Peak 10's Steady Growth Provides Customer Stability in Uncertain Economic Times
CHARLOTTE, N.C.- March 12 2009 -- Peak 10, a leading independent data center operator and managed services provider, is experiencing continued, steady growth despite the challenges of the current economic climate. The investments made in 2008 in managed services and data center buildouts have already paid dividends. 2009 will bring additional facility enhancements and advanced service offerings for Peak 10. Leveraging its $60 million extended RBC credit facility secured in the spring of 2008, the company has remained on an investment path to meet ongoing customer demand.
"We have taken deliberate, calculated steps towards enhancing data center capacities and to offer outsourced solutions that reduce customer operating risks. We are increasing productivity, maximizing efficiencies and scale of operations so our valued clients may steadily thrive despite the volatility of our current business environment," said David H. Jones, Peak 10's president and chief executive officer. "We encountered a similar, perhaps not as pervasive, downturn in the 2001-2002 early phase of our company's growth. We learned important lessons then and have kept those core operating principles as we have grown."
Founded in 2000, Peak 10 has strategically expanded its footprint throughout the Eastern U.S. The company built its initial facilities, acquired facilities from companies that did not survive the technology downturn in 2001-2002, and then acquired established data center companies in Louisville, Ky., Nashville, Tenn., and Richmond, Va. In 2007, Peak 10 expanded into Atlanta, Ga. and also added a second facility at its Jacksonville, Fla. location. 2008 brought further growth with the opening of a greenfield facility in Cincinnati, Ohio as well as expansions in Nashville, Tenn. and Raleigh, N.C, where additional state-of-the-art, fully-commissioned facilities were added to meet existing and new customer demand. Further Peak 10 success-based expansions in established markets are planned for 2009 to allow for further customer growth.
Peak 10's progressive infrastructure development has been complemented by the creation of management roles to increase focus on customer service and satisfaction. Often promoting from within, the company recently advanced seasoned Peak 10 general managers Greg Rollet and Allen Skipper to regional vice president positions. Earlier this year Mark Whetstone, an industry veteran from M3 Technology Group, joined Peak 10 as vice president of business development in a move by the company to expand its visibility in strategic markets and to further enhance its partner business relationships.
"We are among a select group of IT services providers that have continued to invest significant capital in the construction of new facilities and enhancement of service portfolios," said Dan Wixon, vice president of service delivery for Peak 10. "Our main focus is investing in our customers' growth and offering cost savings by expanding our existing data center capacities, providing our managed services expertise, and leveraging our strategic partnerships as well as personal touch with our clients to deepen our relationships and customer experience."
Peak 10'sevolving managed IT and data center services improve reliability, increase revenue growth, lower costs and maximize internal resources for customers while keeping their valuable information technology assets close to the business. Peak 10 combines its secure network, high-tech data centers and portfolio of managed services with localized engineering and support to serve market-leading companies nationwide. The company owns and operates data centers in nine key U.S. markets that include Cincinnati, Ohio; Atlanta, Ga.; Raleigh and Charlotte, N.C.; Tampa and Jacksonville, Fla.; Nashville, Tenn.; Louisville, Ky.; and Richmond, Va.
About Peak 10, Inc.
Peak 10 is the leading independent data center operator and managed services provider, delivering scalable, economical and reliable solutions for hosting and managing complex information technology infrastructure. The company combines multiple data centers and its portfolio of managed services with localized engineering and support to serve market-leading companies including LendingTree, Rivals.com, Global Knowledge, Pergo, Healthways, Churchill Downs and The Fresh Market. Peak 10 is SAS70 Type II compliant and helps companies meet the requirements of various regulatory compliance acts such as Sarbanes-Oxley (SOX), HIPAA, PCI and Gramm-Leach-Bliley (GLBA). For more information on data center solutions from Peak 10, visit www.peak10.com
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