Manning Fulton Congratulates Client, Rich Lee of Hosted Solutions, Recipient of Ernst & Young Entrepreneur of the Year 2009 Award

June 24, 2009

Raleigh, NC, June 24, 2009 – Manning Fulton & Skinner, P.A. congratulates Rich Lee, Founder & CEO of Hosted Solutions, named Ernst & Young Entrepreneur of the Year 2009 in North Carolina and South Carolina in the area of Technology and Communications.  The award recognizes Lee's significant accomplishments in resurrecting a bankrupt data center back in 2001 and transforming it into the East Coast’s premier provider of IT infrastructure as a service (IaaS) with five data centers along the East Coast, serving more than 800 customers.

This award comes on the heels of a record-breaking year for the thriving company.  Represented by Manning Fulton, Hosted Solutions was acquired by ABRY Partners in 2008 for $144 million and has since continued to grow the business substantially, adding multiple news customers and expanding its data centers in Raleigh and Boston by investing $20 million in the last year in facility enhancements. The company also introduced its new cloud offering, Stratus Trusted Cloudtm, a robust, enterprise-class cloud solution that dramatically improves the efficiency and availability of IT resources and applications for small- and mid-sized enterprises.

Click here to view Hosted Solutions' press release.

About Hosted Solutions, LLC

Hosted Solutions' high quality Data Center and Managed Hosting services maintain and protect customers' mission-critical IT systems and applications, enabling them to reduce operating costs, lower the risk of downtime, focus on core competencies, and achieve their top business objectives. The company operates SAS 70 Type II Certified facilities in Boston MA, Charlotte NC, Raleigh NC, and Cary NC, providing best-of-breed data center operations with hardened physical infrastructure, the highest level of security, and a complete managed services portfolio. Hosted Solutions was acquired by Boston-based private equity firm ABRY Partners in April 2008 for $144 million.

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About Manning Fulton & Skinner, P.A.

The law firm of Manning Fulton partners with clients to structure their businesses, defend their interests and protect their wealth.  Formed in 1954, the firm remains committed to the principle defined by our founders – providing value to clients.  Firm clients include the largest privately-held company in North Carolina, as well as public and private real estate companies, REITs, technology-based companies, franchisors, banks and other lending institutions, insurance underwriters and manufacturers. The firm is recognized by Chambers USA as one of North Carolina’s Leading Law Firms and has numerous lawyers listed in the Best Lawyers in America©, North Carolina Super Lawyers, and in Business North Carolina’s Legal Elite.

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