Chicago, Aug. 25, 2011 (GLOBE NEWSWIRE) -- ###
SingleHop lands on the Inc. 500 List America's Fastest-Growing Companies for the second year in a row - #25
Chicago, IL: August 25, 2011: SingleHop, Inc. announced today that it has been ranked #25 in the 2011 Inc. 500 list, an annual listing of America's fastest-growing private companies compiled by Inc. Magazine.
Chicago-based SingleHop, which provides dedicated servers and complex web hosting, is the top-ranked company in the Web Hosting industry, second fastest growing IT services company in the country, and the highest ranked Chicago-area business. The company's sales have grown by 7,304% in the last three years.
"Making the Inc. 500 list for the second year in a row is a tremendous honor. Our company has historically focused on automating the management of Internet infrastructure, so we find this be a loud and clear message that we’ve been focusing on what customers want from their provider," said Zak Boca, President and Chief Executive Officer of SingleHop.
To be included in the Inc. 500, a firm must demonstrate exceptional growth for a period of at least three years. SingleHop's inclusion as a top 25 firm exhibits tenacious determination to grow in spite of and through the current weak economic climate. Only four other companies in the top 25 were listed in the 2010 INC 500.
The company continues to set milestones, with the following highlights:
- Increased employees from 40 in 2010 to 65 in 2011
- Over 4,250 customers
- Customers represent over 110 countries
- Consistent EBITDA margins over 45%
- Annualized revenue of $25 million
- 2nd year in a row (#58 2010) on prestigious Inc. 500 list
- #1 fastest growing Web Hosting company nation-wide according to Inc. 500 list
- #1 fastest growing company in Chicago according to Inc. 500 list
- #2 fastest growing IT services company nation-wide according to Inc. 500 list
In an extremely competitive industry, SingleHop, Inc. has continued to stay ahead of its competitors by quickly and efficiently anticipating technology trends and clients’ needs.
"Our strategy has always been to invent new ways to empower our clients with more control over their servers. That’s our value proposition and it’s resonated strongly with the IT community. Businesses choose to partner with us because we hand them the remote control from day one," said Co-Founder and Chief Marketing Officer, Dan Ushman.
SingleHop’s focus on improving the hosting experience continues with the launch of LEAP3 later this year, a highly customizable application that allows clients integrate and automate their entire workflow with SingleHop. "We look forward to shaking things up again with the upcoming launch of LEAP3," said Ushman.
About 2011 Inc. 500
The Inc. 500 list is produced by Inc. magazine and features the 500 fastest growing businesses in America. In order to qualify, companies must have been founded and generating revenue by the first week of 2006, and therefore able to show four full calendar years of sales. Additionally, they had to be U.S.-based, privately held, for profit, and independent-not subsidiaries or divisions of other companies-as of December 31, 2009. www.inc.com ;
About SingleHop, Inc.
SingleHop, Inc., is a full-service managed dedicated hosting provider that was founded on the principal of providing reliable, cost-effective, dedicated servers, complex hosting & Infrastructure-as-a-Service. The company was founded by Zak Boca and Dan Ushman in 2006, and currently hosts thousands of websites from around the world in its two Chicago-area data centers. The cornerstone of SingleHop's managed hosting is its a la Carte Server Management Program, a full array of transparent management services designed and tested to allow business customers to tailor their level of support to their needs or expertise.
A photo accompanying this release is available at:
http://www.globenewswire.com/newsroom/prs/?pkgid=10305
