Internap (AMEX:IIP)
Historical Stock Chart
From Jun 2019 to Jun 2024
![Click Here for more Internap Charts. Click Here for more Internap Charts.](/p.php?pid=staticchart&s=A%5EIIP&p=8&t=15)
Internap Network Services Corporation (AMEX:IIP), a
leading provider of performance-based routing solutions over the
Internet, today announced plans to expand market coverage by creating
a Private Network Access Point (P-NAP) in Toronto, Canada. The
expansion is part of the Atlanta-based company's growth strategy and
marks its entrance into the Canadian market. Internap currently serves
customers via international locations in Hong Kong, London, Singapore,
Sydney, Tokyo and multiple U.S. cities.
Expected for completion in the fourth quarter of 2006, the new
Toronto P-NAP(R) will mirror the architecture used within the U.S.,
which utilizes a unique model to intelligently direct traffic across
multiple backbones for the fastest and best performing route. Canadian
customers will be able to seamlessly connect to a P-NAP via local loop
or cross-connect within the same colocation space to gain access to
Internap's reliable and optimized IP service to avoid congestion
problems, performance degradations and outages.
Internap will enhance the Toronto P-NAP offering by providing
proactive technical support and Service Level Agreements (SLAs) that
guarantee performance 24x7x365. The company's industry-leading SLAs
include 100% network availability across the public Internet, less
than 45 milliseconds latency, and less than 0.5 milliseconds jitter
for customers within the U.S. The SLA also includes less than 0.3%
packet loss across all of its geographies.
"Given the opportunities presented by Canada's evolving landscape,
as well as feedback from our existing customers, expanding our
footprint into Toronto was a natural progression in our operational
plan," said James P. DeBlasio, chief executive officer, Internap.
"With the increased need for global networking, it is essential that
Internap provide IP solutions that foster collaboration, drive
innovation and help businesses grow."
Toronto serves as Canada's leading business hub and is the home of
more nationally and internationally top-ranked companies than any
other Canadian city. Known as "Silicon Valley North," Toronto also has
a significant presence within key Internap vertical markets such as
retail, financial and high-tech sectors. According to the comScore
World Metrix, which measures global Internet audience size and
behavior, Canada was also among the top ten countries ranked by
average hours spent online per visitor for March 2006.
P-NAPs: Beyond Multi-Homing
Internap P-NAPs address the inherent shortcomings of
"best-efforts" Internet routing by adding intelligent software to its
multi-homed connectivity model. The company's proprietary Managed
Internet Routing Optimizer(TM) software (MIRO), which resides in each
PNAP facility, routes data across the Internet in a manner that
minimizes data-loss by avoiding the Internet's conventional traffic
exchange process known as "peering." Private and public peering
arrangements between backbone providers lead not only to congestion at
peering points but also to routing inefficiencies, two factors that
significantly reduce the speed of data transmission across the
Internet. The MIRO software orchestrates the routing of
mission-critical Web-based applications such as customer portals,
e-commerce sites and online trading platforms for faster, more
reliable delivery than conventional Internet technology.
"The Internet is spurring worldwide growth in new communications
solutions," explains Ira Weinstein, a partner with Wainhouse Research.
"The activation of Internap's Toronto P-NAP will give enterprises
conducting business within Canada the opportunity to improve the
performance of real-time applications, such as voice and video, using
the company's carrier neutral network service offering."
About Internap
Internap is a market leader of intelligent route control solutions
that bring reliability, performance and security to the Internet. The
company's patented and patent-pending technologies address the
inherent weaknesses of the Internet, enabling enterprises to take full
advantage of the benefits of deploying business-critical applications
such as e-commerce, Voice-over-IP (VoIP), video-conferencing and
streaming audio/video across IP networks. Through a portfolio of
high-performance IP and WAN optimization solutions, customers can
bypass congestion points, overcome routing inefficiencies and optimize
performance of their applications. Internap solutions are backed by an
industry-leading performance guarantee that covers the Internet as
opposed to just one network. These offerings include: network- and
premise-based route optimization solutions, colocation, VPN, content
distribution and managed security services.
Internap currently serves more than 2,100 customers, including
Fortune 1000 and mid-tier enterprises in the financial services,
government, travel/hospitality, manufacturing, media/entertainment,
technology and retail industries. The company provides services
throughout North America, Europe, Asia and Australia. For more
information, please visit the company website at www.internap.com.
Internap, P-NAP and Managed Internet Routing Optimizer are
trademarks of Internap. All other trademarks and brands are the
property of their respective owners.