Coreix Managed Servers

Managed hosting service provider Rack Force has accidentally deleted one of its customer’s decade-old databases, which contained more than 1.5 million forum posts. Impalassform.com, which is a leading automotive forum and allowed users to share information on the Chevrolet Impala, has now lost around ten year’s worth of data.

RackForce’s general manager Randall Robinson said that the error was an extremely unusual and unfortunate event. “The issue was caused by a miscommunication between the customer and one of our technical staff, which resulted in a data file being deleted,” Robinson said.

Source: Global Gold

iomart accelerates managed hosting growth with acquisition of RapidSwitch

iomart group has acquired the entire issued share capital of RapidSwitch Limited, a managed hosting provider and currently ranked by Deloittes as the 10th fastest growing technology company in the UK, for £4.3 million cash on completion with a further £0.95 million payable on 31st March 2010.

The company is focussed on delivering highly reliable managed hosting solutions for its clients. RapidSwitch currently manages over 4,000 dedicated servers on behalf of 1,600 clients ranging from SMEs through to large corporate. For the year to March 2008 revenues grew from £1.4 to £2.6 million and EBITDA was £760k. Similar rates of revenue growth have been maintained through to March 09.

Source: iomart

Rackspace posts 21% profit for first quarter

Rackspace Hosting has announced its results for the first quarter of 2009. The San Antonio-based Web hosting company reported net income of US$6.6 million, up 21% from the same quarter a year ago.

Rackspace reported net revenues of US$145.1 million, up 21% from the same quarter a year ago. The depreciation of the pound sterling resulted in a negative impact of US$3.2 million on its revenue. The company gets 24% of its revenue generated in pounds from its operations in the United Kingdom.

Source: My San Antonio