Nov. 14, 2001 -- Managed hosting provider Inflow, Inc. said its third-quarter revenues grew 15 percent from levels in the previous quarter. The Denver-based company, which operates 18 Internet data centers, said it signed more than 110 new customers during the quarter, giving it a total of more than 650 customers.
“Three straight quarters of solid revenue growth demonstrates our strength and long-term commitment in this industry,” said Art Zeile, Inflow’s chief executive officer. “This stability allows us to expand our product offerings in response to customers’ current needs and the increasing demand in the market for our services.”
The company said it attributed the additional revenue to new customer growth and higher penetration of managed services among existing customers. Inflow has recently expanded its product offerings to include intelligent routing services, managed security packages, and "operational process outsourcing," which helps enterprises more efficiently run their internal IT efforts.
The company also said its customer churn rate is continuing to decrease each month.
Inflow currently employs 500 workers in 18 IDCs in the United States and Europe, with more than 600,000 square feet of space under operation