Bitbucket is excellent for that use case. In fact, github often isn't even an option since even the largest plan is limited to 125 private repos. Bitbucket, meanwhile, has no limits on the number of repos (it's a fee per user instead)
> even the largest plan is limited to 125 private repos
Leaving the conversation about small plans aside, we can set up a plan for you that has as many private repositories as you need. Just email sales@github.com and we can get it set up for you.
As far as I can tell, VS Online also allows "unlimited" projects and repos per project. And TFS's non-SCM features are pretty nice. Plus it's free for the first 5 users.