Hostopia Earns Top Spot in PROFIT Magazine's List of Canada's Fastest Growing Companies

June 7, 2005
June 7, 2005 - (HOSTSEARCH.COM) - Today Hostopia, a Web Hosting and Applications Services Provider (ASP), placed first in the 17th annual PROFIT 100 ranking of Canada's Fastest-Growing Companies. Ranking Canada's Fastest-Growing Companies by five-year revenue growth, the PROFIT 100 profiles the country's most successful growth companies. Published in the June issue of PROFIT and online at, the PROFIT 100 is Canada's largest annual celebration of entrepreneurial achievement.

"We're very proud to be #1 on a list of very successful companies" says Franc Nemanic, President, and Founder. "Our vision when we founded Hostopia was to serve small businesses whose aims are to succeed online." says Nemanic. "By enabling Internet service providers to better serve their small business customers, Hostopia has helped our partners to grow an average of 5 times faster than the industry average growth-rate."

Hostopia is one of the world's fastest growing private-label wholesale Web hosting, email, and online application service providers. Nemanic adds, "Companies who offer web hosting services today have a hard time earning a profit and satisfying their customer's demands for features and service. Hostopia's unique wholesale model allows Telco's, ISPs, and other hosting providers to profit on Hostopia's model while devoting their resources to their other core services. There's still room for growth, because our best prospective clients like Telco's are discovering that Hostopia can cut their operating expenses by 30% to 40% and eliminate their hosting capital expenditures."

Hostopia's principal shareholders, Bill Campbell, Colin Campbell and John Nemanic join Franc in thanking PROFIT for this prestigious honour. All three were previously named to the PROFIT 100 for two prior companies - Internet Direct and Tucows Interactive. This team of entrepreneurs invested in Hostopia in March 2000 and joined the company in the roles of Chairman, CEO and COO.

We're happy to welcome the 2005 PROFIT 100 winners to the most prestigious group of entrepreneurial businesses in Canada," says Ian Portsmouth, editor. "Canada's Fastest-Growing Companies are succeeding by knowing what customers really want, then delivering it."

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