Providence Business News names prov.net as 3rd fastest growing in $250k-$5M category
THIRTY OF RHODE ISLAND’S most-exciting companies have been selected for the 2014 Fastest-Growing & Innovative Companies awards program, to be celebrated Sept. 10 at Rosecliff in Newport.
3RD PLACE CEO (or equivalent): Ron Sacks, CEO and Managing Partner GROWTH: 299%
By Nancy Kirsch
PBN Staff Writer
Five-year-old Provdotnet LLC, which provides data-center solutions to Alex and Ani LLC, Atrion SMB and 7-Eleven, among others, is enjoying remarkable growth. By parlaying its expertise in data-center services, the company realized a nearly 300 percent increase in revenue from 2011 to 2013, with year-end 2013 revenue of $1.2 million. Provdotnet is continuing to see gains and expects sales of nearly $2 million in 2014, said Ron Sacks, CEO and managing partner. It’s a number that the firm is likely to see. A year ago, Sacks and company predicted 2013 revenue of between $1 million and $1.5 million.
Provdotnet provides a complement of colocation services, managed services and connectivity services. The company, with five employees and some 30 clients, has its headquarters in a 2,500-square-foot office complex at 1155 Westminster St. in Providence. For security reasons, the precise locations of Provdotnet’s two data-center facilities are not disclosed, though Sacks said they are in the Federal Hill area. Sacks attributes Provdotnet’s expansion to two factors, one external and one internal. The first factor is market dynamics, given the very strong market for technology cloud services and related data center services. Second, Sacks said, “We are the leading provider within 50 miles of Rhode Island of data center services and cloud solutions. [Provdotnet is] the only[company] able to provide critical services for companies seeking secure data services with high-availability fiber optics and necessary critical power.”
Looking to the future, Sacks anticipates that the company will double its revenue and number of clients in five years
In response to the above announcement by PBN, Ron Sacks, CEO & Managing Partner, from Provdotnet commented on the recognition: “This is quite an honor for us. The fact that Providence Business News identified us as the 3rd fastest of the “Fastest-Growing Companies” in our category for a 3rd consecutive year signals that our constant efforts towards providing best in class data center facilities are paying off. We are proud to be included in this recognition.” “We like the number “3”.
Prov.net provides data center services enabling cloud service providers and businesses to host their computer platforms in Tier 3 SSAE SOC2 facilities located in Providence RI.
For more information on Provdotnet, located in Providence, RI, please call 401-441-5213.
Contact Info: Provdotnet
Email Address: email@example.com
Provdotnet Selected For “Fastest-Growing Private Companies”.
Source: Provdotnet, LLC
More information is available at http://www.prov.net