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Home > Company Index > Telecommunications > Internet & Online Service Providers > InterNAP Network Services Corporation

InterNAP Network Services Corporation
Nasdaq: INAP
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 NEWS FROM THE WIRES
InterNAP sets $101 mln private placement
Jul 25 2001 01:43 PM PDT

InterNAP posts wider Q2 loss, new CEO and funding
Jul 25 2001 01:27 PM PDT

More WIRE STORIES about this company

 PROFILE
InterNAP Network Services has a solution for CIOs losing sleep over slow Internet downloads. It bypasses congested public NAPs (network access points) -- the crossroads where major backbone carriers connect and exchange Internet traffic -- with its own P-NAPS (private NAPs). The P-NAPS directly connect to major backbones and use optimized data routing. With nearly 30 P-NAPs, located mostly in major US cities, InterNAP plans to build 35 more. It targets corporations and has about 800 customers, including Travelocity.com and Nasdaq. Expanding even further, InterNAP has formed a joint venture with Japanese telecom giant NTT called InterNAP Japan to provide high-speed Internet connectivity for Japanese businesses.

 COMPETITION
AT&T Corp. (T)
PSINet Inc. (PSIXE)
UUNET (dossier)

 DEALS
Deal: InterNAP, Akamai Enter Strategic Alliance
Date Announced: 12.14.00
Value of transaction (US $Mil): 0
Description: Routing services firm enters deal to be reseller of Akamai's content delivery service.

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 TRACKERS
Apr. 18, 2001 - LAYOFF TRACKER
118 laid off
Description: In a press release, CEO Tony Naughtin said, "These reorganization and cost-reduction efforts will not reduce our ability to grow the business."

Mar. 07, 2001 - LAYOFF TRACKER
65 laid off
Description: Citing current market conditions and a drop in Internet-based customers as part of the reason for the layoffs. Expecting to hire 120 more people in 2001.

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 STOCK ANALYSIS
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FURTHER ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 69.60
1-Yr. Sales Growth: 456.8%
Employees: 773
Revenue per employee: $90,038.81

 KEY PEOPLE
• Anthony C. Naughtin
    CEO
• Paul E. McBride
    CFO

 CONTACT INFO
601 Union St., Ste. 1000
Seattle, WA 98101
US
Phone: 206-441-8800
Fax: 206-264-1833
Online: Web Site

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