December 09, 2003

By: Dora Clarke
Website: http://www.1st-in-web-hosting.com

Hostcentric merger creates web hosting powerhouse

Hostcentric, Inc., one of the largest privately held international providers of Web hosting, application management and e-commerce solutions for small- and medium-sized businesses, announced today that it has formed by merging five industry-leading operating companies. The companies are Alldomains.com, Inc. of Pleasant Hill, Calif.; Maxim Computer Systems Corp. of Fremont, Calif.; NSI Web Design of Farmingdale, New York; Virtualscape, Inc. of New York City; and Web2010 of Orlando, Fla.

The newly formed company offers middle-market businesses a variety of advanced e-solutions, including infrastructure support, dedicated Web hosting and co-location managed services, streaming media and leading software applications services as well as global domain registrar services.

In May, Hostcentric became one of the first companies certified by Oracle to provide hosting solutions for Oracle applications, including the recently released Oracle® E-Business Suite 11i, the industry's first fully integrated e-business applications suite.

The five operating companies of Hostcentric host more than 44,500 Web sites for about 19,000 customers on approximately 600 dedicated and 390 co-located servers. With a workforce of more than 150 employees, Hostcentric is well positioned to implement its aggressive growth strategy.

"Historically, each of these companies has been profitable and has experienced tremendous revenue growth from 100 to 280 percent," explained Gregory D. McKown, chief executive officer of Hostcentric. "We are looking forward to integrating the talent and experience of each company into the Hostcentric team."

"Combining the complementary services of these leading firms positions Hostcentric to take full advantage of the enormous growth opportunities in Web hosting, domain name registration and application hosting services," added Fred Pounds, chief operating officer and chief financial officer of Hostcentric.

According to International Data Corporation (IDC), revenues for Web hosting services will grow from $1.8 billion in 1999 to $18.9 billion in 2003. Meanwhile, global domain registrations are projected to soar ten-fold during the next three years (Deloitte Consulting), and Forrester Research expects application services hosting revenues to surge from $933 million in 1999 to more than $11.3 billion by 2003.

"With this move, Hostcentric is completing an important expansion at a pivotal time with the right people," McKown said. "Through the hard work of our talented employees and the contributions of our shareholders, Hostcentric is closer to attaining its vision to becoming the industry leader in providing a comprehensive package of vital e-commerce solutions to middle-market companies conducting business on the Internet."

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About The Author:

Dora Clarke is a successful author and regular contributor to http://www.1st-in-web-hosting.com.  Promote your website by using affordable web hosting companies and services.