High demand, low supply keep company racing

By Michael Persson
Contributing Writer
In mid-2009, Ron Sacks and his business partner had seen enough to know that even in the midst of a flat-line economy there were signs of hope for their prospective business – a managed-services provider with data centers in Providence. More

To continue reading this article, please do one of the following.



FASTEST-GROWING & INNOVATIVE COMPANIES

High demand, low supply keep company racing

By Michael Persson
Contributing Writer
Posted 9/16/13

In mid-2009, Ron Sacks and his business partner had seen enough to know that even in the midst of a flat-line economy there were signs of hope for their prospective business – a managed-services provider with data centers in Providence.

“We saw demand for data-service centers far outweighing supply,” recalled Sacks. “At the same time, some of the key technology cloud services such as big-data analytics were driving even more demand to a limited supply.” In July 2009, Provdotnet LLC was born.

Finding themselves alone in the marketplace wasn’t exactly the pinch-me-I-must-be-dreaming-state they thought it would be. Growing at breakneck speed can be scary.

“Out of the gate, because of pent-up demand, we started with positive cash flow, which meant we could build out our facilities and services,” said Sacks.

Provdotnet never got the chance to crawl before it had to run. “As soon as we launched, customers were ready for us to manage their data,” said Sacks. “Our facilities weren’t ready. To create the kind of environment of an HVAC cooling system, we sealed all the windows, ran to Lowes and bought three 2500-BTU air conditioner window units, dropped to our knees and prayed we’d get through the summer.”

From makeshift to state of the art, Provdotnet now has its Tier 3 computer-data center and has seen its revenue double year over year. “This year, 2013, we will have between $1 million and $1.5 million in revenue, and next year we expect revenue to be between $2 million to $3 million,” said Sacks. •

Calendar
PBN Hosted
Events

Applications are now being accepted for the 14th Annual Business Excellence Awards Program. Deadline to apply is October 1st. And save the date for the Awards Dinner - November 12th at the Providence Marriott.
Advertisement
Purchase Data
Book of Lists
Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  •  
  • Purchase an e-File of the entire Book of Lists database
  •  
  • Purchase a printed copy of the Book of Lists
  •  
    National
    Local
    Latest News
    Advertisement