SingleHop employees went skydiving to celebrate the company's third quarter growth. (Tip: Make sure the Q3 results are good before you jump.)
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(WEB HOST INDUSTRY REVIEW) -- For the third quarter ended September 30th, managed hosting provider SingleHop (www.singlehop.com) generated revenues of $1.62 million, representing a 19.5 percent increase over the second quarter of this year, 119 percent over the same time period last year.
According to its announcement late last week, SingleHop reported a $6.9 million annualized run rate, and a nearly 36 percent increase in earnings before interest, taxes, depreciation, and amortization over the second quarter. To celebrate the milestone, four fifths of SingleHop's workforce jumped out of a plane at more than 14,000 feet to celebrate the milestone.
"SingleHop went skydiving to demonstrate that we have the same zest for life that we do providing reliable, cost-effective, dedicated servers, along with exceptional customer service," SingleHop account manager Stephanie Ostheimer said in a statement. "Focusing on doing this each and every day has propelled us to incredible growth, and always trying to find new boundaries we chose to celebrate by skydiving."
Founded by Zak Boca and Dan Ushman in 2006 on the principle of providing reliable, cost-effective, dedicated services, SingleHop has shown remarkable consistency in its growth for the past few quarters.
"Our growth between Q2 and Q3 has clearly shown that SingleHop is in a solid position financially and in respect with its peers," SingleHop president and chief executive officer Zak Boca said in a statement. "We generated nearly 20 percent more revenue in Q3 compared to Q2, which is a number unrivaled in our industry and achieved without increasing debt or selling equity."
Its commitment to bringing customers innovative and cost-effective services has helped drive its growth over the past few months. For instance, SingleHop recently released its on-demand firewall system, SnapShield, enabling small and medium sized clients to quickly deploy an advanced, Cisco-powered hardware firewall for a fraction of the cost of having their own dedicated hardware firewall.
Introducing new services as a sign of commitment is one thing -- jumping out of a plane -- another entirely. Such extreme actions, however, are not entirely unusual in the hosting industry. As part of PEER 1 Network Enterprises' (www.peer1.com) 10th anniversary celebrations, three employees got tattoos of the PEER 1 logo. -- in a move that not only shows their commitment to their work... but also assures them a great deal of job security.
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