Hot spots: Utah firm finds a rich niche in hospitality industry by providing wired and wireless broadband service to corporate road warriors.
In 1998, Utah’s STSN plunged into the fledgling high-speed Internet market, determined to carve out a niche: the hospitality industry and the business travelers it served.
Today, the Salt Lake City-based startup has emerged as a global leader in providing wired and wireless broadband service to corporate road warriors. The privately held STSN’s fortunes have been electric, crackling from a paltry $51,000 in first-year revenues to a record $92 million for fiscal 2004 – up roughly 50 percent from 2003’s $61 million.
The company, renamed in April to iBAHN http://www.stsn.com/ , moved this week into new corporate headquarters, at 25,000 square feet finally large enough to house operations previously spread over four different buildings in the Salt Lake Valley.
By Bob Mims
The Salt Lake Tribune
Full Story: http://www.sltrib.com/business/ci_2756097
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