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June 16, 2003 — (WEB HOST INDUSTRY REVIEW) — Internap Network Services Corporation (internap.com) announced today that it is currently in ?advanced discussions? to acquire Fremont, California-based netVmg (netvmg.com), a developer of Internet route control technology.
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The company said the potential acquisition would make it the only single source provider of both network-based and premises-based routing services.
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Internap reports that discussions have progressed beyond the preliminary state and a transaction could be completed within weeks.
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Internap offers enterprise customers enhanced network services through a portfolio of Internet-based solutions.
