Xtium Named to Lead411′s 2013 “Hottest Companies in Pennsylvania” List
Xtium, Inc., a leading enterprise software and solutions company providing managed cloud hosting, online backup and virtual disaster recovery services, is proud to announce it is among the list of Lead411’s Hottest Companies in Pennsylvania, released this week.
The list highlights the fastest growing technology companies headquartered in Pennsylvania, taking into consideration revenue growth and investor funding. Xtium increased its recurring revenue 74 percent from 2011 to 2012 and secured an additional $2 million from OpenView Venture Partners, bringing its total investment to $13.5 million.
“We are thrilled to be part of Lead411’s list and recognized alongside our technology peers in Pennsylvania,” said Tim Buckley, CEO, Xtium. “Xtium has grown from a small technology consulting firm in 2004 into a fully managed services provider focused on virtual cloud hosting and disaster recovery in 2007. Since then, our company has helped numerous small- to mid-sized businesses benefit from information technology by removing the daily hassles of IT management.”
Xtium was selected for the award by the Lead411 research team, which searches press releases and business articles citing venture capital financing, company launches, office openings and new customers to determine the fastest growing technology companies. Lead411 started out looking at over 1,045 companies in Pennsylvania and narrowed it down to 18, including Xtium.
For more information about the award please see Lead411’s news release here.
About Xtium
Xtium is a leading enterprise software and solutions company innovating managed cloud hosting, online backup and virtual disaster recovery services. We offer companies the most secure virtual private cloud experience with guaranteed application performance across the network. Our architecture is flexible, allowing customers to remain in control. We are the only enterprise service company certified to deliver, SAP®, VMware® and Riverbed® technologies. To learn more, please visit http://www.xtium.com.