Internap Network Services Corporation (INAP) Market Research Report

Background

Company Overview

Internap Network Services Corporation, now known as HorizonIQ, is a provider of data center and cloud computing services. Founded in 1996 and headquartered in Norcross, Georgia, the company has data centers across North America, Europe, and the Asia-Pacific region. HorizonIQ offers Performance IP, hosting, cloud, colocation, and hybrid infrastructure services through Private Network Access Points (P-NAP) in various global locations.

Mission and Vision

HorizonIQ's mission is to deliver high-performance internet infrastructure solutions that empower businesses to focus on their core operations, enhance service levels, and reduce IT operational costs. The company's vision is to be a leading provider of intelligent IT infrastructure services, offering a comprehensive suite of solutions that include cloud, hosting, and colocation services.

Primary Area of Focus

The company's primary focus is on providing high-performance internet infrastructure services, including cloud computing, hosting, colocation, and hybrid infrastructure solutions. These services are designed to meet the needs of businesses requiring reliable and scalable IT infrastructure.

Industry Significance

HorizonIQ has played a significant role in the IT infrastructure industry by offering innovative solutions such as the world's first commercially available OpenStack Cloud Compute service in 2011. The company has also been recognized for its commitment to sustainability, with its Santa Clara data center becoming the first commercial data center in the U.S. to achieve the Green Building Initiative's Green Globe certification in June 2011.

Key Strategic Focus

Core Objectives

Performance Optimization: Delivering high-performance internet infrastructure solutions that ensure reliability and scalability for mission-critical applications.

Service Diversification: Expanding service offerings to include cloud computing, hosting, colocation, and hybrid infrastructure solutions to meet diverse customer needs.

Global Expansion: Establishing a global presence with data centers across North America, Europe, and the Asia-Pacific region to serve a wide range of customers.

Specific Areas of Specialization

Cloud Computing: Providing scalable and flexible cloud services tailored to various business requirements.

Hosting Services: Offering managed hosting solutions that ensure optimal performance and security for client applications.

Colocation Services: Delivering secure and reliable colocation facilities for businesses seeking to house their IT infrastructure.

Key Technologies Utilized

OpenStack Cloud Compute: Leveraging OpenStack technology to offer flexible and scalable cloud computing services.

Performance IP Routing: Utilizing route-optimized Performance IP services to ensure efficient and reliable data transmission.

Green Data Center Practices: Implementing sustainable practices in data center operations to minimize environmental impact.

Primary Markets Targeted

Enterprise Businesses: Providing robust IT infrastructure solutions for large-scale enterprises.

Online Gaming Companies: Offering high-performance hosting and network services tailored to the needs of online gaming companies.

Media and Entertainment Industry: Serving the media and entertainment sector with reliable and scalable data center services.

Financials and Funding

Funding History

HorizonIQ has undergone significant financial restructuring, including filing for Chapter 11 bankruptcy in 2020 and 2023. The company emerged from these proceedings with a focus on its cloud and colocation services.

Total Funds Raised

Specific details regarding the total funds raised by HorizonIQ are not publicly disclosed.

Recent Funding Rounds

The company has not publicly announced recent funding rounds.

Notable Investors

Information about notable investors in HorizonIQ is not publicly available.

Intended Utilization of Capital

The capital raised has been utilized to support the company's transition to a cloud-focused business model, including investments in infrastructure, technology, and service expansion.

Pipeline Development

Key Pipeline Candidates

HorizonIQ is focusing on enhancing its cloud and colocation services, with an emphasis on bare-metal cloud offerings and secure storage solutions.

Stages of Development

Cloud Services: Ongoing development to expand and enhance cloud service offerings.

Colocation Services: Continuous improvement and expansion of colocation facilities to meet customer demands.

Target Conditions

The company aims to address the growing demand for scalable and reliable IT infrastructure solutions across various industries.

Relevant Timelines for Anticipated Milestones

Specific timelines for upcoming milestones are not publicly disclosed.

Technological Platform and Innovation

Proprietary Technologies

Managed Internet Route Optimizer (MIRO): A patented technology that optimizes internet routing to enhance performance and reliability.

Significant Scientific Methods

OpenStack Cloud Compute: Utilizing OpenStack technology to provide flexible and scalable cloud computing services.

Green Data Center Practices: Implementing sustainable practices in data center operations to minimize environmental impact.

Leadership Team

Key Executive Profiles

John Scanlon: President and Chief Executive Officer. John has extensive experience in the IT infrastructure industry and has been instrumental in leading HorizonIQ's strategic direction.

Ali Marashi: Chief Financial Officer. Ali brings a wealth of financial expertise to the company, overseeing financial operations and strategy.

Leadership Changes

In September 2016, Peter Aquino was named President and CEO of Internap. He previously served as chairman and CEO, and later executive chairman, of Primus Telecommunications Group, Inc.

Competitor Profile

Market Insights and Dynamics

The IT infrastructure market is characterized by rapid technological advancements and increasing demand for scalable and reliable services. Companies are focusing on innovation and expansion to meet the evolving needs of businesses.

Competitor Analysis

Amazon Web Services (AWS): A leading provider of cloud computing services, offering a wide range of scalable and flexible solutions.

Microsoft Azure: A comprehensive cloud platform providing a variety of services, including computing, analytics, storage, and networking.

Google Cloud Platform: Offers cloud computing services with a focus on data analytics, machine learning, and open-source technologies.

Strategic Collaborations and Partnerships

HorizonIQ has engaged in strategic partnerships to enhance its service offerings and expand its market reach. Specific details about these collaborations are not publicly disclosed.

Operational Insights

HorizonIQ differentiates itself through its focus on high-performance internet infrastructure, leveraging proprietary technologies like MIRO and OpenStack to deliver optimized services. The company's commitment to sustainability and green data center practices further enhances its competitive position.

Strategic Opportunities and Future Directions

HorizonIQ is well-positioned to capitalize on the growing demand for cloud and colocation services. The company's focus on bare-metal cloud offerings and secure storage solutions aligns with industry trends towards performance-intensive applications. Future growth may involve expanding service offerings, enhancing technological capabilities, and exploring new market segments.