Hosted Solutions Founder and CEO Rich Lee Named Ernst and Young Entrepreneur of the Year® 2009 Award Winner in the Carolinas

Hosted Solutions Founder & CEO Rich Lee Named Ernst & Young Entrepreneur of the Year® 2009 Award Winner in the Carolinas

Raleigh, NC, June 22, 2009 – Hosted Solutions, the East Coast’s premier provider of IT infrastructure as a service (IaaS), announced today that founder & Chief Executive Officer Rich Lee was named “Entrepreneur of the Year” as part of the Ernst & Young Entrepreneur of the Year® 2009 awards program in the Carolinas.

According to Ernst & Young LLP, the awards program recognizes entrepreneurs who demonstrate extraordinary success in the areas of innovation, financial performance and personal commitment to their businesses and communities. Lee was selected as a winner from nearly 75 nominations that were reviewed by a panel of independent judges. The award recognizes Lee’s significant accomplishments in resurrecting a bankrupt data center back in 2001 and transforming it into an industry leader with five data centers along the East Coast, serving more than 800 customers.

“I’m honored to be recognized with this award,” said Rich Lee. “I take tremendous pride in what we’ve built at Hosted Solutions over the last eight years. I’m surrounded by an incredible team of very talented individuals that have made this possible for me. Customers come to Hosted Solutions because of our great people. We deliver some of the most innovative solutions in the market because of our people. I’m humbled to be part of such a strong organization.”

This award comes on the heels of a record-breaking year for Hosted Solutions. The company 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 Cloud™, a robust, enterprise-class cloud solution that dramatically improves the efficiency and availability of IT resources and applications for small- and mid-sized enterprises.

The Ernst & Young Entrepreneur of the Year awards program celebrates its 23rd anniversary this year. The program has expanded to recognize business leaders in over 135 cities in 50 countries throughout the world. Lee is now eligible for consideration for the Ernst & Young LLP Entrepreneur of the Year national program. Award winners in several national categories, as well as the overall national Ernst & Young Entrepreneur of the Year award winner, will be announced at the annual awards gala in Palm Springs, California on November 14, 2009. The awards are the culminating event of the Ernst & Young Strategic Growth Forum, the nation’s most prestigious gathering of high-growth, market-leading companies.

About Ernst & Young’s Entrepreneur Of The Year® Awards Program
Ernst & Young’s Entrepreneur of the Year® Award is the world’s most prestigious business award for entrepreneurs. The award makes a difference through the way it encourages entrepreneurial activity among those with potential and recognizes the contribution of people who inspire others with their vision, leadership and achievement. As the first and only truly global award of its kind, the Ernst & Young Entrepreneur of the Year® award celebrates those who are building and leading successful, growing and dynamic businesses, recognizing them through regional, national and global awards programs in more than 135 cities in 50 countries.
About Hosted Solutions
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. For more information, please visit www.hostedsolutions.com.
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