet the client’s unique business requirements. INAP operates in 51 Tier 3-type data centers in 21 metropolitan markets and has 90 POPs around the world. INAP has approximately 1 million gross square feet under lease, with 500,000 square feet of data center space. For more information, visit www.INAP.com.

About SingleHop
SingleHop, a leading global provider of hosted IT infrastructure and cloud computing, brings together a unique combination of enterprise-class technologies from industry-leading vendors, and a proprietary automation engine, to deliver a customized cloud infrastructure experience for enterprises of all sizes. Their powerful portal and award-winning automation platform make it simple to design and support the optimal cloud environment. Their service includes full-life cycle, white glove support, instantly-scalable solutions, and comprehensive integrated security. SingleHop serves approximately 3,000 customers in more than 124 countries with data centers across the United States and Europe.

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MUNICH, Germany – Coriant, a leading supplier of packet optical, IP, and SDN solutions to Tier 1 global service providers and web-scale Internet operators, today announced that WorldStream, a leading Internet Service Provider in the Netherlands, has deployed the Coriant Groove™ G30 Network Disaggregation Platform to enhance resiliency of its backbone network and scale transmission capacity to 100G per wavelength. WorldStream selected the ultra-high capacity, power-efficient Groove G30 solution to meet rapidly growing demand for Internet services and support resilient connectivity for Data Center Interconnect (DCI) and peering capacity. The Groove G30 is a unique DCI offering that provides end-to-end connectivity with a single solution for both muxponder and Open Optical Line system applications.

WorldStream offers a wide variety of ISP and data center hosting services, as well as global connectivity. The new Coriant Groove-powered network will support 100G per wavelength of capacity using best-in-class coherent optical transmission technology, with initial deployment delivering 18*100G of capacity respectively on geographically-dispersed redundant fiber routes connecting WorldStream data center facilities.


“In this past year alone we saw a dramatic rise in customer Internet traffic that drove a need to upgrade our network infrastructure to higher speed transmission,” said Tim Vollebregt, Network Architect at WorldStream. “After evaluating our options, we selected the Coriant Groove G30 solution for its ability to cost-efficiently meet our escalating capacity demands with a best-in-class plug-and-play architecture purpose-built for pay-as-you-grow scalability and configuration flexibility. As we increasingly focus on environmentally-friendly, carrier neutral colocation services, the industry-leading power efficiencies of the Groove G30 also proved highly compelling.”

The award-winning Coriant Groove™ G30 is an innovative and highly compact 1RU modular transport solution for ISP, cloud, data center, and IXP networks that can be equipped as a muxponder terminal solution and as an Open Line System (OLS) solution. Recognized for its industry-leading line system density, the Groove solution supports up to 96 channels in 1RU with full WDM terminal functionality, delivering 3X the density over comparable solutions and enabling significant OpEx savings via footprint and power efficiencies.

“As we’ve learned by working closely with service providers like WorldStream, it is not just about delivering scalable and cost-efficient transport, but also ensuring uninterrupted, high quality connectivity as more and more of their customers’ business critical data traffic rides on the network,” said Ronald Van der Kraan, Managing Director of Europe, Coriant.

About Coriant
Coriant delivers innovative and dynamic networking solutions for a fast-changing and cloud-centric business world. The Coriant portfolio of SDN-enabled, edge-to-core packet optical networking and DCI solutions enables network operators to cost-efficiently scale network capacity, reduce operational complexity, and create the resilient foundation for a new generation of mobile, video, and cloud services. Coriant serves leading network operators around the world, including mobile and fixed line service providers, cloud and data center operators, Web 2.0 content providers, cable MSOs, government agencies, and large enterprises. With a distinguished heritage of technology innovation and service excellence, Coriant is helping its global customers maximize the value of their network infrastructure as demand for bandwidth explodes and the communications needs of businesses and consumers continue to evolve.

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BOSTON and BATON ROUGE, La. – GlobalSign, a leading provider of identity and security solutions, today announced a partnership with loan software provider DocuFirst. The collaboration enables DocuFirst to deliver trusted digital signature capabilities to its customers through GlobalSign’s new Digital Signing service. By integrating the Digital Signing Service, DocuFirst can offer digital signatures directly through its application with zero development or investment needed and no burden placed on end customers.

The ability for DocuFirst to include digital signatures as part of its offering is especially important since its client base, which includes residential and commercial lending and mortgage firms, relies heavily on forms and signature collection to complete transactions. Bringing the signing process online significantly reduces the costs and resources associated with paper forms and signatures, and greatly increases document workflow efficiency and transparency. Knowing its customers would require signatures at least as secure and trusted as wet ink, if not more so, and taking into account the latest electronic signature requirements from industry groups like the Department of Housing and Urban Development (HUD) and Fannie Mae, DocuFirst sought a PKI-based digital signature solution.


“Using GlobalSign’s new Digital Signing Service was an easy choice. It provides everything we need to deploy digital signatures into our application with one simple integration,” said Randall Nachman, founder, DocuFirst. “We have been searching for a way to make it easy for our customers to take the signing process online without sacrificing security and trust. By integrating digital signatures into our offering, we can provide an end-to-end workflow with signing processes even more secure than wet ink, thanks to the underlying cryptography, identity validation, and timestamping of GlobalSign’s solution.”

Highly Scalable, Cloud-based API-Driven Digital Signing Service

Announced in June, 2017, and now in production, GlobalSign’s Digital Signing Service makes publicly trusted digital signatures more accessible by integrating them directly into document workflow solutions while lowering barriers such as cost, maintenance, and internal expertise. Unlike traditional document signing products that require hardware and extensive cryptographic knowledge to source the required components, the cloud-based Digital Signing Service provides everything needed to deploy digital signatures into any application with one API call, greatly simplifying the integration process.

“GlobalSign’s Digital Signing Service brings together all the cryptographic components necessary to offer the most feature-rich and collaborative digital signature service on the market today. And because there is no database of private keys to compromise or documents stored, the level of security is increased significantly,” said Nadim Farah, product manager, GlobalSign. “We are very pleased that DocuFirst has found our product critical to the growth of their business. Products like DocuFirst are ideal for our Digital Signing Service since it can be integrated with any electronic document workflow solution.”

To learn more about GlobalSign’s Digital Signing Service, visit https://www.globalsign.com/en/digital-signatures/

About DocuFirst
DocuFirst is a provider of Document Management Software that helps organizations eliminate manual paper-based processes and collect digital content more efficiently. The company provides robust document management capabilities and allows businesses to collect and store data needed to fill forms, create and digitally sign those forms, and automate document indexing and workflows. All of these pieces are necessary components for 100% digital transactions. To learn more about DocuFirst, visit www.docufirst.com.

About GMO GlobalSign
GlobalSign is the leading provider of trusted identity and security solutions enabling businesses, large enterprises, cloud-based service providers and IoT innovators around the world to conduct secure online communications, manage millions of verified digital identities and automate authentication and encryption. Its high-scale PKI and identity solutions support the billions of services, devices, people and things comprising the Internet of Everything (IoE). The company has offices in the Americas, Europe and Asia. For more information, visit https://www.globalsign.com

About GMO Cloud KK
GMO Cloud K.K. (TSE: 3788) is a full-service IT infrastructure provider focused on cloud solutions. Established as a hosting company in 1996, the company has managed servers for more than 130,000 businesses and now has 6,500 sales partners throughout Japan. In February of 2011, the company launched GMO Cloud to enhance its focus on cloud-based solutions. Since 2007, the company has also grown its GlobalSign SSL security brand through offices in Belgium, U.K., U.S., China and Singapore. For more information, visit http://ir.gmocloud.com/english/.

About GMO Internet Group
GMO Internet Group is an Internet services industry leader, developing and operating Japan’s most widely used domain, hosting & cloud, ecommerce, security, and payment solutions. The Group also comprises the world’s largest online FX trading platform, as well as online advertising, Internet media, and mobile entertainment products. GMO Internet, Inc. (TSE: 9449) is headquartered in Tokyo, Japan. For more information, visit http://www.gmo.jp/en/.

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Amsterdam, The Netherlands – Switch Datacenters, a European provider of build-to-suit corporate data centers and enterprise-grade colocation facilities, announces the launch of its wholesale Data Center as a Service program enabling rapid data center deployment on a global scale. The program provides organizations the opportunity to license Switch Datacenters’ patented data center technologies and obtain an integrated, full-service data center infrastructure package with highly energy-efficient cooling (calculated pPUE: 1.03-1.06), modular power infrastructure and racks included.

Heavy investments in R&D activities by Switch Datacenters have resulted in ‘state-of-the-art’ data center infrastructure featuring Dutch engineered, patented indirect adiabatic cooling technologies; highly modular thus scalable solutions for power supply; and (remote) data center management (custom DCIM software).


Lately, substantial effort has gone into integrating these R&D efforts and bundling it into an integrated offering. The result? A highly energy-efficient, fixed quality data center design with a calculated pPUE between 1.03 and 1.06, utilizing pre-fabricated components to reduce time-to-market. The actual pPUE figure will depend largely on the climate where the data center build is being located. Moreover, this data center infrastructure is OCP-ready, which means that it is suitable for Open Rack Systems based on Open Compute Project (OCP) principles.

Switch Datacenters’ data centers delivered through the program are being built in the Netherlands, then shipped to worldwide locations depending on customer requirements. Its built-to-suit data center design has already been deployed for IBM in the Netherlands, for example. The design would be a good fit for a wide range of data center deployments including large-scale as well as small-scale data centers, with potential electrical loads from 5 to 100 MW.

Racks, Security, Remote Management

Switch Datacenters’ newly launched Data Center as a Service program is an end-to-end solution including the racks and deployment of security technologies onsite. Automated remote data center management tools would allow data centers on almost any scale to run with little onsite engineering support. The program with a global reach provides for engineering capabilities on-site though, to provide deployment quality assurance and ease of operation.

Switch Datacenters’ Data Center as a Service program enables organizations worldwide to have a quick-start when deploying enterprise-grade, highly energy-efficient data center infrastructure. The program is aimed at a wide range of potential customers including Cloud Services Providers (CSPs), Managed Services Providers (MSPs), data center owners/operators, hyper-scale data center providers, and real estate owners. Potential licensing partners from a variety of countries worldwide have already shown interest in the Data Center as a Service program, including companies from the U.S., France, Dubai, Sweden, and the African continent.

“Our Data Center as a Service program provides hyper-scale data center providers, enterprises, cloud services providers and real estate owners alike the opportunity to deploy new data centers within short-term notice,” said Gregor Snip, CEO and founder of Switch Datacenters. “By joining our program, organizations are able to get their new data centers, even large-scale ones, up and running within about 3-months time – which is quite fast actually. Besides that, our technologies guarantee high levels of operating efficiencies with significantly reduced operating costs.”

The Data Center as a Service program offers four major types of options for delivering Switch Datacenters’ in-house developed and patented data center technologies, which include:

• Customer Data Center Ownership – a customer obtains full ownership of the data center build. License fees are paid for design, patents for cooling technology and rapid power deployment, as well as maintenance.
• Hybrid Data Center Delivery – this option provides for shared ownership and shared responsibilities of the data center build. This model helps to remove the burden of high upfront costs from the customer as Switch Datacenters is participating financially. A customer remains in control though, while able to utilize Switch Datacenters patented data center technologies.
• Full Service Lease Data Center – this monthly fee package option provides end-to-end data center deployment and operational services, with the highest level of customer care delivered by Switch Datacenters. Without the usual upfront costs, a customer can immediately take advantage of the professional data center infrastructure being implemented.
• Cooling and/or Power as a Service – a customer only pays for the patented cooling and power technologies being implemented. This could be an ideal option for existing data center builds, for companies intending to green their operations by implementing sustainable, energy-saving data center technologies.

About Switch Datacenters
Founded in 2011 by Dutch Internet and hosting industry veterans, Switch Datacenters is a European carrier-neutral operator of highly secured colocation data centers and build-to-suit corporate data centers delivering its enterprise-grade services to businesses of all sizes including some well-known large global cloud players. The company is focused on delivering redundant (2N), high-available (100% uptime guarantee) data center infrastructure with Tier 4 specifications to ISPs, systems integrators (SIs), cloud service providers (CSPs), and enterprise customers. Located in a fiber-dense area with 460 available fiber optic connections and 40 carrier networks on-site to choose from, Switch Datacenters’ facilities in the Amsterdam region provide a total floor area of 24,220 m2 (260,701 sq. ft.) and 8,350 m2 (89,878 sq. ft.) of secured white space for cloud service providers and boost an average data center PUE of 1.1 measured over all sites, making Switch Datacenters one of the leading providers of sustainable data center space in Europe. For more information about Switch Datacenters, visit: www.switchdatacenters.com.

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DALLAS, TX and REDWOOD CITY, CA – AT&T* and Equinix are expanding their relationship to make AT&T Switched Ethernet ServiceSM with Network on Demand available to businesses in Equinix International Business Exchange™ (IBX®) data centers. With agility being essential in many aspects of today’s business environment, enterprises can now easily add connectivity and scale bandwidth in near real time based on their business needs. The new AT&T Network on Demand service offered at Equinix enables intelligence across cloud service providers, and brings connectivity and expanded interconnection opportunities closer to where businesses operate.

AT&T Switched Ethernet Service with Network on Demand provides exceptional capabilities to help make businesses more agile and competitive. Businesses can turn up sites in just days to deliver the important voice, data and video applications necessary for business today. Plus, a dynamic network enables customers to upgrade their network in minutes and quickly add the bandwidth they need, when they need it.


“A dynamic network can differentiate a company. This is a critical move for many customers as they continue on their digital transformation and look to adopt technologies that require optimal speed and performance,” said Roman Pacewicz, chief product officer, AT&T Business. “Our work with Equinix lets us deliver the physical infrastructure and network connectivity options to support our customers’ evolving business needs.”

More than 90% of AT&T Business customers are using some form of cloud computing. Many companies are operating in a multicloud environment and need fast, highly-secure connectivity between cloud service providers. This expansion allows AT&T customers to leverage the extensive cloud density available at Equinix facilities and utilize one provider for their end-to-end cloud infrastructure, allowing companies to better support business-critical apps and maximize workforce productivity and collaboration. This includes high-performing apps on the forefront of innovation, like augmented and virtual reality, that require high bandwidth and low latency for optimal performance.

“Today’s digital business environment demands high-performing, agile network operations. Cloud and data center services must offer the scalability and reliability that IT managers require, while helping enterprises rapidly scale their operations globally,” said Charles Meyers, president, Strategy, Services and Innovation, Equinix. “AT&T’s network expansion is coming at the right time for our customers. As businesses are increasingly adopting the cloud, we are providing customers with the agility, connectivity and interconnection opportunities they need to compete and grow their businesses on a global scale.”

Together, AT&T and Equinix have been providing businesses with data networking services for more than a decade. In 2014, AT&T became a premier reseller of Equinix’ colocation infrastructure. AT&T Switched Ethernet Service with Network on Demand is currently available at Equinix IBX data centers in the following metro areas: Atlanta, Chicago, Dallas, Los Angeles, Miami, Silicon Valley and more.

To learn more about AT&T Switched Ethernet Service with Network on Demand, go to https://www.business.att.com/solutions/Family/network-services/ethernet/.

About AT&T
AT&T Inc. (NYSE: T) helps millions around the globe connect with leading entertainment, business, mobile and high speed internet services. We have the nation’s largest and most reliable network** and the best global coverage of any U.S. wireless provider. We’re one of the world’s largest providers of pay TV. We have TV customers in the U.S. and 11 Latin American countries. Nearly 3.5 million companies, from small to large businesses around the globe, turn to AT&T for our highly secure smart solutions.

AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc. Additional information about AT&T products and services is available at about.att.com. Follow our news on Twitter at @ATT, on Facebook at facebook.com/att and on YouTube at youtube.com/att.

About Equinix
Equinix, Inc. (Nasdaq: EQIX) connects the world’s leading businesses to their customers, employees and partners inside the most interconnected data centers. In 48 markets worldwide, Equinix is where companies come together to realize new opportunities and accelerate their business, IT and cloud strategies. http://www.equinix.com/.

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SAN FRANCISCO – Digital Realty (NYSE: DLR), a leading global provider of data center, colocation and interconnection solutions and a Silver level member of the Oracle PartnerNetwork (OPN), announced today it will offer dedicated and private access to Oracle Cloud through Oracle Cloud Infrastructure (OCI) FastConnect in 14 major metropolitan areas. These connections help ensure high performance and optimal reliability of critical enterprise applications within Oracle’s cloud, which occupies more than 500,000 square feet across 16 Digital Realty locations.

Access to OCI is being made available through Digital Realty’s Service Exchange in Ashburn, Atlanta, Boston, Chicago, Dallas, London, Los Angeles, Miami, New York, Phoenix, Portland, San Francisco, Seattle and Silicon Valley. As a result, a total of 59 Digital Realty data centers support private connections to Oracle’s Infrastructure as a Service.


Oracle FastConnect enables customers to set up a hybrid cloud by providing an easy and cost-effective way to create fast, low-latency, private and dedicated connectivity to Oracle Cloud. Digital Realty’s Service Exchange gives enterprises private, secure, high-throughput, and low-latency access over a single interface to OCI and other cloud providers, overcoming some of the limitations of the public Internet. It allows users to manage physical and virtual connections through a single portal and gives them the visibility and reporting capabilities they need to address their connectivity requirements more rapidly and efficiently.

“Customers require seamless connectivity from their data centers and networks to Oracle Cloud for their most demanding workloads and applications,” said Don Johnson, Senior Vice President Product Development, Oracle Cloud Infrastructure. “With Oracle’s FastConnect service via Digital Realty, customers can provision the dedicated and private connections they need today and easily scale with their growing business demands.”

“Our direct connections to Oracle Cloud Infrastructure build upon our commitment to ensure that our customers have interconnected access to the critical IT resources they need to drive business success,” said Digital Realty Chief Technology Officer Chris Sharp. “The rapid growth of Oracle Cloud is a testament to its strength in the marketplace, and we are extremely pleased to be working closely with Oracle to accelerate its momentum.”

About Digital Realty
Digital Realty supports the data center, colocation and interconnection strategies of more than 2,300 firms across its secure, network-rich portfolio of data centers located throughout North America, Europe, Asia and Australia. Digital Realty’s clients include domestic and international companies of all sizes, ranging from financial services, cloud and information technology services, to manufacturing, energy, gaming, life sciences and consumer products.

About Oracle PartnerNetwork
Oracle PartnerNetwork (OPN) is Oracle’s partner program that provides partners with a differentiated advantage to develop, sell and implement Oracle solutions. OPN offers resources to train and support specialized knowledge of Oracle’s products and solutions and has evolved to recognize Oracle’s growing product portfolio, partner base and business opportunity. Key to the latest enhancements to OPN is the ability for partners to be recognized and rewarded for their investment in Oracle Cloud. Partners engaging with Oracle will be able to differentiate their Oracle Cloud expertise and success with customers through the OPN Cloud program – an innovative program that complements existing OPN program levels with tiers of recognition and progressive benefits for partners working with Oracle Cloud. To find out more visit: http://www.oracle.com/partners.

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