March 1, 2011
Santa Clara, Calif.—March 1, 2011—OpSource, Inc., the leader in enterprise cloud and managed hosting, today announced that it has achieved significant growth, EBITDA profitability, free cash flow, and 100% availability of its cloud service. The company experienced high growth in its 2010 fiscal year due to heightened demand for its cloud services, high customer satisfaction and strong execution of its business. One major driver of this growth is the company’s focus on its partner ecosystem, which contributed to 30% of its overall cloud revenue. As the only public cloud provider to offer enterprise-ready capabilities and managed systems and application services, OpSource has experienced high demand for its services, resulting in an expansion of its product portfolio, geographic reach and channel presence.
In 2010, OpSource achieved significant growth in its business, including:
- EBITDA profitability
- Free cash flow
- 100% availability of its Cloud Hosting platform
- Positive growth in customers and revenue across its product portfolio
- Continued industry-leading innovation
OpSource attributes its high rate of customer satisfaction to its strong service differentiation, quality of customer service, high availability and expertise in both system and application managed services. The company continued to expand its success in key vertical industries, including software, hardware, retail, life sciences and communications.
Additionally, the company launched its Partner Ecosystems in 2010 and now has more than fifty carriers, service providers, systems integrators, consultants and cloud Platform-as-a-Service (PaaS) partners that are reselling or marketing its services. In 2010, OpSource added the following partners: Accenture, Cisco Systems, Equinix, Ingram-Micro, Oracle, NTT America and NTT Europe. The company expects that more than 50% of its cloud revenue in 2011 will be generated by the channel, as enterprise-class public cloud Infrastructure-as-a-Service (IaaS) becomes a critical component of Integrated Communications Technology (ICT) solutions.
OpSource continued a rapid pace of innovation. In 2010, OpSource announced general availability of its Cloud Hosting services, including pay-by-the-hour virtual servers, virtual storage and cloud-based networks. Focusing on its differentiation as an enterprise-class public cloud, OpSource enhanced its service with features such as:
- Hardware-based networking, including customizable firewalls, load balancing, NAT, multicast and VPN
- 100% network and platform availability guarantees
- Sub-millisecond cloud platform latency guarantee
- Configurable CPU, RAM and storage on each cloud server
- Broad operating system support, including Microsoft Windows Server, RedHat Linux, Ubuntu and CentOS
Additionally, the company released Managed Services for the Cloud, a full suite of application and system management services that provides businesses and developers with a more operationally-efficient model for migrating and scaling mission-critical applications in the public cloud.
“2010 was a year of growth and expansion. Our execution on all levels as well as our leadership in cloud and managed hosting are the results of the great people we have at OpSource,” said Treb Ryan, CEO of OpSource. “2011 will bring significant global expansion, continued innovation and a focus on serving the needs of businesses to use the cloud to mission-critical applications. We’ll also see a continued focus on helping ISVs and enterprises to scale and launch SaaS applications. We’ll accomplish this alongside our partners which we expect to be a game changing growth engine for OpSource.”
For more information or to find out how to purchase OpSource’s managed services and cloud offerings, please visit opsource.net.
About OpSource
OpSource provides cloud and managed hosting solutions that enable businesses of all sizes to accelerate growth and scale operations while controlling costs and reducing IT infrastructure support risks. More than four hundred Software-as-a-Service ISVs, cloud platform providers, carriers and enterprises rely on OpSource's expertise, experience and agility to operate high-availability, business-critical hosting environments. Our industry-leading Application Operations service goes beyond traditional hosting by providing application management, change management, performance management and application optimization. OpSource Cloud™ is the first cloud to bring together the flexibility, availability and community of the public cloud with the security, performance and control the enterprise demands. Founded in 2002, OpSource is SAS 70 Type II, PCI DSS Level 1 and European Safe Harbor certified and has operations in California, Virginia, UK, Ireland, and India. For more information, please visit opsource.net.
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For additional information, please contact:
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Dale Legaspi
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Engage PR
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+1 510 748 8200 ext. 208
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