January 15, 2002 — (WEB HOST INDUSTRY REVIEW) — Yipes Communications, Inc. (yipes.com), a provider of Ethernet services, announced yesterday that its annual sales jumped 64 percent in 2001 over the previous year, when its gigabit optical networks began serving metro markets across the country.
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The value of contracts signed last year in terms of recurring monthly
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revenue soared 98 percent. Yipes enjoyed strong sales momentum as the year
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closed. Yipes booked more than $10 million in new business in the fourth
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quarter of 2001, despite the adverse impacts on the nation’s economy of the
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Sept. 11 terrorist attacks. It ended the year with more than 500 customers
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in full service.
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Yipes turned up many prominent customers in 2001, including Accenture,
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Calpine, Carnegie Mellon Supercomputing Center, Dresdner RCM Global
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Investors, Drexel University, Fred Hutchinson Cancer Center, Maxtor Corp.,
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National Restaurant Association, Refco, Transmeta, U.S. Geological Survey
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and University of Pennsylvania.
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“Yipes services continue to enjoy an outstanding reception in the
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marketplace,” said Jerry Parrick, Yipes CEO. “When IT budgets are
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constrained, customers searching for greater value are coming to us for
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faster, more flexible and affordable network services. The rapid adoption of
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Yipes by some of the nation’s leading companies and institutions proves that
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demand is high for our pioneering optical Ethernet services.”
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Yipes provides scalable Ethernet services, ranging from 1 Megabit per second
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to 1 Gigabit per second in 1 Mbps increments. Yipes’ services are available
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in 21 markets coast to coast, and include Yipes MAN (Metro Area Networking),
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Yipes NAN (National Area Networking) and Yipes NET (high-speed Internet
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access).
