Springboard
Managed Hosting Reports Record Breaking Sales Results
for First Quarter 2004 [May 3, 2004]
78
new contracts signed, over $2.3 million in recurring
revenue and a 150% increase over Q1 2003 highlight the
quarter
RALEIGH, N.C. – April 30, 2004
– Springboard Managed Hosting, the Carolinas’
leading data center and hosted solutions company, today
reported record-breaking results for the quarter ending
March 31, 2004.
Total revenue generated in the first
quarter exceeded $2.3 million, an increase of 150 percent
compared to the first quarter of 2003. The company signed
78 new agreements in Q1 2004, increasing the its client
list to 275 companies. Clients signed during the period
include the City Of Raleigh, Absentys, International
Network Services and the NC Rural Internet Access Authority.
This follows on the heels of a strong
70 percent sales increase in calendar year 2003, and
represents 280 percent growth during the last 24 months.
"For Springboard Managed Hosting,
2003 was a year marked by great execution, as we delivered
strong growth in revenues, cash flows, and profitability,"
said Rich Lee, chief executive officer. "The first
quarter 2004 growth rate exceeded our aggressive expectations,
and we are poised to capitalize on growing demand for
data center services with Springboard’s proven
service offerings and unparalleled local support."
In describing the first quarter, Chris
Hanks, president of Springboard Managed Hosting said:
"The first quarter 2004 results are proof positive
that more companies are looking for outsourced solutions
for disaster recovery, storage, managed hosting, and
regulatory compliance versus a la carte products. By
providing unique value and in-demand solutions to customers
through our Raleigh and Charlotte N.C. facilities, we
will continue our pattern of impressive growth.”
Springboard's full suite of solutions
include Colocation Services, Fully-Managed Servers,
Dedicated Servers, Business Continuity Services, Enterprise
Backup, Managed Firewall and Intrusion Detection Security
Protection, Load Balancing, High Availability Clustering
and Comprehensive 24x7x365 Monitoring and Management
of e-commerce infrastructures.
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About Springboard Managed Hosting
Springboard Managed Hosting provides complete and customized
managed and dedicated web hosting solutions to more
than 275 clients. Springboard offers unmatched technical
expertise in best practices and best-of-breed technologies
as well as flexible and scalable packages and a la carte
services. For more information about Springboard's offerings
contact sales@springboardhosting.com, call 919-852-0690
in the Research Triangle, 704-423-9174 in Charlotte,
or visit www.springboardhosting.com
For More Details: http://www.springboardhosting.com
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