Inflow's Minneapolis Internet Data Center Thrives in Competitive Market; Facility Continues to Meet Demand For IT Outsourcing Solutions and Superior Customer Service.Business Editors & Technology Writers MINNEAPOLIS, Minn.--(BUSINESS WIRE)--Sept. 10, 2002 Inflow Inc., a leading provider of managed web hosting Making a Web site available on the Internet. Many ISPs host a few personal Web pages for an individual at no additional cost above the monthly service fee, but the address is subordinate to the ISP; for example, www.friendlyisp.com/pat_smith. and outsourced IT services, announced today the Q202 operating results for it Minneapolis Internet Data Center (IDC). "Inflow is thrilled to be able to support our growing list of customers in the Minneapolis market," said Erik Crawford, general manager for Inflow's Minneapolis IDC. "With Inflow's financial stability and expansive list of products and services, we continue to be the IT provider of choice in the Twin Cities." Financial Results: Second-quarter 2002 recurring revenue was $1.15 million, a 2% increase over first quarter. Revenue growth was driven primarily by new customer wins, bringing the total customer count to more than 40. Among the new customers who chose Inflow to be their outsourced managed hosting provider are: The Disetronic Group; Stellent(TM), Inc.; and Wire One Technologies, Inc. (Nasdaq:WONE) Second-quarter earnings before interest, taxes, depreciation, and amortization Earnings before interest, taxes, depreciation, and amortization (EBITDA) A financial measure defined as revenues less cost of goods sold and selling, general, and administrative expenses. ("EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) A metric used to show a company's profitability, but not its cash flow. EBITDA became popular in the 1980s to show the potential profitability of leveraged buyouts, but has become ") was $290,000. Crawford attributes the impressive Minneapolis IDC EBITDA to increased revenues from additional services purchased by the existing customer base and the influx of new customers. Operating Results: Since opening the facility in October 1999, Inflow delivered 100% availability in Internet access See how to access the Internet. services. Inflow's Minneapolis team, on average, is able to get new customer sites up and running in less than 15 days. The Minneapolis IDC received a 9.2 rating on a 10 point scale for overall customer satisfaction in a study completed by Atlanta-based Customer Satisfaction Marketing (CSM CSM - ["CSM - A Distributed Programming Language", S. Zhongxiu et al, IEEE Trans Soft Eng SE-13(4):497-500 (Apr 1987)]. ), Inc., an independent provider of comprehensive, creative and accurate market research. More significant is the fact that 9.4 out of 10 existing customers would refer Inflow to a peer. Community Involvement: Locally, Inflow is a member of the Minnesota High Tech Association, the Twin-West Chamber of Commerce, the Minneapolis Chamber, and the Minnesota chapter of the Advertising Federation of America. Look for Inflow to sponsor a combination of events throughout the remainder of this year in the areas of complex hosting, business continuity services, and enterprise data center management. Details to follow on these upcoming events. About Inflow Minneapolis: Inflow's state-of-the-art data center is conveniently located at 511 Eleventh Avenue South in Minneapolis, MN. The facility includes a local Network Operations Center See NOC. Network Operations Center - (NOC) A location from which the operation of a network or internet is monitored. Additionally, this center usually serves as a clearinghouse for connectivity problems and efforts to resolve those problems. and 24x7 support to meet the demands of IT organizations. Erik Crawford, a graduate of the University of Minnesota (body, education) University of Minnesota - The home of Gopher. http://umn.edu/. Address: Minneapolis, Minnesota, USA. , manages Inflow Minneapolis' sales and operations. Crawford's experience in enterprise hardware and software systems integration and work with leading ASPs has helped him lead a strong operational team with great customer service skills. Some of the more recognizable customers in the Minneapolis IDC include Definity Health, Wizmo Inc., and MotivAction. About Inflow 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 The introduction to this article provides insufficient context for those unfamiliar with the subject matter. Please help [ improve the introduction] to meet Wikipedia's layout standards. You can discuss the issue on the talk page. include colocation, network management, managed security services, application management, data storage and InflowNet(TM) -- 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 Equity Financing The act of raising money for company activities by selling common or preferred stock to individual or institutional investors. In return for the money paid, shareholders receive ownership interests in the corporation. 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 hal·yard also hal·liard n. Nautical A rope used to raise or lower a sail, flag, or yard. [Alteration (influenced by yard1) of Middle English halier, from Capital Fund, GE Capital and PNC PNC Purdue University North Central (Westville, Indiana) PnC Point 'n Click PNC Police National Computer PNC People's National Congress (Guyana) PNC People's National Congress Equity. For additional information and IDC locations, please visit www.inflow.com, call 877/321-2464. To call the Minneapolis IDC or to speak with Erik Crawford please call 612/656-3800. |
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