Internap
| File:Logo for Internap Holding LLC (INAP).svg | |
| Company type | Private |
|---|---|
| Nasdaq: INAP | |
| Industry | IT infrastructure services |
| Founded | 1996 |
| Headquarters | Norcross, Georgia, United States |
Key people | John Scanlon, President and Chief Executive Officer |
| Products | Hosting, Data Center, Cloud Computing |
| Revenue | $317 million (2018) |
Number of employees | 100 (approximate) |
| Template:Infobox network service provider | |
| Website | inap.com |
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Internap Holding LLC, formerly known as Internap Corporation and operating under the name INAP, specializes in providing data center and cloud computing solutions. Based in Norcross, Georgia, the firm manages data centers throughout North America, EMEA, and the Asia-Pacific region. INAP offers a range of services including Performance IP, hosting, cloud, colocation, and hybrid infrastructure through Private Network Access Points (P-NAP) situated in strategic international locations.
History
Established in 1996 in Seattle, Washington, INAP went public with an IPO in 1999. Its Managed Internet Route Optimizer (MIRO), a patented technology, received recognition from the Smithsonian Institution in 2000.
Peter Aquino assumed the roles of president and CEO in September 2016, bringing prior leadership experience as chairman and CEO of Primus Telecommunications Group. His predecessor, Mike Ruffolo, led the company from 2015 to 2016 after serving as CEO at Crossbeam Systems.
In 2011, INAP introduced the industry's first commercially available OpenStack Cloud Compute offering. That same year, its Santa Clara data center achieved Green Globe certification for environmental sustainability.
Daniel C. Stanzione has served as non-executive chairman since 2009 and has been a board member since 2004.
On February 28, 2018, INAP expanded its cloud and hosting portfolio by acquiring SingleHop for $132 million in cash.
After encountering financial difficulties, INAP filed for Chapter 11 bankruptcy protection on March 16, 2020. The company successfully emerged from bankruptcy by May with an improved strategic outlook. Shortly afterward, it divested its Houston colocation operations to Netrality.
In mid-2021, INAP sold Ubersmith to Lumine Group and transferred ownership of its Canadian data centers—operating under the iWeb brand—to Leaseweb.
The asset divestiture continued into 2022 with the sale of network business assets to Unitas Global and nine colocation facilities to Evocative.
A ransomware incident in September 2022 targeting INAP’s ServerIntellect service resulted in the termination of multitenant hosting offerings due to concerns over data loss.
INAP filed for Chapter 11 bankruptcy once more in April 2023, completing a recapitalization process by August that shifted control to its lenders.
On January 24, 2024, the organization underwent rebranding to become HorizonIQ, reflecting a renewed strategic direction.
Acquisitions and growth
INAP entered the data center services sector in 2000 by acquiring CO Space, which has since become a significant contributor to its revenue. That same year, the company also purchased VPNX.com, a managed VPN provider. In February 2007, INAP enhanced its content delivery network by acquiring VitalStream Holdings. Early in 2012, it expanded scalable hosting and cloud capabilities through the acquisition of Voxel Holdings, Inc., targeting enterprise clients. In November 2013, INAP further broadened its global footprint by acquiring iWeb, a Montreal-based provider specializing in hosting and cloud services.