Web Hosting Provider Hostopia Earns First Time Ranking on North America's 2006 Deloitte Technology Fast 500

HostReview.com
Wednesday, November 22, 2006; 03:18 AM

Web hosting provider Hostopia has been ranked No. 193 on Deloitte's annual list of the fastest growing technology companies in North America, with a five-year revenue growth of 829%.

"Hostopia's phenomenal growth can be attributed to our focus on a single mission - to be the world's leading wholesale provider of web services to telcos, ISPs, and other hosting providers," says Colin Campbell, Chief Executive Officer and Chief Operating Officer, Hostopia. "The growing demand by small business for powerful web applications coupled with the trend for service providers to work with specialized enablement partners, like Hostopia, puts us on the right track for continued success," he adds.

Hostopia has continued the development of in-demand applications for small- to medium-sized business, recently announcing the imminent availability of two applications that enhance a small business' online presence. EasySiteWizard 7.0 Professional helps businesses quickly design graphically compelling, professional-looking websites with drag-and-drop maneuverability, pre-built templates, and Web 2.0 conventions for optimized search engine performance. EasySiteOptimizer further helps small business websites optimize positioning with popular search engines such as Google and Yahoo! for improved site traffic. Hostopia has also recently announced the launch of a website development service, "Website Experts," which offers service providers a turnkey site development solution, thereby enabling them to more quickly fulfill demand for web hosting and related applications.

"To rank on Deloitte's Technology Fast 500, companies must have phenomenal revenue growth over five years. Hostopia has proven to be one of the fast-growth success stories in North America, and we applaud their dedication to making their vision a reality," said Tony Kern, Deputy Managing Principal of Deloitte's Technology, Media & Telecommunications industry practice.

Fast 500 Selection and Qualifying Criteria

The 2006 Fast 500 ranks the fastest growing technology, media, telecommunications, and life sciences companies in North America. It is compiled from Deloitte's 16 regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. Companies are selected based on percentage revenue growth from 2001 to 2005.

Entrants must own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company's operating revenues or devote a significant proportion of revenues to research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify. Base-year operating revenues must be at least $50,000 USD or $75,000 CDN, and current-year operating revenues must be at least $5 million USD or CDN. Companies must be in business a minimum of five years, and they must be headquartered within North America.