Internap Eyes Expansion; Names New CFO

ATLANTA, Ga. — Atlanta-based Internap Network Services Corp. (NASDAQ: INAP) has named George E. Kilguss III as chief financial officer.

In announcing the appointment, Internap described Kilguss as a well-rounded executive, with a successful track record in the communications technology and investment banking sectors.

He assumes the post April 7.

Most recently, Kilguss served as CFO of Towerstream (NASDAQ: TWER), which delivers high-speed wireless Internet access to businesses in major metropolitan markets using WiMAX microwave access. There, he raised capital needed to enter eight new markets and orchestrated the company’s initial public offering.

Prior to that, he was CFO of Stratos Global in Toronto, where he led consolidation and acquisition initiatives that resulted in a series of transactions that grew revenues for its remote communication products from $3 million to $300 million over four years, the announcement said.

He is also a former partner of Riparian Partners and vice president of Fleet Financial Group’s Investment Bank.

“George’s skills and experience as a seasoned CFO with publicly traded, high-growth technology companies, combined with his hands-on knowledge of the financial markets will help drive Internap's expansion into new areas,” said James P. DeBlasio, chief executive officer at Internap, a global provider of end-to-end Internet business solutions for managing, delivering and distributing applications and content.

Kilguss earned his M.B.A. in finance and accounting at the University of Chicago’s Graduate School of Business and his B.S. in economics and finance from the University of Hartford.