Internap

Internap Corporation (NASDAQ: INAP) is a company that describes itself as a "global provider of performance-driven, full-spectrum data center and cloud solutions".[3] The company is headquartered in Reston, Virginia, United States, with company-controlled data centers located in North America, EMEA and APAC. INAP delivers its Performance IP, hosting, cloud, colocation and hybrid infrastructure services through Private Network Access Points (P-NAP®) in North America, Europe, Asia-Pacific and Australia.[4]

Internap Corporation
Public (NASDAQ: INAP)
IndustryInternet Services
Founded1996
HeadquartersReston, Virginia, United States
Key people
Peter D. Aquino, President, Chief Executive Officer and Board Member[1] Daniel C. Stanzione, Chairman of the Board[2]
ProductsHosting, Data Center, Cloud Computing, IP networking services, Content Delivery Network
Revenue$317 million (2018)
Number of employees
700 (approximate)
Websiteinap.com

INAP has approximately 13,000 customers ranging from startup to enterprise in the U.S. and abroad and approximately 700 employees.[3] Its customers are companies that require high-performance Internet services for business-critical applications, such as advertising technology, online analytics, big data and ecommerce. INAP has a foundation in the online retail, online gaming, SaaS, financial and business services industries.

History

Founded in Seattle, Washington in 1996, the company's Initial Public Offering (IPO) took place in 1999. In 2000, INAP's patented Managed Internet Route OptimizerTM (MIRO) technology was added to the Smithsonian's permanent technology exhibit.

Peter Aquino was named president and CEO of INAP in September 2016.[5] Previously, he served as chairman and CEO, and later as executive chairman, of Primus Telecommunications Group, Inc.

In 2011, INAP launched the world's first commercially available OpenStack™ Cloud Compute service.[6] In June 2011, the INAP Santa Clara data center became the first commercial data center in the U.S. to achieve the Green Building Initiative's Green Globe® certification.[7]

INAP's prior president and CEO, Mike Ruffolo, served from May 2015 until September 2016. He served as a member on the company's board of directors. Previously, he was president and CEO of Crossbeam Systems, Inc.[8] The company named Daniel C. Stanzione, non-executive chairman of the board in June 2009; he has served as a director since 2004.[9]

On March 16, 2020, Internap Technology Solutions, Inc. and six affiliated companies filed Chapter 11 bankruptcy in the United States District Court for the Southern District of New York. [10]

Acquisitions and growth

In 2000, INAP acquired CO Space, Inc, giving the company its first entry into the datacenter services business, which represents the majority of the company's current revenues. In the same year, INAP also acquired VPNX.com, a managed VPN provider. INAP acquired VitalStream Holdings, Inc., a content delivery service provider, in February 2007. In early 2012, INAP announced that it had acquired Voxel Holdings, Inc., a provider of scalable hosting and cloud services for enterprise users. In November 2013, INAP announced the acquisition of iWeb, a hosting and cloud provider based in Montreal, Canada.[11]

References
  1. "Peter Aquino, President, Chief Executive Officer and Board Member". internap.com.
  2. "Daniel C. Stanzione, Chairman of the Board". inap.com.
  3. "Internap, Annual Report, 2014" (PDF). shareholder.com.
  4. "Reuters Internap Company Profile". Reuters.
  5. "Internap Announces Leadership Transition to Support Next Stage of Business Evolution".
  6. "Internap launches OpenStack™ Cloud Compute service".
  7. "Internap Announces Acquisition of Hosting Provider iWeb".
  8. "Internap Names Mike Ruffolo as President and CEO" (Press release). internap.com.
  9. "Internap Leadership Bio". internap.com.
  10. "INAP files for bankruptcy, along with US subsidiaries". Data Center Dynamics. Retrieved May 10, 2020.
  11. "Internap Announces Acquisition of Hosting Provider iWeb".
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