July 22, 2006

Yesterday, managed service provider VeriCenter announced results for its second quarter. The company had revenues of $15.5 million, up 26 percent year over year and 7 percent sequentially, making it the 24th consecutive quarter of sequential revenue growth dating back to its inception in 2000.

VeriCenter also reported positive earnings before interest, taxes, depreciation and amortization for the 19th consecutive quarter.

"Our record of quarterly revenue growth over six full years is unmatched in our industry," says Gray Hall, CEO and president of VeriCenter. "In addition to strong revenue growth in the second quarter of 2006, we also achieved a record level of new bookings which should allow us to continue growing revenue at the current rate."

The company's 26 percent annualized growth rate for Q2 2005 to Q2 2006 represents pure organic sales growth as its most recent acquisition of Minneapolis-based Agiliti was completed in Q1 2005.

VeriCenter delivers a comprehensive range of enterprise hosting and infrastructure outsourcing services to small and medium-sized enterprises.

Its managed services include management for servers, storage, networks, appliances, databases and security.

Source: The WHIR