NEW YORK, Sept. 25, 2003 (PRIMEZONE) -- Globix Corporation has been named to Deloitte & Touche's prestigious Technology Fast 50 Program for New York, a list of the 50 fastest growing technology companies in the area by Deloitte & Touche LLP, one of the nation's leading professional services firms.
Globix is a leading provider of managed Internet applications and infrastructure services to enterprises. Globix has combined a unique suite of managed applications, end-to-end streaming media, hosting and co-location services with its state-of-the-art data centers and global Tier one Internet backbone to become a one-stop-shop for enterprises wishing to optimize their IT infrastructure and operations.
"To succeed during prosperous times is one thing; to succeed in adversity is much more challenging, and that's exactly what the Deloitte & Touche Technology Fast 50 winners have done," said Larry Wizel, Partner in the Technology, Media, and Telecommunications practice of Deloitte & Touche and Chair of the New York Technology Fast 50. "We applaud Globix for its tremendous accomplishments during economically challenging times and for being one of the elite Fast 50 companies in New York."
"We are honored to be recognized by Deloitte & Touche for our strong performance," said Peter Stevenson, Globix's CEO. "Since 1996, Globix has been playing a critical role in managing the Internet applications and infrastructure that New York businesses depend on. It's why we've become a trusted partner of companies like The New York Post and The FeedRoom.com. And our ability to deliver was never more evident than in last month's power outage where we maintained power connectivity for customers in our New York data center."
Deloitte & Touche will announce the rankings at an awards dinner for the winners on Thursday, September 25, 2003, at the Ritz-Carlton New York, Battery Park. Rankings are based on the percentage of growth in fiscal year revenues over five years, from 1998-2002.
To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 1998 and $1,000,000 in 2002, must be public or private companies headquartered in North America, and be a "technology company" defined as owning proprietary technology that contributes to a significant portion of the company's operating revenues (using other companies' technology in a unique way does not qualify); and/or devoting a significant proportion of revenues to research and development of technology.
Winners of the 20 regional Technology Fast 50 programs in the United States and Canada are automatically entered in the Deloitte & Touche Technology Fast 500 program, which ranks North America's top 500 fastest-growing technology companies. For more information on the Deloitte & Touche Fast 50 or Fast 500 programs, visit www.fast500.com.
This year's New York Technology Fast 50 is supported by Platinum Sponsors: Bank of New York, Geller & Company, Marsh Financial Services, Nasdaq, and Proskauer Rose; Gold Sponsors: the Journal News; and Silver Sponsors: Polytechnic University the NYU Center for Advanced Technology.
About Globix:
Globix (http://www.globix.com) is a leading provider of world-class management of Internet applications, Streaming Media solutions and infrastructure for enterprises seeking performance advantages and cost efficiencies through strategic outsourcing of their IT and IP environments. Globix operates its own international fiber-optic backbone network connecting major cities in the United States and Europe and carrier-grade data centers in the US and UK. Globix serves a variety of customers in industries such as financial services, media, publishing, retail, health care and technology, including the New York Post, The Feedroom, and Bookers.com.
About Deloitte & Touche Technology, Media & Telecommunications (TMT) Group
The TMT Group is composed of service professionals who have a wealth of experience serving technology, media and telecommunications companies throughout the world in areas including cable, communications providers, computers and peripherals, entertainment, media and publishing, networking, semiconductors, software, wireless, and related industries. These specialists understand the challenges that these companies face throughout all stages of their business growth cycle and are committed to helping them succeed. Deloitte & Touche is a leader in providing strategic, financial and operational assistance to its technology, media and telecommunications clients.
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