During the last months the market of cloud hosting providers is developing mostly in US, in EU the growth rate is very low. However, ElasticHosts have started any eraly bid in the European market. I have done some thorough testng in ElasticHosts during the last 4 months and for sure their level of service was above my expectations.

In more details:

• You have full control over your VM.
• You can easily size your VM's resources in minutes
• Low latency (less that 100ms from Greece)
• Ability to use API in order to manage your VMs.
• Excellent Value
• Great support
• EU data legislation for companies

I would higly recomment ElasticHosts, and in fact we have already started a project that will utilize ElasticHosts cloud services to host a Disaster Recovery site for one of our customers.

 You can find more details about ElasticHosts at http://www.elastichosts.com/