Revenue Spike in First Quarter for Inflow-Pittsburgh; First-Quarter Successes Include Forty Percent Increase in Total Revenue.Business Editors PITTSBURGH--(BUSINESS WIRE)--June 12, 2003 Inflow in·flow n. 1. The act or process of flowing in or into: an inflow of water; an inflow of information. 2. Inc., a leading provider of managed web application hosting and outsourced IT services, announced a revenue surge in first quarter by its Pittsburgh Internet Data Center (IDC). Recurring re·cur intr.v. re·curred, re·cur·ring, re·curs 1. To happen, come up, or show up again or repeatedly. 2. To return to one's attention or memory. 3. To return in thought or discourse. and Total Revenue Up 20% Over Previous Quarter, 40% Over Previous Year Inflow-Pittsburgh's total revenue in first quarter was $521,100, up 20.5% from fourth quarter 2002 and 38% over first quarter 2002. Inflow-Pittsburgh general manager Patrick Bixel attributes the revenue growth to larger customer contracts and operational stability and expertise. "In Pittsburgh, we are doing a great job of educating the local community about Inflow's expertise and value proposition," said Bixel. "Our customers are also spreading the word to their colleagues about our high quality of service and their overall satisfaction with our solutions." Larger New Customers Inflow served 37 total customers at the end of first quarter, up 23.3% over the same period last year. New customers include Development Dimensions International, Fast Forward, and C.S. McKee. "We are realizing our goal of increased customer recognition and response," said Bixel. "The customers coming in the door are larger and have more need for a cross-section of services." "Inflow was the only game in town worth looking at, and ironically, after reviewing other national providers not located in Pittsburgh, Inflow ended up being our first choice," said Inflow customer Manu Brahmam, manager of MIS for Development Dimensions International. "Inflow remains phenomenal. We're even more happy with Inflow today than when we first chose them." Inflow-Pittsburgh Facts Inflow's Pittsburgh IDC was opened in June of 2000. The facility has experienced zero downtime The time during which a computer is not functioning due to hardware, operating system or application program failure. in facility and Internet access See how to access the Internet. services since opening. The IDC has on-site technical staff members that currently support customers 24 x 7, including Steel City Telecom, Leeds Business Accessories, and The Grant Street Group. The IDC is centrally located at 2202 Liberty Ave, Pittsburgh, Pa. 15222. 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 725 customers from its IDCs in 12 markets throughout the U.S. Leveraging its expertise in application, network and datacenter management, the Company is able to deliver the most reliable, secure, scalable and cost-effective outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management. solutions available. 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. are offered within Inflow's three primary lines of business: Application Hosting and Management, Business Continuance The adjournment or postponement of an action pending in a court to a later date of the same or another session of the court, granted by a court in response to a motion made by a party to a lawsuit. and Disaster Recovery, and Enterprise Datacenter Management. In its fifth year of business, Inflow generated approximately $50.7 million in total revenues last year. 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 or call 877.321.2464. For more information on the Pittsburgh IDC, please call Patrick Bixel at 412.594.2000. |
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