Delivering Value to Web Hosts Leads to 3,963% Growth Over Five Years
BALTIMORE, MD October 18, 2004 Alabanza Corporation, a leader in automated web hosting solutions, today announced that Deloitte & Touche LLP has named it the second fastest growing technology company in the state of Maryland in its 2004 Fast 50 rankings. One of the nation's leading professional services firms, Deloitte's prestigious Technology Fast 50 Program ranks the 50 fastest growing technology companies by state based on percentage of growth in fiscal year revenues over five years, from 1999 2003. An industry-leading provider of turnkey Web hosting solutions that supports more than 400 customers hosting nearly 200,000 Websites worldwide, Alabanzas revenues increased 3,963% from 1999-2003, earning it second place in the Fast 50 program.
To qualify for the Maryland Technology Fast 50, companies must have had operating revenues of at least $50,000 in 1999 and $1,000,000 in 2003, must be public or private companies headquartered in North America, and be designated a "technology company," defined as owning proprietary technology that contributes to a significant portion of the company's operating revenues (using other companies' technology in a unique way does not qualify); and/or devoting a significant proportion of revenues to research and development of technology. Wilmer, Cutler, Pickering, Hale and Dorr is the sponsor for this years Maryland Technology Fast 50 program and PR Newswire is the official media partner.
In todays economy, quadruple-digit percentage growth is an exceptional accomplishment, says Gary H. Tabach of Deloittes Technology, Media & Telecommunications Practice and Office managing Partner for Deloittes McLean, Virginia office. We commend Alabanza for making the commitment to technology and delivering on the promise of market longevity. We are proud to honor Alabanza as a Deloitte Technology Fast 50 winner.
Despite price wars and razor thin margins in the hosting industry, Alabanza has managed to achieve and sustain profitability since March of 2003 by investing heavily in Research and Development and by focusing on delivering value. In the last 17 months alone, Alabanza has rolled out over 30 new products and services - often at no additional charge to its customers. The Companys growth is also due to its ability to define and successfully deliver value to its customers in a highly commoditized and competitive web hosting market. Alabanza defines value as providing stellar customer service, quality products and listening to its customers and directly responding to their evolving needs. And finally, in addition to providing the latest technologies and the markets only automated turnkey web hosting solution, Alabanza's success is based on addressing the full business needs of its customers by offering marketing strategies and sales support, ongoing education and training.
Being named by Deloitte as the second fastest growing technology company in the state is quite an achievement, says Tom Cunningham, Alabanzas CEO. We attribute our strong growth to our deep understanding of the needs of small-and medium-sized businesses, providing the industrys only turnkey web hosting solution and to the expertise and dedication of our employees. We just wrapped up our first annual User Conference, which is a great example of how we build value into our product delivery. We believe our consistent commitment to help our reseller partners pursue excellence will continue to define our own success.
Winners of the 19 regional Technology Fast 50 programs in the United States and Canada are automatically entered in the Deloitte Technology Fast 500 program, which ranks North America's top 500 fastest growing technology companies. For more information on the Deloitte Fast 50 or Fast 500 programs, visit http://www.fast500.com.
Media interested in speaking with Alabanzas CEO or other executives may contact Kent Streeb at 412.244.9970 or via email at email@example.com.
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Alabanza is an award-winning provider of turnkey Web hosting solutions founded in 1995. With more than 400 customers in 54 countries hosting over 200,000 Websites worldwide, Alabanza's high-performance Linux-based servers, comprehensive hosting automation software, secure, high-speed Internet connection, and 24x7x365 support power the Web's most profitable hosting businesses. Alabanza's automation software addresses the demands of hosts, resellers, and Webmasters, delivering functionality for host administration, billing, site deployment, and e-commerce, all in English, Spanish, French, and German. For more information, visit www.alabanza.com.