November 18, 2006 – (HOSTSEARCH.COM) – Web hosting provider Hostopia has reported second quarter financials highlighting continued revenue growth from existing and new customers.
"We had a very successful second quarter and are very excited about our continued progress on a number of fronts," explained Colin Campbell, Chief Executive Officer. "During the quarter we entered into agreements with a number of new customers. We also made great progress developing search engine optimization, enhanced site creation software, and collaborative e-mail services. In addition, we recently launched Website Experts our website design service," Mr. Campbell added.
"We are also thrilled that on November 10, subsequent to the end of the quarter, Hostopia became a public company. The net proceeds from our IPO will allow us to invest in technology and geographic expansion to further accelerate the growth of our web hosting and application services."
Hostopia provides a range of web services that allow small and medium-sized businesses to establish and maintain an internet presence. Highlights of the company’s financial year include quarterly revenue increases 29% year over year (96.7% monthly recurring revenue), the 26th quarter of consecutive revenue growth, and 16 new customers gained including Aliant, McLeod and Talk Talk.
