Inflow's Denver Market Wins Customers and Grows Revenue in Competitive Market
World-Class Products and Services Continue to be the Driving Factor for New Customer Growth
Denver, CO -- (BUSINESS WIRE) -- InFlow Inc., a leading provider of managed web hosting and outsourced IT services, today announced Q202 operating results for its Denver IDCs.
"The second quarter for the Denver market continues to be strong, with a significant amount of demand for Inflow's reliable and cost-effective managed hosting services," said Leigh Wilbanks, general manager for Inflow's Denver IDC. "It is an extremely competitive market right now, but with Inflow's financial stability and proven track record of saving customers money and providing solid support, we have been able to win new business."
Second-quarter 2002 recurring revenue was $3.2 million, a 7% growth over first quarter 2002. The Denver market's total customer count at the end of the second quarter was 160. Among the new customers who chose Inflow to be their outsourced managed hosting provider were Champps Americana, Fuddruckers Restaurants, and MxLogic.
Second-quarter earnings before interest, taxes, depreciation, and amortization excluding a one-time charge ("EBITDA") grew to $895,000, a 57% increase over first quarter 2002. Wilbanks attributes the Denver IDC EBITDA growth to Inflow's focus on serving the customer and developing innovative outsourced IT solutions that are competitively priced and solve real business issues.
For the 9th consecutive quarter, Inflow's Denver market has delivered 100% availability in Internet access services and in all aspects of facility uptime. The Denver IDC received a 9.2 rating on a 10-point scale for overall customer satisfaction in a study completed by Denver-based CSM, Inc., an independent provider of comprehensive, creative and accurate research. More significant is the fact that 9.4 out of 10 existing customers would refer Inflow to a peer.
New Promotional Packages
Inflow has recently released several new service packages designed to incorporate our most popular managed services with special promotional pricing. For more information, please contact 800-2Inflow.
About Inflow Denver
Inflow's state-of-the-art facilities are conveniently located at 550 East 84th Avenue in Thornton, Colo., and 900 Bannock Street in Denver, Colo. The facilities include local Network Operations Centers and 24x7 staffing to meet the demands of IT organizations. Leigh Wilbanks, a graduate of the U.S. Air Force Academy and with a Masters in Business Administration from the University of Colorado, manages the Denver operations. Wilbanks' leadership experience has helped her build a strong operational team with great customer service skills.
Inflow provides facilities-based IT solutions to companies with critical business and network applications. Founded in 1997, Inflow opened its first Internet Data Center (IDC) in June 1998 and currently serves more than 680 customers from its IDCs in 12 markets throughout the U.S. The Company offers customers a cost-effective outsourced alternative that is secure, redundant and fully managed. Core services include colocation, network management, managed security services, application management, data storage and InflowNet™ -- a proprietary Internet access service that guarantees 100% availability. Additional services include business continuity, Intelligent Routing for Internet access, content distribution, load balancing and remote enterprise data center management.
In June 2002, Inflow completed an equity financing of $35 million, bringing total capital raised to more than $300 million. Investors include Meritage Private Equity Funds, Centennial Ventures, Telecom Partners,Spire Capital Partners, The Halyard Capital Fund, GE Capital and PNC Equity.
For additional information and IDC locations, please visit www.Inflow.com or call 877/321-2464. To call the Denver IDC or to speak with Leigh Wilbanks, please call 720/932-5800.