Cary, NC — January 6, 2003
Hosted Solutions, the Triangle's premier Data Center and Web Hosting company, today announced that it has signed agreements with TAG Aviation, the worldwide leader in the delivery of personal air transportation services, and Marketocracy, a national company that uses the Internet to identify and recruit the world's top investors to run a world-class family of mutual funds.
Hosted Solutions will provide TAG Aviation with fully managed servers, enterprise backup, managed firewall and intrusion detection security protection and comprehensive 24x7 monitoring and management of both companies e-commerce infrastructure.
Marketocracy.com was launched in July 2000 by distinguished mutual fund manager Ken Kam and Silicon Valley guru, Bruce Horn, a former Apple Computer software designer, and currently has nearly 50,000 members managing nearly 60,000 virtual mutual fund portfolios. Under terms of the agreement, Hosted Solutions will provide co-location services and comprehensive 24x7 monitoring to Marketocracy.com.
“With these two blue chip additions, along with the Fortune City Network out of New York, we are building an exciting coast to coast client roster,” said Rich Lee, CEO of Hosted Solutions. “As we play on a national scale, we are competing with the major telecoms and national hosting companies. We are finding that Hosted Solutions's debt free position gives us a distinct competitive advantage over these well known, publicly held and heavily financed players with multiple, largely unprofitable data centers scattered across the country and abroad.”
According to Ryan Clark, TAG's Manager, Information Technology,Frederic Senn, Director of Marketing for TAG Aviation, “Our e-business program includes a powerful Intranet network, and a sophisticated website with business tools to power our secure online booking and payment system, aircraft sales and marketing efforts, etc. We carefully evaluated the service offering, technology, technical staff and financial positions of nine other national hosting providers before selecting Hosted Solutions.”
Robin Stevens, Vice President of Marketocracy concurs. ” We were very diligent in our review process. Our members set-up and manage virtual mutual fund portfolios following the same rules and guidelines as professional money managers. Portfolios are tracked, evaluated, and ranked and the top-performing virtual managers will have the opportunity to become fund managers. They were the clear winner in meeting our metrics of a world class data center, hands on ownership team, and a deep bench of engineers to keep our network alive and running at peak performance 24 by 7.”
The signing of this agreement speaks to Hosted Solutions's measurable ROI metrics and proven e-commerce and database expertise, and signals a growing trend of national companies shifting mission critical services to the company.
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Hosted Solutions' high quality Data Center and Managed Hosting services maintain and protect customers' mission-critical IT systems and applications, enabling them to reduce operating costs, lower the risk of downtime, focus on core competencies, and achieve their top business objectives. The company operates SAS 70 Type II Certified facilities in Boston MA, Charlotte NC, Raleigh NC, and Cary NC, providing best-of-breed data center operations with hardened physical infrastructure, the highest level of security, and a complete managed services portfolio. Hosted Solutions was acquired by Boston-based private equity firm ABRY Partners in April 2008 for $144 million. For more information, please visit www.hostedsolutions.com.
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Marketocracy uses the Internet to identify and recruit the world's top investors, with the ultimate goal of building a world-class family of mutual funds. Through Marketocracy's Web site (www.marketocracy.com) individuals set-up and manage up to ten fictitious virtual mutual fund portfolios following the same rules and guidelines as professional money managers. Portfolios are tracked, evaluated, and ranked and the top-performing virtual managers will have the opportunity to become fund managers.
Marketocracy.com was launched in July 2000 by distinguished mutual fund manager Ken Kam and Silicon Valley guru, Bruce Horn. Marketocracy is looking for the world's best investors in order to establish a world-class family of mutual funds. They currently have nearly 50,000 members managing nearly 60,000 virtual mutual fund portfolios, which they draw on to run their mutual fund, the Masters 100 Fund (MOFQX.)
TAG Aviation is the worldwide leader in the delivery of personal air transportation services, embracing the highest standards of safety, security, customer service, operational excellence, and business ethics. TAG Aviation manages the operation of over 150 aircraft from 55 locations throughout the United States and Europe and provides services for aircraft management, charter, and aircraft acquisitions and sales.
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