Juma Named to Deloitte's Technology Fast 50 Program for Second Consecutive Year
Market Wire, October, 2008
Juma Technology Corp. (OTCBB: JUMT), a leading IP Convergence firm specializing in managed services, has been named to Deloitte's prestigious Technology Fast 50 Program for New York, New Jersey, and Connecticut, a ranking of the 50 fastest growing technology, media, telecommunications, and life sciences companies in the area by Deloitte & Touche USA LLP, one of the nation's leading professional services organizations. Rankings are based on the percentage revenue growth over five years from 2003-2007.
Juma's Chairman and Chief Executive Officer Anthony M. Servidio, credits the company's sustained high-revenue growth to an insightful market strategy, flawless execution and a superior team of people.
"This recognition is a testament to the management and direction of our company, and the tremendous market demand for our proprietary service offerings," said Servidio.
"Last year's debut was certainly a great milestone for us, but this year's ranking proves that our company has staying power, and we're continuing to grow at warp speed," concluded Servidio.
Juma's increase in revenues of 2,005% from 2003 to 2007 resulted in a number 19 ranking in the Technology Fast 50 for New York, New Jersey and Connecticut.
"To rank on Deloitte's Technology Fast 50, companies must have phenomenal revenue growth over five years," said Kevin Buckley, Technology Fast 50 Program Director, Deloitte Services LP. "Juma Technology has proven to be one of the fast-growth success stories in New York, New Jersey, and Connecticut and we applaud their dedication to making their vision a reality."
About the Technology Fast50 Program
To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2003 and $5,000,000 in 2007, be headquartered in New York, New Jersey, or Connecticut, and be a company that owns proprietary technology or proprietary intellectual property that contributes to a significant portion of the company's operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify.
Companies from the regional Technology Fast 50 programs in the United States and Canada are automatically entered in Deloitte's Technology Fast 500 program, which ranks North America's top 500 fastest growing technology, media, telecommunications and life sciences companies. For more information on Deloitte's Technology Fast 50 or Technology Fast 500 programs, visit www.fast500.com .
About Juma Technology ( www.jumacorp.com )
Juma Technology Corp. provides advanced IP Convergence solutions that integrate voice, data and video applications. Juma's IP Convergence solutions enable companies to increase productivity, enhance mobility and create significant cost savings, particularly for multi-location businesses. Juma has been recognized as an industry leader in providing integrated business communications and services, helping customers leverage network convergence to achieve their business goals. Nectar Services Corp., an IP communications solutions provider, is a wholly owned subsidiary of Juma and represents the company's managed services division.
About Deloitte
As used in this document, "Deloitte" means Deloitte LLP. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.
CONTACT: Juma Technology Melissa Nacerino 646-291-8264 Email Contact
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