Excedent Reports Quarterly Revenue Growth of 170%
Vienna, Virginia (July 19, 2004) – Excedent Technologies, the leading provider of managed email hosting with integrated security threat prevention, today announced significant revenue growth in the second quarter of 2004. The company grew revenues 170% in the second quarter, compared to the same time last year. Second quarter growth is attributed to increased Webmail.us small business sales, the addition of several new channel partners and the growth of existing accounts, especially within the automotive retail vertical.
“We are very pleased with our performance over the past three months,” proclaimed Patrick Matthews, CEO of Excedent Technologies. “We experienced another quarter of sustained revenue growth and profitability and made great strides on the product development front. While much of the attention in the industry as of late has been consumed by some of the larger consumer-focused email providers like Yahoo!, Hotmail and now Google, we continue to gain momentum in the business and service provider marketplace.”
Continued growth has also allowed Excedent management to expand its team and align the company with strategic partners. In the second quarter, Excedent expanded its channel sales team and announced a partnership with Rackspace, a leader in the managed hosting industry. “Talented people and value added partners are the most important ingredients to any successful business,” touted Matthews. “We will continue to strengthen our team moving forward and we expect our revenues to grow accordingly.”
About Excedent Technologies
Excedent Technologies is the leader in managed email hosting with integrated security threat prevention. The company equips service provider partners across the entire business spectrum with the ability to resell hosted email accounts protected from Spam, computer viruses and other threats facing corporate email systems. Excedent manages and maintains this critical communications infrastructure, freeing up personnel resources and eliminating the need for partners to purchase email-related hardware, software and security services. The company is privately held and profitable, serving more than 2,500 resellers and customers worldwide. For more information, please visit www.excedent.com or call 866.EXCEDENT (866.392.3336).