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Technology Stocks : Internap Network Services Corporation

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To: Dave B who wrote (659)12/9/2003 9:37:54 AM
From: Dave B  Read Replies (1) of 1011
 
Internap and Hitachi Software Expand IP Videoconferencing Capabilities in Japan

ATLANTA & ALAMEDA, Calif.--(BUSINESS WIRE)--Dec. 9, 2003--
VTV Japan, Japan's Leading Videoconference System Specialist, Joins Internap, Internap Japan and Hitachi Software Engineering America to Deliver IP-based Interactive Videoconferencing Solutions

Internap(R) Network Services Corporation (Nasdaq:INAP), the leading provider of performance-based routing services over the Internet, and Hitachi Software Engineering America Ltd, a systems integrator and provider of IP-based interactive videoconferencing solutions, today announced that VTV Japan has joined with Internap, Internap Japan and Hitachi to deliver integrated IP-based videoconferencing solutions between the U.S. and Japan.

This latest agreement builds on Internap and Hitachi Software Engineering America's recently announced partnership to deliver IP videoconferencing solutions. As Japan's leading videoconference specialist, VTV Japan adds extensive integration capabilities, including installation, training and support.

"From consultation, hardware and software, to IP services and installation, together our companies can now offer best-of-breed interactive IP videoconference solutions," said Dave Abrahamson, vice president of sales and chief marketing officer at Internap. "VTV brings the videoconference expertise and Japanese market experience that complements our existing relationships with Internap Japan and Hitachi Software Engineering America."

VTV Japan offers a range of videoconference services including system design, confirmation of system performance, installation, training and maintenance support. VTV Japan also offers videoconferencing system and public videoconferencing room rental. Customers include large Japanese corporations, such as SOFTBANK and ORIX, as well as the Japanese subsidiaries of multinationals like COACH and Ericsson.

"VTV Japan will work closely with Internap and Hitachi Software Engineering America to co-market our services to our complementary customer bases both in Japan and the U.S.," said Masanori Kayano, president of VTV Japan. "The bottom line for this alliance is that customers will benefit from our combined core competencies in delivering high-performance IP videoconferencing services."

According to InStat/MDR (June 2002), IP video call revenue will increase from $946.5 million in 2003 to $2.5 billion by 2006. A number of technological factors have converged to make videoconferencing more attractive than ever. IP-based videoconferencing systems offer better performance and more reliable audio and video, at a significantly lower cost than traditional ISDN-based videoconferencing. In addition to reducing travel expenses and accelerating decision-making, IP videoconferencing promotes real-time collaboration through incorporating other presentation tools like whiteboards and Websites.

About VTV Japan

Founded in 1995, VTV Japan is the leading videoconference system specialist in Japan. VTV Japan provides videoconferencing solutions for organizations that need to improve their traditional communications. As the first vendor of videoconference systems in Japan, VTV Japan provides videoconference systems, consulting, systems integration, system rental and public videoconference room rental. For more information about VTV Japan, please visit www.vtv.co.jp.

About Hitachi Software Engineering America

Founded in 1991, Hitachi Software Engineering America, Ltd., a subsidiary of Hitachi Software Engineering Co., Ltd. and part of the Hitachi Group of Hitachi, Ltd. (NYSE:HIT), provides technology-based services to enhance its customers' businesses through value-added professional services, consulting and support, and state-of-the-art multimedia presentation and conferencing systems in the U.S.

Leading the future of collaboration, Hitachi Software's Interactive Videoconferencing Solution combines its PC data sharing Starboard Software 5.1 and the Starboard line of interactive presentation systems with videoconferencing systems from other leading technology vendors. Hitachi Software adds robust interactive elements and a powerful data-collaboration feature to conventional videoconferencing.

For more information about Hitachi Software Engineering America, please visit www.hitachi-soft.com.

About Internap Japan

Founded in April 2001, Internap Japan Co., Ltd. is a joint venture between Internap Network Services (51 percent), NTT-ME (40 percent) and Nippon Telegraph and Telephone Corporation (NYSE: NTT) (9 percent). The company provides high-performance/quality broadband Internet services to ISPs and content delivery companies using Internap's intelligent routing service and technology.

About Internap

Internap offers business customers high performance IP services through a portfolio of Internet-based solutions that utilize all major domestic IP backbones. The company's patented and patent-pending route management technology and industry-leading service level guarantees provide 100 percent Internet availability, allowing customers to bypass congestion points and avoid other difficulties that plague conventional Internet connectivity. Internap's portfolio of services also includes: colocation, content distribution, managed security and managed storage solutions.

Internap currently serves more than 1,500 Fortune 1000 and mid-tier business customers in the financial services; travel/hospitality; manufacturing; media/entertainment; technology and retail industries. The company provides 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, D.C. For more information, please visit www.internap.com.

Internap and P-NAP are registered trademarks of Internap. All other trademarks and brands are the property of their respective owners.

Contacts


Internap
David Sutton, 404-302-9721 (Media)
dsutton@internap.com
David Buckel, 404-302-9846 (Investors)
dbuckel@internap.com
or
Blanc and Otus
Wade Coleman, 678-477-1128
wcoleman@bando.com
or
Hitachi Software
Alice Wu, 510-748-7602
awu@hitachi-soft.com
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