Internap Corporation (

Nasdaq The Nasdaq Stock Market () (National Association of Securities Dealers Automated Quotations Stock Market) is an American stock exchange based in New York City. It is the most active stock trading venue in the US by volume, and ranked second ...

ticker symbol A ticker symbol or stock symbol is an abbreviation used to uniquely identify publicly traded shares of a particular stock on a particular stock market. In short, ticker symbols are arrangements of symbols or characters (generally Latin letters ...

: INAP) is a company that sells data center and

cloud computing Cloud computing is the on-demand availability of computer system resources, especially data storage ( cloud storage) and computing power, without direct active management by the user. Large clouds often have functions distributed over m ...

services. The company is headquartered in

Reston, Virginia Reston is a census-designated place in Fairfax County, Virginia and a principal city of the Washington metropolitan area. As of the 2020 U.S. Census, Reston's population was 63,226. Founded in 1964, Reston was influenced by the Garden City move ...

, United States, and has data centers located in North America,

EMEA EMEA is a shorthand designation meaning Europe, the Middle East and Africa. The acronym is used by institutions and governments, as well as in marketing and business when referring to this region: it is a shorthand way of referencing the two ...

and the

Asia-Pacific Asia-Pacific (APAC) is the part of the world near the western Pacific Ocean. The Asia-Pacific region varies in area depending on context, but it generally includes East Asia, Russian Far East, South Asia, Southeast Asia, Australia and Pacific Isla ...

region. INAP sells its Performance IP, hosting,

cloud In meteorology, a cloud is an aerosol consisting of a visible mass of miniature liquid droplets, frozen crystals, or other particles suspended in the atmosphere of a planetary body or similar space. Water or various other chemicals may ...

, colocation and hybrid infrastructure services through Private Network Access Points (P-NAP) in North America, Europe, Asia-Pacific and Australia.

History

Founded in

Seattle Seattle ( ) is a port, seaport city on the West Coast of the United States. It is the county seat, seat of King County, Washington, King County, Washington (state), Washington. With a 2020 population of 737,015, it is the largest city in bo ...

, Washington in 1996, the company's initial public offering (IPO) took place in 1999. In 2000, INAP's patented Managed Internet Route Optimizer (MIRO) technology was added to the Smithsonian's permanent technology exhibit. Peter Aquino was named president and CEO of INAP in September 2016. Previously, he was chairman and CEO, and later executive chairman, of Primus Telecommunications Group, Inc. In 2011, INAP launched the world's first commercially available

OpenStack OpenStack is a free, open standard cloud computing platform. It is mostly deployed as infrastructure-as-a-service (IaaS) in both public and private clouds where virtual servers and other resources are made available to users. The software platfo ...

Cloud Compute service. 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. Mike Ruffolo was president and CEO from May 2015 until September 2016. He was a member of the company's board of directors. Previously, he was president and CEO of Crossbeam Systems, Inc. The company named Daniel C. Stanzione, non-executive chairman of the board in June 2009; he has been a director since 2004. On February 28, 2018, Internap acquired SingleHop for $132 million in cash. On March 16, 2020, Internap Technology Solutions, Inc. and six affiliated companies filed

Chapter 11 bankruptcy Chapter 11 of the United States Bankruptcy Code ( Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whet ...

in the

United States District Court for the Southern District of New York The United States District Court for the Southern District of New York (in case citations, S.D.N.Y.) is a federal trial court whose geographic jurisdiction encompasses eight counties of New York State. Two of these are in New York City: New ...

. The company emerged from bankruptcy on May 11, 2020. On September 28, 2022, INAPs product "ServerIntellect" was the target of a ransomware attack that affected their multitenant website, database, and email hosting services causing data loss for those services. As a result, INAP discontinued multitenant hosting services. To mitigate confusion and clarify that only ServerIntellect customers were affected, INAP removed the original ransomware incident report from their "Operational Transparency" page on On October 5th, 2022. Techradar published an article speculating that INAP's removal of the original incident report was an attempt to conceal the full effects of the ransomware attack.

Acquisitions and growth

In 2000, INAP acquired CO Space, 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, 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.

References

{{reflist Internet technology companies of the United States Companies based in Atlanta American companies established in 1996 Companies formerly listed on the Nasdaq