August 10, 2007 – (HOSTSEARCH.COM) – Data center operator and managed services provider Peak 10 (http://www.peak10.com/) has entered the Atlanta market, it was announced recently. This is the company’s second market expansion in 2007 - Peak 10 entered the Richmond, Virginia market in February this year through the purchase of data center and managed hosting operator, bayMountain.
The company has acquired a 33,000-square-foot facility in the Georgia capital which is being upgraded to meet the standards of the company’s other ten data centers. The acquisition means Peak 10 is operating in seven key US markets in Florida, Virginia, North Carolina, Kentucky and Tennessee. The facility will be operational September 2007.
“Our executive team has done a tremendous job of bringing their disciplined local service-driven business model to new markets while deepening our footprint and service delivery capabilities in existing markets. As a result, we have achieved significant scale without diminishing our core value proposition - strong local market presence and customer service,” explained Peak 10’s Board Chairman, Kevin Brandon.
Alongside new market entries, Peak 10 is strengthening its presence in existing markets with capacity and infrastructure expansions. “Peak 10’s local leadership has set high standards and has built a solid reputation for understanding and enhancing customer growth,” added Peak 10’s President and Chief Executive Officer, Mr. David Jones. “We are seeing a strong demand for our services and customer-focused solutions and know that Atlanta is a large market with high growth trends for small/medium enterprise and larger businesses. The reception of Peak 10 in Atlanta has surpassed our expectations.”
Peak 10’s growth has been fueled by business’ outsourcing IT infrastructure requirement, the growing demand for regulatory compliance services and
disaster recovery services, as well as increasing demand for managed IT services. "Our ability to enter new markets and expand in established ones is owed to our strong balance sheet, rising cash flow and committed and experienced management team. We are poised for continued, rapid growth without the need for external equity financing and plan on additional expansion in the near term," added Mr. Jones.
