May 1, 2002 : Inflow to Cut Staff, Data Centers

📅 May 1, 2002 - Denver-based Web hosting firm Inflow (inflow.com) said today it would reduce its workforce and either close or sell a number of its data centers in order to become EBITDA (Earnings Before Interest and Taxes Depreciation Adjusted) positive by the second quarter of 2002.

Inflow said it plans to "phase out" its operations in Irvine and Sacramento, California, and said it would reduce its corporate and non-essential field support staff.The company also said it is negotiating terms to sell its Dublin, Ireland, and Dallas, Texas, data centers to local companies.
Inflow said customers affected by the moves would be offered migration assistance to transfer their operations to other Inflow IDCs. The company also said it would centralize its off-hours technical support in to two data centers: one in Denver, Colorado and another in Austin, Texas.
"Today's challenging economic environment requires constant monitoring of business operations and necessary adjustments," said Art Zeile, Inflow's CEO. "Today's actions will enable Inflow to become the first complex hosting company to reach EBITDA positive status and will ensure our company will be a survivor in the marketplace."

Reads: 1514 | Category: General | Source: TheWHIR : Web Host Industry Reviews
URL source: http://www.thewhir.com/marketwatch/inf050102.cfm
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