Internap Exploring Strategic Alternatives
Staff Report From Metro Atlanta CEO
Thursday, September 3rd, 2015
Internap Corporation, a provider of high-performance Internet infrastructure services, today announced that the Company is exploring strategic alternatives to maximize shareholder value. The Board of Directors created a Strategy Committee of independent directors early this year. Morgan Stanley & Co. LLC and Greenberg Traurig, LLP have been advising the committee on strategic and legal matters.
"Internap is well positioned in an industry that is rapidly consolidating," said Michael Ruffolo, president and chief executive officer of Internap. "We have been consulting with our advisors regarding industry developments and Internap's unique assets and market position. Regardless of the outcome of the process, we remain singularly focused on providing our customers with high-performance infrastructure solutions and building trusted customer relationships."
There can be no assurance that the Company's review of strategic alternatives will result in any transaction. The Company does not intend to make further public comment regarding these matters during the strategic review and exploration process.