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Internap and Akamai Broaden Joint Sales and Marketing Initiatives
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 partner. 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: |
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David Sutton Media Contact Internap (404) 302-9721 dsutton@internap.com |
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David Buckel Investor Contact Internap (404) 302-9846 dbuckel@internap.com |
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Jeff Young Media Contact Akamai Technologies Inc. (617) 444-3913 jyoung@akamai.com |
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Sandy Smith Investor Contact Akamai Technologies Inc. (617) 444-2804 ssmith@akamai.com |
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 partner. 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.
