November 10, 2005 – (HOSTSEARCH.COM) – For the second consecutive year, Raleigh-based web hosting company, Hosted Solutions, has been ranked among the fastest growing businesses in the Carolina's. The company was recognized by the 2005 Triangle Business Journal's Fast 50, ranking sixth among the IT service providers recognized on the list. The Triangle Fast 50 list distinguishes companies in operation for at least three fiscal years who reported revenues of at least $2 million in 2004. The companies are ranked based on criteria that accounts for both dollar growth and percentage rate of growth over a three-year period.
Rich Lee, chief executive officer of Hosted Solutions, said of the award, "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."
Hosted Solutions offers a full suite of services including Collocation, Fully-Managed Servers, Dedicated Servers, Business Continuity Services, Enterprise Backup, Managed Firewall and Intrusion Detection Security Protection. The company has enjoyed third quarter sales totaling $8.6 million and sign ups of high profile customers including ChannelAdvisor, Skanska USA Building, Summus Inc., Strategic Technologies, and Golden Corral and Speedway Motorsports.
