Peer 1 Ranked the #4 Fastest Growing Company in Canada and #1 in BC by Profit Magazine

HostReview.com
Thursday, June 8, 2006; 02:04 AM

Peer 1, the first Internet infrastructure provider to offer a 100% uptime guarantee, has been named 1st in BC and 4th in the nation in the 18th annual Profit 100 ranking of Canada's Fastest Growing Companies based on five-year revenues. Published in the June issue of Profit and online at Profitguide.com, the Profit 100 is Canada's largest annual celebration of entrepreneurial achievement.

Mr. Fabio M. Banducci, Executive Vice President of Peer 1, said, „Peer 1 is honored to be recognized by Profit Magazine. The award speaks to how Peer 1 is providing reliable bandwidth to a growing list of customers and that validates the hard work of our employees in the US and Canada who continue to exceed expectations“.

Peer 1’s world-class IP network and co-location services give its customers the freedom to focus on growing their business knowing the company is behind them every step of the way. Serving organizations of all sizes in the financial, government, education, retail and technology sectors, its high-performance solutions help the clients succeed at what the do best.

The Vancouver, Canada based Internet infrastructure solutions provider has grown its revenue by more than 10,000% over the past five years – FY2005 revenue of $24,113,000 vs. FY2000 revenue of $232,062, and has increased the number of its employees from 13 to 230.

Mr. Banducci revealed the secret to Peer 1's growth, „Even though we are 20 times larger than 5 years ago, our growth process is actually very careful and strategic. We didn’t speculate by building ahead of the market, but we are growing in response to market opportunity. We saw some of the web's most demanding users needed more bandwidth and reliability. Online retailing and gaming sites were not getting what they wanted from the big telcos and the small ISPs and Peer 1 took decisive action to meet their needs.“

Peer 1's smart growth strategy included taking advantage of folding ISPs to buy equipment, as well as Peer 1’s acquisitions of ServerBeach and Interland’s dedicated web hosting.

„ServerBeach and Interland are integral to our growth and success and those acquisitions stem from Peer 1’s belief that you win with value and by adapting to market changes,“ Mr. Banducci explained. „Whether it’s buying equipment and assets at fire-sale prices during the market crash, or acquiring strategic pieces such as dedicated hosting and self-managed server offerings…we thrive on discovering opportunities.“

The acknoledgement Peer 1 received from Profit Magazine will certainly open new doors for development. Mr. Banducci said, „This recognition may bring a few more opportunities our way, but our strategy won’t change. We may not grow as fast in the next five years, but I can promise you Peer 1 is prepared to take advantage of emerging opportunities.“

Peer 1 delivers leading-edge server co-location, network and dedicated hosting to web-centric businesses and SMEs worldwide. Since its inception in 1999, the company has grown to 12 state-of-the-art data centers and 17 points of presence across North America, all connected by Peer 1's world class Internet network. Peer 1 has established a reputation in the marketplace for delivering consistently warm, personal and friendly customer support in a manner that appears unique in the industry. It serves customers who range from gaming to VoIP, to enterprise.