To download a pdf version of this post please click here

Houston, Texas – April 9, 2007 – VeriCenter, Inc., a leading provider of managed hosting, colocation, and infrastructure services for mid-to-large enterprises, today announced first quarter 2007 revenues of $18.2 million, up 25 percent compared to the first quarter of 2006. Revenue was up 6 percent sequentially versus fourth quarter 2006 results, which represents the company’s 27th consecutive quarter of revenue growth since its inception in 2000.

VeriCenter also reported a company record level of total bookings for the quarter (a measurement of the total monthly recurring revenue contracts signed), marking a strong first quarter and a solid start for 2007.

“Our first quarter results show that we are hitting on all cylinders. By every measure-new customers, renewals, customer satisfaction, expense management, revenue, bookings growth and EBITDA performance-Q1 was a big success. This could not have been achieved without the total commitment and performance of our employees, who are focused on delivering the best customer satisfaction of any company in our industry,” said Gray Hall, CEO and president of VeriCenter, Inc. “Our pipeline continues to be very robust, and we expect to continue growing at the pace we have established in Q1.”

New customer growth continues to be a key measurement of success in the hosting marketplace, and VeriCenter added 36 new customers in first quarter. The company was recently selected to host a complex Web solution for AssetBuilder, Inc. (AB), a Securities and Exchange Commission (SEC) Registered Investment Advisory firm by Kennon Grose and Scott Burns. AssetBuilder’s goal is to create a significant challenge to traditional financial firms by establishing an affordable, self-service asset management solution for self-directed investors. “VeriCenter provides the world-class infrastructure we require for hosting our Web site,” said Tony Scott, executive vice president – Technical Services, AssetBuilder. “We know we can rely on VeriCenter to provide the quality of service our customers expect when they meet us on the Web.”
First Quarter 2007 Highlights

• 27th consecutive quarter of sequential revenue growth since the
  company was founded in 2000.
• 23rd straight EBITDA-positive quarter.
• 36 new customers including IKON, Atlantic Aviation,
  AssetBuilder, Strategic Materials, Inc., Exchange Solutions Inc.,
  iZoom Online, and Northern Star Generation.
• First $6M revenue month in February 2007, coming just 10
  months after crossing the $5M revenue month threshold in April
  2006.

About VeriCenter, Inc.

VeriCenter is a leading provider of managed hosting, colocation, and infrastructure services for mid-to-large enterprises. From a nationwide network of seven premier data center facilities, VeriCenter provides a comprehensive range of managed services including management of servers, storage, backups, network, databases, and security to more than 600 business customers in a broad range of industries. Our centralized service delivery model provides a better way to achieve reliability, scalability and cost-effectiveness for IT infrastructure in support of enterprise applications, Web sites, SaaS (software as a service) applications, disaster recovery solutions and general business infrastructure. As a two-time winner of Inc. 500′s fastest-growing companies in the United States, VeriCenter is a market leader in managed hosting services and is ideally positioned to guide enterprises through the long-term industry evolution toward Utility Computing.

For more information on VeriCenter, please visit us at http://www.vericenter.com/

For information on how we’ve supported our customers’ business, please visit http://www.vericenter.com/customers/index.aspx