Internap Selected by Forbes as One of America’s Most Trustworthy Companies
ATLANTA – April 24, 2012 ─ Internap Network Services Corporation (NASDAQ: INAP), a provider of intelligent IT Infrastructure services, today announced that it has been named to Forbes’s list of America’s Most Trustworthy Companies, in the small-cap category. Now in its fifth year, the list identifies 100 organizations publicly traded on U.S. exchanges – from an initial group of more than 8,000 – that have consistently demonstrated transparent and conservative accounting practices and solid corporate governance and management.
GMI Ratings (GMI), a corporate governance research and rating agency, assisted Forbes with the selection process by providing quantitative and qualitative assessments of corporate accounting and management practices. Every three months, GMI assigned each company an accounting and governance risk (AGR) score, based on a proprietary model designed to identify practices that have historically had a high correlation with increased shareholder risk.
The 100 companies named were required to have: an AGR rating of “conservative” or “average” during the last four quarters; a market cap of at least $250 million; and no amended filings, enforcement actions or material restatements with the Securities and Exchange Commission. The companies named to the list, were also required to rate highly in GMI’s Equity Risk Ranking, which indicates a positive forecast for equity returns, and have minimal likelihood of financial distress, as measured by GMI’s Bankruptcy Risk Model.
“We are honored to be recognized for our ongoing efforts to increase transparency and continually improve governance,” said Eric Cooney, president and CEO at Internap. “We consciously work to make forthrightness and candor part of our everyday approach to business. Internap’s customers, stockholders, and employees deserve nothing less.”
Internap provides intelligent IT Infrastructure services that combine unmatched performance and platform flexibility to enable our customers to focus on their core business, improve service levels and lower the cost of IT operations. Our unique trio of route-optimized enterprise IP, TCP acceleration and a global content delivery network improves website performance and delivers superior end-user experiences. Our scalable colocation, managed hosting, private cloud, public cloud and hybrid offerings provide enterprises the flexibility to adapt to changing business needs and future-proof their IT Infrastructure. Since 1996, thousands of companies have entrusted Internap with the protection and delivery of their online applications. Transform your IT Infrastructure into a competitive advantage with IT IQ from Internap. For more information, visit https://www.inap.com, our blog at https://www.inap.com/blog or follow us on Twitter at https://twitter.com/internap.
Internap Media ContactKelly Elverson
Investor ContactAndrew McBath