This seems like old news, but INAP just sent it out...
Internap is the Only Top Ten Business ISP to
Increase Market Share in 2001
In-Stat/MDR Moves Internap's Rank Up Two Places to
Eighth Largest Business Internet Provider
SEATTLE, August 28, 2002 - Internap Network Services Corporation (NASDAQ: INAP), the leading provider of intelligent routing services over the Internet, announced today that In-Stat/MDR, a high-tech market research firm, has listed Internap as the 8th largest business ISP by access revenue. This ranking was published this month in a report by analyst Daryl Schoolar titled "It's the Service, Not the Service Provider-2002 Business ISP Review." Internap was the only business ISP to grow its market share last year. Also, this was the first year that Internap generated more ISP revenue than a major backbone provider.
The report named WorldCom/UUNet and AT&T as the largest business ISPs, with Cable & Wireless, Sprint, Genuity, Verio and Qwest as other leaders. Internap ranked 8th, accounting for 1.2% of the business-oriented access revenues in 2001.
"With a return to profitability, the market should once again be able to focus its attention on the services and not the service providers," said Daryl Schoolar, senior analyst for In-Stat/MDR. "The market won't be healthy again until new service introductions get more press than service provider reductions."
In addition to its core services of IP Connectivity, Internap also offers virtual private networks (VPN), firewall and intrusion detection, content distribution networks (CDN), collocation, storage and remote backup, and monitoring tools and controls.
"Amidst the uncertainty in the US business-oriented IP market, we are pleased to have this validation of Internap's sound fundamentals and business model," said Gregory A. Peters, president & CEO of Internap Network Services. "With more than 1,100 customers, a growing worldwide customer base and one of the industry's most diversified IP networks, Internap is on track to make some remarkable gains in the next year. Reports like this are proof of it."
According to In-Stat/MDR, only 48.3% of ISPs offer their customers a service level agreement (SLA). An even smaller number of ISPs, 38.3%, offer some form of service credit for not meeting their established SLA. Internap's SLA mitigates risks on behalf of its customers in a way that single networks cannot. Internap has one of the broadest SLAs in the IP industry, offering proactive credits to customers' bills for failure to meet the averages in our guarantee: 55 milliseconds or less round-trip domestic latency, less than 1 percent packet loss, and 100 percent network availability.
The report, "It's the Service, Not the Service Provider-2002 Business ISP Review" (Report Number IN020125TX), looks at the trends and services that will grow ISP revenues. The report also includes a five-year forecast for business-oriented ISP revenues such as access and Web hosting and year-end 2001 market share for business access services. To purchase this report, or for more information, please contact Erin McKeighan at emckeighan@instat.com or 480-609-4551. The report price is $2,495.
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For more recent news on Internap, please visit www.internap.com/newsroom .
Internap Investor Contacts:
Tim Hanson
Internap Network Services
206-262-3742
thanson@internap.com
Internap Media Contacts:
Chris Barker
Brian Sibley
Text 100 Public Relations
206-381-3791
internap@text100.com
In-Stat/MDR Contact:
Daryl Schoolar
In-Stat/MDR
480-609-4516
dschoolar@reedbusiness.com
About In-Stat/MDR
In-Stat/MDR (http://www.instat.com) offers a broad range of information resources and analytical assets to technology vendors, service providers, technology professionals and market specialists worldwide. The company stands alone in its ability to integrate both supply-side and demand-side research methodologies into a single, comprehensive view of technology markets and products. This capability relies on a unique ability to cover the entire value chain from engineering-level semiconductor technology, through equipment, infrastructure, services and end-users.
As a member of Reed Business Information www.reedbusiness.com, In-Stat/MDR is a division of the world's largest business-to-business information provider.
About Internap
Internap provides customers with certainty over the Internet through its patented route management technology and service guarantees. This managed IP service intelligently routes data across the major Internet backbones through a single connection from a customer's network to one of Internap's Service Points. Internap's customers bypass congestion points on the Internet, avoiding packet loss, latency and other difficulties that can plague conventional Internet connectivity. Founded in 1996 in Seattle, Internap offers services in numerous key markets throughout the United States, Europe and Japan including Atlanta, Boston, Chicago, London, Los Angeles, New York, San Francisco, San Jose, Seattle, Tokyo and Washington, DC. Internap® and P-NAP® are registered trademarks of Internap. All other trademarks and brands are the property of their respective owners. For more information, please visit www.internap.com.
Internap "Safe Harbor" Statement
This release may contain projections or other forward-looking statements that involve risks and uncertainties. Readers are cautioned that these statements are only predictions and may differ materially from actual future events or results. Readers are referred to the documents filed by Internap with the SEC, including without limitation its most recent Reports on Forms 10-K and 10-Q, which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements, including, among other things, Internap's history of operating losses and expected future losses, Internap's limited operating history, fluctuations in Internap's quarterly operating results, ability to maintain Nasdaq listing, Internet infrastructure and regulatory changes, volatility of stock price, deployment of new Service Points, integration of acquired businesses and rapid technological and market change. All forward-looking statements are based on information available to Internap on the date hereof, and Internap assumes no obligation to update such statements. |
