GNi, Hosted Solutions Named to Inc. List

Data center service providers GNi Inc. and Hosted Solutions have been named to Inc. magazine's annual list of the fastest growing companies.

GNi Inc., formerly Global Netoptex, was ranked 349th overall on the prestigious annual list, with a three-year revenue growth rate of more than 792 percent. GNi reported 2003 revenue of $903,715 and 2006 revenue of $8.1 million. The company has 56 employees. Founded in 2002, GNi has 14 service locations across the United States, Europe and Asia.

"GNi continues to record outstanding customer growth and soaring revenues," said Derek Wise, GNi president and CEO. "Today, with more than 400 customers, 100 percent annual revenue growth and operations in key markets worldwide, we are keeping our promise to execute on our global expansion plans designed to allow our clients access to high-quality solutions."

Hosted Solutions, ranked number 1,274 on the list, which now tracks the 5,000 fastest-growing companies on multi-year growth rates, compared to 500 in past years. Raleigh, N.C.-based Hosted Solutions reported revenue of $3.8 million in 2003 and $14.7 million in 2006 for a growth rate of 281 percent. The company has 71 employees.

"Hosted Solutions employees have made a collaborative effort over the past year to fuel the company's tremendous growth with dedication and focus," said Rich Lee, Founder and CEO of Hosted Solutions. "I firmly believe that great accomplishments stem from great effort, and making the Inc. 5000 is testimony to the collective contribution of all our employees who have worked vigorously to deliver superior customer service and technical expertise for the solutions we provide our clients."

"The Inc. 5,000 provides the most comprehensive look ever at the most important part of the economy