iWeb moves up in the 2009 PROFIT 100 ranking with 1128% in revenue growth

Montreal, Quebec (Gawkwire.com) From 2003 to 2008, the company's revenues have gone from $ 1,384 million to $ 15,616 million as of October 1st 2008. Last year, iWeb's 5-year growth totaled 627%, enough for the IT infrastructure and Internet hosting company to make its entry into the 100th position on the annual ranking.

Eric Chouinard, CEO and co-founder of iWeb; "In 2003, shortly before iWeb went public and bought its first data center, we knew everything would become digital. It's amazing to see how quickly this transition is actually happening!." He then adds that "This is a very proud achievement for iWeb. More than anything else, it is the result of teamwork and persistence."

"Since 2003, we have grown from 15 employees to over 170 today!  The fact that many of those original 15 are still involved with iWeb today says a lot about our environment" comments Martin Leclair, co-President, products and Technology and  iWeb co-founder. "The biggest challenge has been to continue innovating while managing our growth" he adds.

iWeb, who has reported revenue growth exceeding 90% for the first two quarters of 2009, is also becoming an important exporter of IT services, generating over 60% of its revenues from abroad.

iWeb's growth, in numbers*:
 

                                                                   2003                                2008                   % increase
 
Employees                                   15                            166                1,107%
 
Revenues (in thousands $)            1,384                       15,616            1,128%
 
Data center square footage (net)    500                          59,000           11,800%
 
Network Capacity                           100 Mbps(0,1 Gbps)   59 Gbps         59,000%
 
Dedicated servers                          200                          11,000           5,500%
 
Co-location cabinets                       4                             1,012            25,300%
 
*rounded figures

The PROFIT 100 is the annual ranking which rates the top 100 Canadian companies based on the percentage of their revenue growth over a 5-year span. Produced by the business magazine PROFIT, 2009 marks the 21st edition of the ranking. The complete list will be published in the June edition, as well as on the website: http://www.profit100.com