The Monster that is Hosting 365

Sponge Bob

Hosting 365 told Silicon Republic about their plans for world domination in a piece Here

The stats are impressive. Truly Impressive.

At a time when redundant data centres were 2 a penny in Dublin, Hosting 365 started off from a bedroom in Maynooth (an Analogue Line was it Steve ?) and then

"the company was founded on the debris of the original data centre industry in Ireland that crashed with the loss of several companies in 2001. “Basically there were a lot of fire sales and we had very little start-up costs"

And now for the world

"the company is planning to go global, having secured a major hosting project with the Government of Caribbean island St Lucia and is in the process of establishing an international reseller network in South Africa, New Zealand and Taiwan."

not forgetting 30,000 customers either ....apart from Boards of course .

"it had three employees and 20 customers. Today the company has 20 employees and more than 30,000 customers, of which one quarter are Irish companies. Clients of Hosting 365 include Ryanair.com, Daft.ie, Budget Travel, Pigsback.com, Smart Telecom, Fexco, USIT, the Department of Social and Family Affairs, the Pensions Ombudsman, O2, Alphyra and the Irish Stock Exchange to name but a few."

and the financials

"the company has not taken on any venture capital or equity investment since setting up. Instead Hosting 365 has been relying instead on what he terms the “snowball effect” whereby the company grows consistently through taking on more customers that pay monthly fixed rates, rather than relying on utilities such as discount invoicing. “As a result we have grown organically and are quite profitable, with a net profitability of 25-30pc.”"

Well spotted, well timed, well executed and well done to all in Hosting365 . When are ye buying Eircom ????

seamus

Credit where credit is due. You don't do that well without long hours and tough decisions. Nicely done Steve!