Slicethepie continues to revolutionise the music industry with its innovative business model

Reading, UK – 3 December 2008: DediPower, one of the UK's fastest growing managed hosting providers, is supporting the launch of a new version of Slicethepie, the leading online financing platform for the music industry that enables recording artists to raise money directly from fans and investors. Slicethepie has exclusively used DediPower’s Managed Hosting Services since its launch in June 2007.

Slicethepie introduces a many-to-many financial model into an industry that currently operates on a few-to-many basis. It offers a compelling business model that harnesses the Wisdom of Crowds* to monetise the ‘long tail’ of the music industry. Since its launch in June 2007, over 2 million music reviews have been submitted on Slicethepie and over 20 artists have been financed. Over 30 artists are currently raising finance on the new site.

“Being an exclusively online business means we are very reliant on the quality of our managed hosting provider. When we launched Slicethepie we selected DediPower based on its track record and strong industry recommendation. DediPower has proven to be an excellent partner, who is very responsive to any issues that arise supported by a significant depth of technical and commercial skills. We would strongly recommend DediPower,” said Steve Cox, Operations Manager, Slicethepie.

DediPower is focused on the eBusiness market with its Managed Hosting solutions enabling businesses to focus on their core competencies to deliver their business goals. The DediPower business server solutions provide custom built high-specification dedicated servers combined with a world-class hosting infrastructure that has been designed to ensure the highest levels of network uptime, availability, flexibility and security.

“We are very proud of the relationship we have established with Slicethepie, who represent another highly innovative company that has chosen to launch and operate their business model on DediPower’s managed hosting services. DediPower has established an excellent reputation not only amongst large scale internet users but also small to medium sized organisations as the managed hosting provider of choice,” said Craig Martin, CEO, DediPower.

About DediPower Managed Hosting
DediPower, one of the UK’s fastest growing managed hosting providers delivers a range of managed hosting solutions including: dedicated servers, application and exchange hosting, high availability multi-server clusters and co-location. DediPower is a Microsoft Gold Certified partner and a RedHat Ready Hosting partner. A winner of numerous awards, hosted sites include Sony, Sam Learning, Institute of Physics, Coca-Cola, Capita, First Great Western and Carphone Warehouse. Established in 1998 and self funded, DediPower runs its own purpose built data centres totalling over 22,000 sq ft situated in Reading, UK. For more information call 0870 252 3600, email info@dedipower.com or visit our website – http://www.dedipower.com

* About Wisdom of Crowds
Research and experiments into the Wisdom of Crowds has been carried out for over 100 years and this was succinctly summarised in James Surowiecki’s book of the same name . Time and time again he demonstrates through historic scientific research, observation and logic that, given the right conditions, the simplest way to get reliably good answers is just to ask the crowd each time. Chasing the expert is a mistake – we should stop hunting and simply ask the crowd because chances are, it knows.

Published on: 12:00AM on 3rd December 2008