Hosted Solutions Ranks Among the Triangle's Fastest Growing Businesses
Company Earns Fast 50 Distinction for the Second Year in a Row
Contact:
Daniel Pearson
919 Marketing
919.271.1694
dpearson@919marketing.com
Raleigh, N.C. - November 7, 2005 - Hosted Solutions, the Carolinas premier data center and hosting company, was ranked among the fastest growing businesses in the Triangle region according to the 2005 Triangle Business Journal's Fast 50 for the second year in a row. Hosted Solutions ranked sixth among the area's IT service providers recognized on this year's list.
The 2005 Triangle Fast 50 list distinguishes companies that have been in operation for a least three full fiscal years and reported revenues of at least $2 million in 2004. Locally headquartered, private companies are evaluated and ranked based on a formula that takes into account both dollar growth and percentage rate of growth over a three year period.
Rich Lee, chief executive officer of Hosted Solutions, said it is an honor to be in cluded in the list of the region's fastest growing comapnies for the second year in a row, and hopes to be fixture on the list for years to come.
“The success of Hosted Solutions is a direct result of great execution, as we delivered strong growth in revenues, cash flows and profitability. We've seen the momentum that earned us our first recognition in 2004 continue throughout 2005, a record breaking year for sales and growth. We are poised to capitalize on the growing demand for data center services with our proven service offerings and unparalleled local support.”
Lee also congratulates all of this year's winners, especially the customers of Hosted Solutions who were also recognized amongst the fastest growing businesses in the Triangle region.
Just last month, Hosted Solutions announced the company's third quarter sales results, highlighted by 15 client wins totaling $8.6 million. Adding to the 300+ companies Hosted Solutions was servicing from it's Raleigh, Cary and Charlotte data centers, the company signed Channel Advisor, Skanska USA Building, Summus Inc., Strategic Technologies, Golden Corral and Speedway Motorsports, among others.
About Hosted Solutions
Hosted Solutions provides complete and customized managed and dedicated web hosting solutions to more than 275 clients. Hosted Solutions offers unmatched technical expertise in best practices and best-of-breed technologies as well as flexible and scalable packages and a la carte services. For more information about Hosted Solutions' offerings contact sales@hostedsolutions.com, call 919-852-0690 in the Triangle, 704-423-9174 in Charlotte, or visit www.hostedsolutions.com
