SingleHop grew record 673% during 2008 despite challenging economic environment

Chicago-based managed dedicated hosting provider, SingleHop, Inc., today announced unprecedented revenue and client-base growth, resulting in gross revenues increasing a staggering 673% in 2008 when compared to 2007.

“Many factors contributed to our growth, one of the most significant being our transparent a la Carte managed services offerings.  With businesses cutting back, our flexible managed services allow our clients to pay only for the managed services that they require, rather than a bundle of services, some of which would have little value to them,” says Zak Boca, President and CEO of SingleHop.  

The company started turning a profit in August of 2008, which can be attributed to investments made in automated systems, power-efficient servers (which have reduced energy costs) and naturally occurring organic growth.

 “In addition to the investments made in technology, we’ve benefited a great deal from organic growth, which tells us that we’re providing clients with what they are looking for in a service provider.  This in turn reduced our marketing costs and allowed us to further invest in our technology and infrastructure. People like SingleHop because we listen to them and respond.  Many of our initiatives begin with customer requests, such as the Account Executive assigned to each client, and IPensure -- our automated server provisioning system’s IP auto-scrubbing process," says Dan Ushman, Vice President of SingleHop.

Some growth metrics include:
•         Entering 2009 with annual recurring revenue of more than $ 4.5 million
•         More than 1,500 servers deployed and in production
•         More than 800 individual customers representing over 40 countries world-wide
•         GAAP profitability achieved in the 3rd quarter of 2008

2008 was also a big year for SingleHop in terms of developing and deploying new technologies, including the LEAP webtop, announced just before HostingCon 2008, and advanced automatic server provisioning (AASP).  2009 plans include the deployment of SingleHop.mobi, an iPhone application for server management, LEAP Developer API, and the opening of a new data center facility.  

“Despite the economic downturn, we are going to move forward with additional investments in our development and our customer service departments. We’re hopeful that 2009 will be another fruitful year for us,” adds Zak Boca.  

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 services. The company was founded by Zak Boca and Dan Ushman in 2006 and currently hosts thousands of websites worldwide.  SingleHop Competitors include: SoftLayer, ThePlanet, FastServers, and RackSpace.  The cornerstone of SingleHop managed hosting is the a la Carte Server Management Program, which is a full-array of transparent management services that were designed and tested to allow business customers to tailor their level of support to their needs or expertise.  www.singlehop.com