Round Tale

(The Hosting News) - Entrepreneurial enthusiast Network Redux has announced today it’s decision to support Portland Startup Weekend. This will provide a one year VPS One account and registered domain name to each new business developed within the 54 hour event.

Startup Weekend is a national event that provides resources and opportunities and brings together a community to establish their ideas into reality. “What an incredible method for help those with an idea or invention get going in today’s economic climate,” says Network Redux President, Thomas Brenneke.

“We are active participants in the startup and entrepreneurial components within Portland and are pleased to be able to provide one of the most essential tools for any new business, reliable managed web hosting. Our engineers will work with each of these startups to build, configure and pro-actively monitor their environments to meet their specific and unique requirements. We’re also proud to be working with our friends at NedSpace. Josh and team are doing more for local startups than any other privately held organization in the Portland metro area.”

Portland Startup Weekend to be Sponsored by Network Redux is a post from: Hosting News and Reseller Web Hosting information.

(The Hosting News) - Entrepreneurial enthusiast Network Redux has announced today it’s decision to support Portland Startup Weekend. This will provide a one year VPS One account and registered domain name to each new business developed within the 54 hour event.

Startup Weekend is a national event that provides resources and opportunities and brings together a community to establish their ideas into reality. “What an incredible method for help those with an idea or invention get going in today’s economic climate,” says Network Redux President, Thomas Brenneke.

“We are active participants in the startup and entrepreneurial components within Portland and are pleased to be able to provide one of the most essential tools for any new business, reliable managed web hosting. Our engineers will work with each of these startups to build, configure and pro-actively monitor their environments to meet their specific and unique requirements. We’re also proud to be working with our friends at NedSpace. Josh and team are doing more for local startups than any other privately held organization in the Portland metro area.”

Portland Startup Weekend to be Sponsored by Network Redux is a post from: Hosting News and Reseller Web Hosting information.

(The Hosting News) - Entrepreneurial enthusiast Network Redux has announced today it’s decision to support Portland Startup Weekend. This will provide a one year VPS One account and registered domain name to each new business developed within the 54 hour event.

Startup Weekend is a national event that provides resources and opportunities and brings together a community to establish their ideas into reality. “What an incredible method for help those with an idea or invention get going in today’s economic climate,” says Network Redux President, Thomas Brenneke.

“We are active participants in the startup and entrepreneurial components within Portland and are pleased to be able to provide one of the most essential tools for any new business, reliable managed web hosting. Our engineers will work with each of these startups to build, configure and pro-actively monitor their environments to meet their specific and unique requirements. We’re also proud to be working with our friends at NedSpace. Josh and team are doing more for local startups than any other privately held organization in the Portland metro area.”

Portland Startup Weekend to be Sponsored by Network Redux is a post from: Hosting News and Reseller Web Hosting information.

(The Hosting News) - Entrepreneurial enthusiast Network Redux has announced today it’s decision to support Portland Startup Weekend. This will provide a one year VPS One account and registered domain name to each new business developed within the 54 hour event.

Startup Weekend is a national event that provides resources and opportunities and brings together a community to establish their ideas into reality. “What an incredible method for help those with an idea or invention get going in today’s economic climate,” says Network Redux President, Thomas Brenneke.

“We are active participants in the startup and entrepreneurial components within Portland and are pleased to be able to provide one of the most essential tools for any new business, reliable managed web hosting. Our engineers will work with each of these startups to build, configure and pro-actively monitor their environments to meet their specific and unique requirements. We’re also proud to be working with our friends at NedSpace. Josh and team are doing more for local startups than any other privately held organization in the Portland metro area.”

Portland Startup Weekend to be Sponsored by Network Redux is a post from: Hosting News and Reseller Web Hosting information.

(The Hosting News) – Interxion, a leading European operator of carrier-neutral data centres, today announced it will be supporting the Broad Group’s 3rd Finance and Investment Forum for Data Centres in London on the 3rd December 2009.

At this year’s event, senior members of operating companies worldwide, financiers, investors, private equity firms, professional intermediaries, law firms and investment agencies will converge in London to consider critical issues facing data centre finance, such as cloud computing, globalisation, green issues, and ideas and opportunities for future development.

Anthony Foy, Group Managing Director, Interxion, will be participating in the Leadership Roundtable discussion, entitled ‘Investment Performance: Growth and the Focus of Future Investment’, where he will share his expertise on the colocation and managed-services market and give his views on the future of data centre investment.

“The Broad Group’s Finance and Investment Forum for Data Centres is a great platform for debate and discussions on the challenges and opportunities that the sector is faced with,” said David Ruberg, CEO Interxion. “Despite the current economic climate, the carrier neutral colocation sector continues to go from strength to strength. A recent IDC survey conducted in four key markets (NL, UK, FR, and DE) showed that the sector is set to grow at 23% CAGR in the next four years, giving investors and companies unparalleled investment and growth opportunities.”

For more information, visit http://www.datacentres.com/fif/

Interxion to Support 3rd Finance and Investment Forum for Data Centres is a post from: Hosting News and Reseller Web Hosting information.

(The Hosting News) – Interxion, a leading European operator of carrier-neutral data centres, today announced it will be supporting the Broad Group’s 3rd Finance and Investment Forum for Data Centres in London on the 3rd December 2009.

At this year’s event, senior members of operating companies worldwide, financiers, investors, private equity firms, professional intermediaries, law firms and investment agencies will converge in London to consider critical issues facing data centre finance, such as cloud computing, globalisation, green issues, and ideas and opportunities for future development.

Anthony Foy, Group Managing Director, Interxion, will be participating in the Leadership Roundtable discussion, entitled ‘Investment Performance: Growth and the Focus of Future Investment’, where he will share his expertise on the colocation and managed-services market and give his views on the future of data centre investment.

“The Broad Group’s Finance and Investment Forum for Data Centres is a great platform for debate and discussions on the challenges and opportunities that the sector is faced with,” said David Ruberg, CEO Interxion. “Despite the current economic climate, the carrier neutral colocation sector continues to go from strength to strength. A recent IDC survey conducted in four key markets (NL, UK, FR, and DE) showed that the sector is set to grow at 23% CAGR in the next four years, giving investors and companies unparalleled investment and growth opportunities.”

For more information, visit http://www.datacentres.com/fif/

Interxion to Support 3rd Finance and Investment Forum for Data Centres is a post from: Hosting News and Reseller Web Hosting information.

San Jose, California – (The Hosting News) – September 16, 2009 – Provider of premium wholesale data center space for corporate customers, Fortune Data Centers, has leased 100% of its 8 Megawatt critical load capacity, within six months of opening the doors of its Phase 1 development.

John Sheputis, CEO of Fortune Data Centers explained, ”Despite a tough economic climate, demand for data center space continues to be a bright spot. To have a facility of this size fully leased in such a short time period should confirm the market strength of Silicon Valley. And, we have a strong team with great vendors and business partners that helped make this happen.”
The company is now beginning work on Phase 2 development at the San Jose facility, which is expected to add approximately 6 Megawatts of critical load capacity. When completed, Fortune San Jose will occupy over 140,000 square feet and support nearly 14 Megawatts of IT critical load.

Dan Golding, vice president and research director, Tier 1 Research added, ”The colocation market is extremely strong, especially for high quality, highly redundant wholesale datacenter capacity. The Silicon Valley area, in particular, is one of the most under-supplied regions of the U.S., with datacenter demand exceeding supply for the past four years. This trend has been exacerbated by the credit crunch, which has made it tough to secure financing for large datacenter projects. The few large, high quality datacenter projects on the market are in great demand from both enterprises and Internet content providers – particularly if they are energy efficient, which makes them less expensive to operate.”

Mr. Sheputis continued, ”Our tenants are among some of the most respected companies in the world. They are experienced industry leaders in their core businesses and have many other data center holdings. They recognize that there are significant cost savings to be realized by partnering with a company that delivers highly energy-efficient data center space.”

Fortune’s Phase 1 data center delivers superior energy efficiency as measured by Power Usage Effectiveness (PUE). PUE is determined by dividing the total facility power by the IT equipment power – the lower the resulting ratio, the more efficient the data center. During independent testing through a Level 5 Commissioning Process, the data center achieved a PUE of 1.37 at full load, an energy-efficiency level far superior to the industry average data center PUE of 2.0, and better than the EPA’s 2011 target PUE of 1.45 for state-of-the-art enterprise-class data centers.

Mr. Sheputis concluded, ”We have participated in several PG and E efficiency programs and have been very happy with the results. We exceeded our PUE projections for Phase 1 and expect to deliver an even better PUE for Phase 2 by leveraging and advancing many of the efficiency measures used in the first phase. We are currently defining the technical program for Phase 2, and it will include state-of-the-art efficiency measures for service redundancy and energy density. We’re confident that increasing the facility’s capacity will not only lower tenant operating costs, but our expansion should result in lower power costs for our tenants.”

Fortune Data Centers was founded to create a class of industrial grade data centers for corporate clients seeking a cost-effective alternative to the prospect of in-house development and facility management. Fortune’s San Jose facility is designed to provide best in class reliability and total value for large scale deployments of mission critical applications. The property meets or exceeds the toughest industry standards for data centers – in all operational categories of availability, security, connectivity, and physical resilience. Fortune is a privately held company, founded in 2006.

To learn more, please visit: www.fortunedatacenters.com.

San Jose, California – (The Hosting News) – September 16, 2009 – Provider of premium wholesale data center space for corporate customers, Fortune Data Centers, has leased 100% of its 8 Megawatt critical load capacity, within six months of opening the doors of its Phase 1 development.

John Sheputis, CEO of Fortune Data Centers explained, ”Despite a tough economic climate, demand for data center space continues to be a bright spot. To have a facility of this size fully leased in such a short time period should confirm the market strength of Silicon Valley. And, we have a strong team with great vendors and business partners that helped make this happen.”
The company is now beginning work on Phase 2 development at the San Jose facility, which is expected to add approximately 6 Megawatts of critical load capacity. When completed, Fortune San Jose will occupy over 140,000 square feet and support nearly 14 Megawatts of IT critical load.

Dan Golding, vice president and research director, Tier 1 Research added, ”The colocation market is extremely strong, especially for high quality, highly redundant wholesale datacenter capacity. The Silicon Valley area, in particular, is one of the most under-supplied regions of the U.S., with datacenter demand exceeding supply for the past four years. This trend has been exacerbated by the credit crunch, which has made it tough to secure financing for large datacenter projects. The few large, high quality datacenter projects on the market are in great demand from both enterprises and Internet content providers – particularly if they are energy efficient, which makes them less expensive to operate.”

Mr. Sheputis continued, ”Our tenants are among some of the most respected companies in the world. They are experienced industry leaders in their core businesses and have many other data center holdings. They recognize that there are significant cost savings to be realized by partnering with a company that delivers highly energy-efficient data center space.”

Fortune’s Phase 1 data center delivers superior energy efficiency as measured by Power Usage Effectiveness (PUE). PUE is determined by dividing the total facility power by the IT equipment power – the lower the resulting ratio, the more efficient the data center. During independent testing through a Level 5 Commissioning Process, the data center achieved a PUE of 1.37 at full load, an energy-efficiency level far superior to the industry average data center PUE of 2.0, and better than the EPA’s 2011 target PUE of 1.45 for state-of-the-art enterprise-class data centers.

Mr. Sheputis concluded, ”We have participated in several PG and E efficiency programs and have been very happy with the results. We exceeded our PUE projections for Phase 1 and expect to deliver an even better PUE for Phase 2 by leveraging and advancing many of the efficiency measures used in the first phase. We are currently defining the technical program for Phase 2, and it will include state-of-the-art efficiency measures for service redundancy and energy density. We’re confident that increasing the facility’s capacity will not only lower tenant operating costs, but our expansion should result in lower power costs for our tenants.”

Fortune Data Centers was founded to create a class of industrial grade data centers for corporate clients seeking a cost-effective alternative to the prospect of in-house development and facility management. Fortune’s San Jose facility is designed to provide best in class reliability and total value for large scale deployments of mission critical applications. The property meets or exceeds the toughest industry standards for data centers – in all operational categories of availability, security, connectivity, and physical resilience. Fortune is a privately held company, founded in 2006.

To learn more, please visit: www.fortunedatacenters.com.

Quebec, Canada – (The Hosting News) – September 1, 2009 – Provider of Internet hosting services and IT infrastructure, iWeb, has released its financial results for the quarter ending June 30, 2009.

The complete interim financial statements and management report of the Company are available on its websites, www.sedar.com and http://investors.iweb.com.

Eric Chouinard, iWeb President and Chairman added, ”Growth remains our priority, especially in the current economic climate. Having said that, our shareholders will be happy to see signs of profitability on both EBITDA and operating income.”

Martin Leclair, President, Products and Technologies offered, ”Clients are adopting new technologies at the same rate as they were twelve months ago. However, we are noticing a much more controlled approach to expense management from our clients, who are discontinuing certain services which they were not using extensively. Experimental projects are a little smaller, which is normal in the current economic context. We are working closely with our clients to optimize their infrastructure so that they can continue innovating.”

Philip Tousignant, Chief Financial Officer noted, ”Two important points to highlight are that revenues continue to grow and EBITDA is kept above 25% of revenue. Granted, this is the first time that iWeb’s net profit has passed the 1 M$ mark, but that figure is theoretical, just like the losses reported in the past two quarters were. Foreign exchange fluctuations affect the accounting value of a large portion of our long-term debt. Operating income, however, remains positive at over 230,000 $, providing a much better idea of the company’s performance, regardless of market conditions.”

Revenues for the third quarter ended June 30, 2009 increased by $3.1 million or 75%, compared to the same period of 2008, to reach almost $7.2 million.

Revenues for the third quarter of fiscal 2009 originated from iWeb’s three main service offerings as follows: Dedicated servers accounted for 85%, followed by 9% for co-location services and 6% for the shared web hosting. 78% of iWeb revenues for the quarter were generated in U.S. dollars, a significant advantage for the Company during the last quarter and since the beginning of the year. Compared with the same period 12 months ago, currency fluctuations between the Canadian dollar and the U.S. dollar have had a positive impact of $950 000 on revenues. Without taking into account this impact, revenues still would have increased by 52% compared to the quarter ended on June 30, 2008.

Gross profit was 47% of revenues for the third quarter of 2009, compared to 49% for the same period of the previous year. During the past quarter, the favourable impact of the variation of Canada/U.S. exchange rates on the gross profit margin was more than compensated by higher payroll expenses in order to support the sustained and rapid growth of the Company’s operations.

Operating expenses for the quarter went from 48.6% of revenues in 2008 to 43.3% in 2009. This improvement is explained by lower costs for selling and administrative expenses compared to the revenues they generate, though compensated by a rise in interest expenses. Selling expenses decreased, from 16.5% in Q3 2008 to 15.5% of revenues for Q3 2009. Administrative expenses decreased from 24.2% to 17.7% of revenues for the quarter. Interest expenses increased significantly, from 7.1% to 9.6% of revenues for the third quarter. This is caused by the increase in long-term debt in order to support the important increase in the Company’s infrastructures, the greater part of which carry interests in U.S. currency.

iWeb’s operating income for the third quarter was $231,000, compared to $21,000 for the third quarter of 2008.

The other financial expenses represent elements which are the consequence of external market conditions. These expenses exceeded $1M for the quarter ended June 30, 2009. The most important element of these expenses is the unrealized exchange loss on the long-term debt of $10 million US. At the end of quarter ended June 30, 2009, the Canada/U.S. exchange rate was 1.16, compared to 1.26 for the beginning of quarter, which explains the unrealized gain of $977,000.

Taking into account the impact of the other financial expenses, the Company recorded a net profit of $1,023,000 for the third quarter of 2009, compared to a net income of $13,000 twelve months earlier, for the quarter ended June 30, 2008.

iWeb is a worldwide provider of Internet hosting services and IT Infrastructure, with three secure data centers in Montreal. Since 2004, the company’s compounded annual growth rate has been above 75%, making it one of Canada’s 100 fastest growing companies according to PROFIT Magazine.

Founded in 1996 in Montreal, iWeb now generates more than 60% of its revenues from abroad; and employs over 170 full-time employees providing Dedicated Server Hosting, Co-location and Web Hosting services to more than 21,000 customers in 150 countries. iWeb’s shares are listed on the TSX Venture Exchange (TSX-V : IWB).

To learn more, please visit: http://about.iweb.com.

Quebec, Canada – (The Hosting News) – September 1, 2009 – Provider of Internet hosting services and IT infrastructure, iWeb, has released its financial results for the quarter ending June 30, 2009.

The complete interim financial statements and management report of the Company are available on its websites, www.sedar.com and http://investors.iweb.com.

Eric Chouinard, iWeb President and Chairman added, ”Growth remains our priority, especially in the current economic climate. Having said that, our shareholders will be happy to see signs of profitability on both EBITDA and operating income.”

Martin Leclair, President, Products and Technologies offered, ”Clients are adopting new technologies at the same rate as they were twelve months ago. However, we are noticing a much more controlled approach to expense management from our clients, who are discontinuing certain services which they were not using extensively. Experimental projects are a little smaller, which is normal in the current economic context. We are working closely with our clients to optimize their infrastructure so that they can continue innovating.”

Philip Tousignant, Chief Financial Officer noted, ”Two important points to highlight are that revenues continue to grow and EBITDA is kept above 25% of revenue. Granted, this is the first time that iWeb’s net profit has passed the 1 M$ mark, but that figure is theoretical, just like the losses reported in the past two quarters were. Foreign exchange fluctuations affect the accounting value of a large portion of our long-term debt. Operating income, however, remains positive at over 230,000 $, providing a much better idea of the company’s performance, regardless of market conditions.”

Revenues for the third quarter ended June 30, 2009 increased by $3.1 million or 75%, compared to the same period of 2008, to reach almost $7.2 million.

Revenues for the third quarter of fiscal 2009 originated from iWeb’s three main service offerings as follows: Dedicated servers accounted for 85%, followed by 9% for co-location services and 6% for the shared web hosting. 78% of iWeb revenues for the quarter were generated in U.S. dollars, a significant advantage for the Company during the last quarter and since the beginning of the year. Compared with the same period 12 months ago, currency fluctuations between the Canadian dollar and the U.S. dollar have had a positive impact of $950 000 on revenues. Without taking into account this impact, revenues still would have increased by 52% compared to the quarter ended on June 30, 2008.

Gross profit was 47% of revenues for the third quarter of 2009, compared to 49% for the same period of the previous year. During the past quarter, the favourable impact of the variation of Canada/U.S. exchange rates on the gross profit margin was more than compensated by higher payroll expenses in order to support the sustained and rapid growth of the Company’s operations.

Operating expenses for the quarter went from 48.6% of revenues in 2008 to 43.3% in 2009. This improvement is explained by lower costs for selling and administrative expenses compared to the revenues they generate, though compensated by a rise in interest expenses. Selling expenses decreased, from 16.5% in Q3 2008 to 15.5% of revenues for Q3 2009. Administrative expenses decreased from 24.2% to 17.7% of revenues for the quarter. Interest expenses increased significantly, from 7.1% to 9.6% of revenues for the third quarter. This is caused by the increase in long-term debt in order to support the important increase in the Company’s infrastructures, the greater part of which carry interests in U.S. currency.

iWeb’s operating income for the third quarter was $231,000, compared to $21,000 for the third quarter of 2008.

The other financial expenses represent elements which are the consequence of external market conditions. These expenses exceeded $1M for the quarter ended June 30, 2009. The most important element of these expenses is the unrealized exchange loss on the long-term debt of $10 million US. At the end of quarter ended June 30, 2009, the Canada/U.S. exchange rate was 1.16, compared to 1.26 for the beginning of quarter, which explains the unrealized gain of $977,000.

Taking into account the impact of the other financial expenses, the Company recorded a net profit of $1,023,000 for the third quarter of 2009, compared to a net income of $13,000 twelve months earlier, for the quarter ended June 30, 2008.

iWeb is a worldwide provider of Internet hosting services and IT Infrastructure, with three secure data centers in Montreal. Since 2004, the company’s compounded annual growth rate has been above 75%, making it one of Canada’s 100 fastest growing companies according to PROFIT Magazine.

Founded in 1996 in Montreal, iWeb now generates more than 60% of its revenues from abroad; and employs over 170 full-time employees providing Dedicated Server Hosting, Co-location and Web Hosting services to more than 21,000 customers in 150 countries. iWeb’s shares are listed on the TSX Venture Exchange (TSX-V : IWB).

To learn more, please visit: http://about.iweb.com.