PEER 1 and iWeb See Growth

Canadian-based web hosting is making a comeback in 2012 according to the annual Branham300 list, published by Canadian tech analyst company Branham Group, Inc. The annual list considered one of the most prestigious lists among Canadian ICT companies, so when companies like PEER 1 and iWeb do well it is great for business.

“The Canadian ICT industry got back on track in 2011, with the economic downturn firmly entrenched in its rear-view mirror,” wrote the authors of the report. “While there were still bumps in the road, this year’s Branham300 data illustrates that many of Canada’s ICT elite turned the corner in 2011 and changed gears from survival to growth mode.”

PEER 1 was ranked 48th on last year’s list but moved up to 43rd for 2012. The Vancouver-based company reported revenues of some USD $33.6 million for the final quarter of the 2011 calendar year. That represents an increase of about 21% from the same period in 2010. Peer 1 now has more than 10,000 worldwide customers and has just introduced some brand-new services relating to its cloud hosting platform. As for its fellow Branham300 company, iWeb is not doing so badly either.

iWeb was ranked 120th last year, while this year they gained 13 spots to move up to number 107. Their revenues in 2011 reached some $35 million with continued expansion and growth expected for 2012. iWeb is not yet as prolific a web hosting company as PEER 1, but with the growth they experienced between 2010 and 2011 it may be only a matter of time before they get there. iWeb’s strongest selling point is their focus on French speaking Canadian customers. It is a niche market that’s not being exploited by anyone else.

For our iWeb review, just click on the link.

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