Internap Names Michael Ruffolo as President and CEO
ATLANTA – May 7, 2015 – Internap Corporation (NASDAQ: INAP), a provider of high-performance Internet infrastructure services, today announced the appointment of Michael A. Ruffolo as president and chief executive officer, effective May 11, 2015. Mr. Ruffolo has more than 25 years of leadership experience in high technology, with a strong track record of driving profitable revenue growth, customer acquisition and retention and technology innovation. Most recently, Mr. Ruffolo has served on Internap’s board of directors since 2010 and as executive chairman of Edgeware, a video delivery network provider. From 2010 to 2012, Mr. Ruffolo was president and chief executive officer of Crossbeam Systems, Inc., a network security platform provider.
Dan Stanzione, chairman of the Internap board said, “Mike is an experienced CEO with a deep knowledge of the industry and an exceptional record of driving both innovation and growth. We believe his skills and ability will result in an acceleration of Internap’s growth and further strengthen the company’s position in the marketplace. We are fortunate to have him leading the company.”
Mr. Ruffolo stated, “The key to success in our fast-growing industry is clear and simple. Winning companies focus on the needs of customers and work hard to earn their trust and enduring loyalty. At Internap, we are winning by focusing on our customers’ need for high-performance infrastructure. Going forward, we will drive accelerated growth as we continue to build trusted customer relationships.”
Mr. Ruffolo succeeds Eric Cooney, who has resigned after serving as president, CEO and director of Internap since 2009. Mr. Cooney commented, “Mike is a seasoned operational executive with keen strategic insights. With five years on Internap’s Board, Mike’s knowledge of the company and our strategy enables him to hit the ground running. I wish Mike and the Internap team incredible success in continued shareholder value creation.”
Dr. Stanzione added, “Since joining Internap in March 2009, Eric’s track record includes a strategic transformation of our business, significant strengthening of our operational capabilities and a multifold increase in shareholder value. On behalf of our company and our board, I thank him for his accomplishments and his service as our chief executive officer and a director.”
Mr. Ruffolo, 53, has extensive experience leading high technology companies, including a strong background in global sales and marketing, operations, information technology management and professional services. Prior to serving as president and CEO of Crossbeam Systems, Mr. Ruffolo was chairman and chief executive officer of Liquid Machines, Inc., a provider of enterprise rights management solutions. Previously, Mr. Ruffolo held the positions of executive vice president and chief operating officer at Akamai Technologies, executive vice president of global sales, services and marketing at EMC Corporation and vice president and chief information officer at the NCR Corporation. Mr. Ruffolo holds a Masters in Business Administration from the Harvard Graduate School of Business and a Bachelor of Science degree from the University of Dayton. He also has post-graduate education in advanced management from the European Institute of International Business in Fountainebleau, France.
Internap is the high-performance Internet infrastructure provider that powers the applications shaping the way we live, work and play. Our hybrid infrastructure delivers performance without compromise – blending virtual and bare-metal cloud, hosting and colocation services across a global network of data centers, optimized from the application to the end user and backed by rock-solid customer support and a 100% uptime guarantee. Since 1996, the most innovative companies have relied on Internap to make their applications faster and more scalable. For more information, visit www.internap.com.
This press release contains forward-looking statements. These forward-looking statements include statements related to the expected contributions and impact of new personnel and our ability to accelerate growth and strengthen the company’s position in the marketplace. Because such statements are not guarantees of future performance and involve risks and uncertainties, there are important factors that could cause our actual results to differ materially from those in the forward-looking statements. These factors include our ability to successfully integrate new personnel into our organization; our ability to execute on our business strategy; the robustness of the IT infrastructure services market; our ability to achieve or sustain profitability; our ability to expand margins and drive higher returns on investment; our ability to complete expansion of company-controlled data centers within the expected timeframe; our ability to sell into new data center space; the actual performance of our IT infrastructure services; our ability to maintain current customers and obtain new ones, whether in a cost-effective manner or at all; our ability to correctly forecast capital needs, demand planning and space utilization; our ability to respond successfully to technological change and the resulting competition; 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 our network operations centers, data centers, network access points or computer systems; our ability to provide or improve Internet infrastructure services to our customers; and our ability to protect our intellectual property, as well as other factors discussed in our filings with the Securities and Exchange Commission. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results. We undertake no obligation to update, amend or clarify any forward-looking statement for any reason.
Press ContactMariah Torpey
Davies Murphy Group
Investor ContactMichael Nelson