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Internap Network Services Corporation (INAP)

  • Yesterday, 10:36 AM
    • Internap (NASDAQ:INAP) has hired Morgan Stanley and law firm Greenberg Traurig to help evaluate its strategic options.
    • The company doesn't formally state a sale is among the options being explored, but does suggest it. CEO Michael Ruffolo: "Internap is well positioned in an industry that is rapidly consolidating. We have been consulting with our advisors regarding industry developments and Internap's unique assets and market position."
    | Yesterday, 10:36 AM | 2 Comments
  • Oct. 30, 2013, 4:53 PM
    • Internap Network Services (INAP) acquires hosting and cloud provider iWeb for $145M.
    • iWeb had TTM revenue of $44M and EBITDA of $11M. It has 10K customers in over 100 countries and 200 employees.
    • PRConference call at 8am ET tomorrow
    | Oct. 30, 2013, 4:53 PM | Comment!
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Company Description
Internap Corp is engaged in providing information technology infrastructure services. The Company provides services at data centers across North America, Europe and the Asia-Pacific region and through Internet Protocol service points.