Internap Partners with ManagedStorage International to Provide RestorePath
Data Backup and Restore Services Backed by Internap's Industry-Leading IP Network
Atlanta and Seattle, Oct. 24, 2002 - Internap Network Services Corporation (NASDAQ: INAP), the leading provider of intelligent routing services over the Internet, today announced the release of its RestorePath, a Data Backup and Restore service, powered by ManagedStorage International (MSI). This new offering is consistent with Internap's strategy of expanding its product portfolio to meet customers' needs. Over the last 6 months, while other telecommunications companies have been caught up in accounting irregularities, exaggerated revenues, and bankruptcies, Internap has introduced 5 new products, all designed to mitigate risk to its customers.
"With RestorePath, companies can trust that disasters will not impact the critical data needed to operate successfully. This new service fits well with the overall risk management approach of our business model. Internap is committed to developing even more solutions for our customers to depend on during this period of uncertainty in the industry," said Greg Peters, president & CEO of Internap Network Services.
"MSI is excited to partner with Internap to enable its RestorePath product by delivering the first affordable and guaranteed data protection service on the market. This service is a necessary step any business should take to ensure its company's data is protected on a daily basis. Whether data is stored electronically on-site or in secure remote sites, it is recoverable," said Tom Sweeney, president & CEO of ManagedStorage.
RestorePath stores and protects customers' data at separate, secured, hardened, and environmentally controlled sites. The service protects a company against unavailability or destruction of its primary processing facility by enabling customers to restore data to another facility.
With RestorePath, customer servers are located in their own data center or a public data center, while the storage infrastructure is at a separate data center. Customers can use their existing broadband access to connect to the storage infrastructure via the public Internet, through a Virtual Private Network or over a point-to-point connection.
"It's great knowing our data is protected with Internap's RestorePath service," said Jon Leland, technologist at K/P Corporation. "Now I do not have to worry about managing my data protection knowing storage experts are handling it. Additionally, RestorePath was simple to establish, is very affordable and protects my data every day." K/P Corporation is a large fulfillment, mailing, and printing company located within Internap's Seattle data center.
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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
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.
About ManagedStorage International
ManagedStorage International Inc. (MSI) the premier provider of guaranteed data protection storage solutions, enables companies and leading service providers to strategically manage storage as a critical corporate resource. Its suite of turnkey Data Protection Services enables service providers and value added resellers to offer guaranteed storage services to their customers. ManagedStorage enables businesses to focus internal IT resources on initiatives that drive competitive performance. The company manages over three petabytes of data for companies throughout the U.S. and has been 100% successful helping company restore lost data. The company was formed in April 2000 when it was spun out from StorageTek, with funding from Great Hill Partners and J.P. Morgan Chase & Co. ManagedStorage is headquartered in Broomfield, Colorado, USA. For more information visit, For more information, please visit www.managedstorage.com or call 1-800-397-1719. |
