Internap Network Services announced Wednesday that it has gained approval to move from the American Stock Exchange to the NASDAQ Stock Market. Internap's stock will now be listed on the NASDAQ Global Market, formerly known as the NASDAQ National Market. Internap common stock will begin trading on the NASDAQ Global Market by the end of September 2006. At that time, the stock will return to its original stock symbol, INAP.
"Building upon our strong financial performance in the first half of 2006 and achieving profitability for the first time in the company's history, our return to the NASDAQ is yet another successful step in our path forward as Internap marks its 10 year anniversary," said James P. DeBlasio, chief executive officer of Internap.
Since 2004, Internap stock has been trading on the American Stock Exchange (AMEX) under the symbol IIP. The move back to the NASDAQ places Internap among its peer group of global technology companies.
Internap provides intelligent routing solutions, providing efficient traffic management for companies deploying business-critical applications such as e-commerce, Voice-over-IP (VoIP), video-conferencing and streaming audio/video across the Internet. Internap currently serves more than 2,100 customers, including Fortune 1000 and mid-tier enterprises in North America, Europe, Asia and Australia.