Cloud and server hosting company ranks 82nd with 605% growth over 5 years
MONTREAL, June 6, 2012 /CNW Telbec/ - iWeb has been ranked as Canada's 82nd fastest growing company in the 24th annual PROFIT 200 ranking of Canada's Fastest-Growing Companies by PROFIT Magazine. iWeb joins an exclusive group of only 14 companies on this year's ranking who have achieved at least five appearances on the list.
Ranking Canada's Fastest-Growing Companies by five-year revenue growth, the PROFIT 200 profiles the country's most successful growth companies.
The challenge of sustainable growth
iWeb, who provides Cloud service and Internet hosting services from its four (4) Data centers in Montreal, grew its revenue 605%, from $8.8M in 2007 to $35.5M in 2011.
"We are very, very proud to be ranked on the PROFIT 200 for a fifth consecutive year, 2011 has probably been our busiest yet!" says iWeb CEO Eric Chouinard, who adds that "As iWeb continues to grow, maintaining high-percentage revenue growth becomes more complex, as everything else - like staff and IT infrastructure - must scale and grow proportionally. This is only possible thanks to our team's dedication, collaboration and relentless desire to innovate and succeed; congratulations to every one of our 229 employees!"
Earlier this year, shortly after announcing a new, "kinder" Cloud server service, iWeb took another step towards its mission to grow into a $100 Million dollar company when it appointed former Bell Canada and SUN Microsystems VP Christian Primeau to President and Chief Operating Officer.
iWeb's progress in the PROFIT 200 ranking (formerly Profit 100):
|Year||Ranking|| 5-year revenue growth
About PROFIT Magazine:
PROFIT: Your Guide to Business Success is Canada's preeminent publication dedicated to the management issues and opportunities facing small and mid-sized businesses. For 30 years, Canadian entrepreneurs and senior managers across a vast array of economic sectors have remained loyal to PROFIT because it's a timely and reliable source of actionable information that helps them achieve business success and get the recognition they deserve for generating positive economic and social change. Visit PROFIT online at PROFITguide.com
iWeb provides the on-demand server and cloud infrastructure that allows over 20,000 customers worldwide to deliver today's Internet-based technologies and to create tomorrow's online innovations. Since 1996, Montreal-based iWeb has been rated among the world's top web infrastructure providers based on performance and reliability and among Canada's fastest growing companies.
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