April 24, 2006 (HOSTSEARCH.COM) Web hosting provider Hosted Solutions (http://www. hostedsolutions.com) has secured $4,950,000 in equity capital from a group of private investors, it was announced recently. Arrangements and advice for securing the capital were made by investment banking firm, DH Capital, LLC.
"DH Capital has worked with Hosted Solutions since its founding more than four years ago. The company has enjoyed exceptional growth in revenue and profitability over this time," suggested Peter Hopper, President of DH Capital. "Having worked with Rich Lee and his team on several capital raises, we have seen first hand how exceptional facilities and outstanding customer service combine to provide great value to their customers. Given the strength of the Company's balance sheet and the team's incredible focus on satisfying customers, we look forward to helping Hosted Solutions continue their exceptional growth."
Rich Lee, Chief Executive Officer of Hosted Solutions stated, "We are incredibly pleased with the growth Hosted Solutions has achieved. Our success is the result of our dedicated employees who are truly focused on delivering superior service to our customers every hour of every day. We are gratified by the continued support of our shareholders and we are particularly thankful for the help and assistance that DH Capital has provided to us over these past four years. We look forward to continuing our close relationship with DH Capital."
Established in 2001 and Hosted Solutions is based in North Carolina and operates three data centers around the state. Distinguished as one the state's 50 fastest growing privately held companies, the company provides complete and customized managed and dedicated web hosting solutions to more than 300 clients.