SingleHop Celebrates Its Doubling of Year‐Over-Year Revenues with 14,000-Foot-Skydive
For the third quarter ended Sept. 30, managed hosting provider SingleHop (www.singlehop.com) generated revenues of 1.62 million U.S. dollars, representing an increase of 19.5 percent in the second quarter of this year, 119 percent over the same period last year.
According to the announcement last week SingleHop reported a rate of 6.9 million U.S. dollars of annual progress, and increased nearly 36 percent in earnings before interest, taxes, depreciation and amortization in the second quarter. To celebrate the milestone, four fifths of SingleHop workforce jumped from a plane at 14,000 feet to celebrate the milestone.
“SingleHop was parachuting to show that we have the same enthusiasm for life that we supply reliable, cost effective, dedicated servers, along with exceptional customer service, account manager Stephanie SingleHop Ostheimer said in a statement. “Focus on doing this every day has prompted us to incredible growth, and always trying to find new frontiers we choose to celebrate for 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 in recent quarters.
“Our growth between Q2 and Q3 has clearly demonstrated that SingleHop is in a strong financial position relative to their peers,” SingleHop president and CEO of Zak Boca said in a statement. “We have generated about 20 percent more revenue in Q3 on Q2, a number unprecedented in our industry, and without increasing debt or selling equity.”
Their commitment to providing customers with innovative and cost-effective service has helped drive its growth in recent months. For example, recently SingleHop firewall system demand, Snapshield, allowing small and medium customers to rapidly deploy an advanced hardware firewall, Cisco powered by a fraction of the cost of having your own dedicated hardware firewall.
The introduction of new services as a sign of commitment is one thing – jumping from a plane – another track. These extreme actions, however, not entirely unusual in the hospitality 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 demonstrates his commitment to his work … but also assures a great job stability.