Executives combine expertise in network engineering, product management and business development with proven success in driving long-term profitable growth
ATLANTA, October 26, 2009 — Internap Network Services Corporation (NASDAQ: INAP), a global provider of end-to-end Internet business solutions, today announced two new additions to its senior management team. Scott Hrastar has been named senior vice president of IP services and will be responsible for leading business, engineering and product development initiatives for the company’s IP and Content Delivery Network (CDN) Services product units. Robert Minnear has been appointed vice president of engineering and will drive strategy and execution across the Internap engineering organization.
“Scott and Bobby bring to Internap a powerful combination of industry-specific experience along with a focus on driving sustainable profitability,” said Internap President and CEO, Eric Cooney. “What impressed us the most was that each has a demonstrated track record of combining technical expertise with leadership skill that will enable us to bring the best possible IP services and CDN solutions to market efficiently and profitably.”
Hrastar has more than 20 years of technical and management experience in the IP networking industry. Before joining Internap, he served as entrepreneur-in-residence at Georgia Tech University’s Advanced Technology Development Center where he provided counsel to many early stage companies. His career includes roles of increasing responsibility in research and development as well as product and business management with global leaders in the technology, scientific and defense industries, including AirDefense Inc., where he was founder, chief technical officer, and senior vice president of product development. He also held senior roles at Hitachi Telecom, Lancope, Pathfire, and Scientific Atlanta, among others. Hrastar holds a bachelor’s degree in electrical engineering from Ohio State University and a doctoral degree in electrical engineering from Georgia Tech. He holds 25 patents and currently has seven patents pending.
With nearly 20 years of experience in the IP networking and CDN industries, Minnear comes to Internap after leading engineering initiatives at Asankya, a cloud-acceleration services company. Over the course of his career, he has held numerous development and leadership positions, including overseeing the IP routing team at Ipsilon Networks, an early developer of tag switching capabilities that were the precursor to MPLS routing. He founded Springbank Networks, a startup company focused on developing CDNs for ISPs, which was later acquired by WAN application delivery leader Blue Coat Systems. He also spent four years at Tall Maple Systems, where he led the development of application management platforms for Internet appliances. Minnear began his focus on IP networking while obtaining his master’s degree at Purdue University, continuing this emphasis at MIT where he worked to address quality of service for IP infrastructures with some of the experts that were key to defining the early TCP/IP protocol.
“The expansion of the senior management team with experienced industry executives like Scott and Bobby is part of a larger strategy to ensure that Internap continues to provide the innovation and solutions required to power Internet-based applications,” said Cooney. “The success of key industry trends – such as VoIP, unified communications, cloud computing, and virtualized applications – is inextricably tied to highly predictable and available IP networking with a guarantee of performance. At Internap, we will continue to lead, innovate and deliver on the promise of predictable IP network performance.”
Internap is a leading Internet solutions company that provides The Ultimate Online Experience® by managing, delivering and distributing applications and content with 100 percent performance and reliability. With a global platform of data centers, managed Internet services and a content delivery network (CDN), Internap frees its customers to innovate, improve service levels, and lower the cost of IT operations. More than 3,000 companies across the globe trust Internap to help them achieve their Internet business goals. For more information, visit http://www.internap.com
Internap “Safe Harbor” Statement
This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Because such statements are not guarantees of future performance and involve risks and uncertainties, there are important factors that could cause Internap’s actual results to differ materially from those in the forward-looking statements. These statements include Internap’s ability to respond successfully to technological change and the severe economic downturn, which has required it to continue to lower the cost of its products; the availability of services from Internet network service providers or network service providers providing network access loops and local loops on favorable terms, or at all; failure of third party suppliers to deliver their products and services on favorable terms, or at all; failures in its network operations centers, data centers, network access points or computer systems; develop, provide or improve products or Internet infrastructure services to our customers; and its ability to protect its intellectual property, as well as other factors discussed in Internap’s filings with the Securities and Exchange Commission. Internap undertakes no obligation to revise or update any forward-looking statement for any reason.