 |
Dr. Don McNally, VP of
Corporate Development, and one of the founding members of NetAccess, sees
the occasion as an opportunity to reflect on the company's inception and
on the remarkable development of the Internet itself. "In March 1993 a
couple of us sat in my study and drafted the prospectus for a new company"
says McNally. "It was designed to take our research experience with the
Internet into the world of business, and we decided to call the new
venture NetAccess Systems Inc. Little did we know then that we were
embarking on a business adventure that would unfold within one of the most
dynamic decades of telecommunications development in history."
In a recent article for Panorama,
the monthly publication of the Hamilton Chamber of Commerce, Dr. McNally
highlighted some key points of development in the evolution of the
Internet:
- Unlike traditional communications networks
such as a telephone network or radio network that had operated within a
single service mode, the Internet forged a new alliance between
computing and communications using a single digitized communication
system that could be used by a wide variety of specialized applications.
The possibilities were endless.
- Although the origins of the Internet can be
traced back to late 1950's with the formation the Advanced Research
Projects Agency (ARPA), it was only in 1991 that the first commercial
Internet Services outside Government and Education became available. The
early IAP (Internet Access Provider) evolved into the ISP during this
period and very quickly became part of an aggressively expanding
market.
- From this point the move to the commercial
Internet was remarkably swift with the number of users on the Internet
doubling in size every 8 to 12 months. The rapid expansion of the
Internet produced a vibrant ISP retail market that was aggressively
open. This expansive phase lasted from 1994 - 1999 in which tens of
thousands of ISPs operated in a rapidly expanding
market.
- At the peak of this development there was
nearly one ISP for every 6000 users. As the number of ISPs increased,
the economies of scale also came into play. Internet access became more
a market commodity under prolonged price pressure. When growth slowed, a
new wave of competitive pressures caused the collapse of poorly
structured ISPs resulting in a market shakeout. To survive, ISP's had to
focus on value added service features. Those who made this transition
were able to assimilate new technologies, offer new services, and remain
viable.
McNally vividly recalls the stages of evolution
NetAccess experienced to become a full Internet Service Provider. "One of
the keys to success for NetAccess," he stresses, "continues to be its
client-centred focus. Technology is great, but what really matters is how
clients can make use of this technology to improve their business."
NetAccess actively works with every client to make the Internet a
productive business tool. Another notable strength of the company has been
its success in attracting experienced business leaders to its board of
directors. Prominent businessman Dr. Douglas Barber, former President and
CEO of Gennum Corp, is only one of a group of notable leaders who lend
their expertise and insight to the NetAccess business plan. Through
regular board meetings and strategic planning sessions, these
professionals have helped NetAccess achieve steady success in a very
turbulent industry.
As the first ISP in Hamilton, NetAccess has
grown to develop an enviable reputation in the market. It has remained
vibrant and profitable despite recent declines in the Internet
industry.
|
|