HostReview.com Thursday, February 19, 2004; 12:00 AM
ATLANTA, GA and CAMBRIDGE,
MA – February 19, 2004 – Internap Network Services Corporation
(AMEX: IIP), a leading provider of high performance, managed Internet
connectivity solutions to business customers, and Akamai Technologies,
Inc. (NASDAQ: AKAM), the global leader in distributed computing solutions
and services, announced today that they have entered into an agreement
that will allow the companies to drive additional content and applications
delivery revenue for Akamai, and seize opportunities to capture additional
IP services revenue for Internap.
As part of the expanded
relationship, Akamai will serve as the preferred content and applications
delivery provider for Internap’s customers, and will become Internap’s
only actively sold and marketed content and applications delivery provider.
The agreement broadens the current relationship between the companies,
which already provides for joint sales and marketing programs, including
regional sales events, coordinated lead generation as well as sales and
customer incentives. To date, the joint Internap-Akamai value proposition
has yielded key contract wins, including e-business leaders Hollywood.com,
Logitech, The Seattle Times Company, Travelocity, Value Line and WebMD.
“Internap has
consistently proven itself in the intelligent route control market,”
said Michael Ruffolo, Chief Operating Officer of Akamai. “Akamai
and Internap have synergistic value propositions that utilize advanced
technology to facilitate the delivery of premium Internet services to
customers. Internap is one of our largest and most successful sales channels.
This addition to our current relationship with Internap will allow us
to more fully leverage our complementary strengths.”
The combination of
Internap’s high performance IP services and Akamai’s edge
computing solutions creates a holistic, edge-to-edge IP services solution
designed to deliver maximum value to customers. Together, the coordinated
service offering addresses the major challenges to deploying mission-critical,
revenue generating applications over the Internet: predictability, reliability
and security.
Customers can cost
effectively extend and control their e-business activities via Akamai’s
unique, globally-distributed computing infrastructure and gain detailed
visibility and understanding of application usage and performance. Meanwhile,
they can simultaneously leverage Internap’s core intelligent route
control and data center services to ensure improved performance and reliability
of their IP network infrastructure.
“Leveraging
Akamai as the market leader in content and application delivery, with
its extensive relationships with IP-centric businesses, will provide Internap
with additional growth opportunities and a means to deepen our relationships
with customers,” said Dave Abrahamson, Internap’s Chief Marketing
Officer and Vice President of Sales.
# # #
About Akamai Akamai® is the global leader in distributed computing
solutions and services, making the Internet predictable, scalable, and
secure for conducting profitable e-business. The Akamai on demand platform
enables customers to easily extend their Web operations – with full
control – anywhere, anytime, without the cost of building out infrastructure.
Headquartered in Cambridge, Massachusetts, Akamai serves hundreds of today’s
most successful enterprises and government agencies around the globe.
Akamai is The Business Internet. For more information, visit www.akamai.com.
Akamai Statement Under
the Private Securities Litigation Reform Act
The release contains information about future expectations, plans and
prospects of Akamai's management that constitute forward-looking statements
for purposes of the safe harbor provisions under The Private Securities
Litigation Reform Act of 1995. Actual results may differ materially from
those indicated by these forward-looking statements as a result of various
important factors including, but not limited to, lack of market acceptance
of our services, the effects of any attempts to intentionally disrupt
our services or network by hackers or others, failure to have available
sufficient transmission capacity, a failure of Akamai's network infrastructure,
and other factors that are discussed in the Company's Annual Report on
Form 10-K, quarterly reports on Form 10-Q, and other documents periodically
filed with the SEC.
About Internap
Internap provides high performance, managed Internet connectivity solutions
to business customers who require guaranteed network availability and
high performance levels for business-critical applications, such as e-commerce,
video and audio streaming, voice over Internet Protocol, virtual private
networks and supply chain management. Internap’s proprietary route
optimization technology monitors the performance of these Internet networks
and allows us to intelligently route our customers’ Internet traffic
over the optimal Internet path in a way that minimizes data loss and network
delay. Its service level agreements guarantee performance across the entire
Internet in the United States, excluding local connections, whereas conventional
Internet connectivity providers typically only guarantee performance on
their own network. Internap provides services to customers in various
industry verticals, including financial services, entertainment and media,
travel, e-commerce retail, and technology. As of December 31, 2003, Internap
provided its services to over 1,600 customers in the United States and
abroad, including approximately 70 customers in the Fortune 1000 companies.
Internap "Safe
Harbor" Statement
Certain information included in this press release constitutes forward-looking
statements within the meaning of the Private Securities Litigation Reform
Act of 1995. All statements, other than statements of historical facts,
including, among others, statements regarding our future financial position,
business strategy, projected levels of growth, projected costs and projected
financing needs, are forward-looking statements. Those statements include
statements regarding the intent, belief or current expectations of Internap
and members of our management team, as well as the assumptions on which
such statements are based, and equally are identified by the use of words
such as “may,” “will,” “seeks,” “anticipates,”
“believes,” “estimates,” “expects,”
“projects,” “forecasts,” “plans,”
“intends,” “should” or similar expressions. Forward-looking
statements are not guarantees of future performance and involve risks
and uncertainties that actual results may differ materially from those
contemplated by forward-looking statements. Important factors currently
known to our management that could cause actual results to differ materially
from those in forward-looking statements include, but are not limited
to: our ability to achieve profitability or positive free cash flow; our
ability to secure adequate funding; the incurrence of additional restructuring
charges; the success of our recent operational restructurings; our ability
to compete against existing and future competitors; pricing pressures;
our ability to deploy new access points in a cost-efficient manner; our
ability to successfully complete future acquisitions; risks associated
with international operations; the availability of services from Internet
network service providers; failure of suppliers to deliver their products
and services as agreed; failures in our network operations centers, network
access points or computer systems; fluctuations in our operating results;
our ability to operate in light of restrictions in our existing credit
facility, the terms of our master lease agreement with our principal supplier
and the terms of our series A preferred stock; our ability to protect
our intellectual property; our ability to attract and retain qualified
personnel; the outcome of our securities litigation; litigation due to
infringement of third party intellectual property rights; evolution of
the high performance Internet connectivity and services industry; our
ability to respond to technological change; our ability to protect ourselves
and our customers from security breaches; effects of terrorist activity;
government regulation of the Internet; the dilutive effects of our stock
price due to our convertible series A preferred stock and warrants; the
senior payment rights of our series A preferred stock; the control rights
of the holders of our series A preferred stock; future sales of stock;
and volatility of our stock price. These risks and others are discussed
in more detail in our Current Report on Form 8-K filed with the SEC on
January 13, 2004 and our other filings with the SEC. We believe these
forward-looking statements are reasonable; however, undue reliance should
not be placed on any forward-looking statements, which are based on current
expectations. Further, forward-looking statements speak only as of the
date they are made, and we undertake no obligation to update or revise
forward-looking statements to reflect changed assumptions, the occurrence
of unanticipated events or changes to future operating results over time
unless required by law.
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Internap and P-NAP
are registered trademarks of Internap. All other trademarks and brands
are the property of their respective owners.
Contacts
Internap,
Media Contact
David Sutton
(404) 302-9721
dsutton@internap.com
Internap, Investor
Contact
David Buckel
(404) 302-9846
dbuckel@internap.com
Akamai, Media Contact
Jeff Young
(617) 444-3913
jyoung@akamai.com
Akamai, Investor Contact
Sandy Smith
(617) 444-2804
ssmith@akamai.com
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