Globix Named to New York ‘Fast 50’ by Deloitte & Touche
NEW YORK – October 10, 2001
NEW YORK – October 10, 2001 — Globix Corporation (NASDAQ: GBIX) has been named for the third consecutive year to Deloitte & Touche’s prestigious “Fast 50” Program, a ranking of the 50 fastest growing technology companies in New York, Westchester and Rockland counties. Globix improved to No. 28 in the ranking, up from No. 41 last year and No. 43 the year before.Rankings are based on five-year percentage revenue growth (1996 – 2000). Winning companies, which impact a broad spectrum of industries, are defying conventional wisdom by consistently expanding their revenues over a substantial period of time.
Globix CEO, Peter L. Herzig, credits the company’s sustained growth to its focus on customer service, innovation and breadth of services. Globix state-of-the-art data centers, high-speed global backbone network, and advanced application services are engineered together to provide businesses with superior performance and cost-efficiency. “When it comes to secure, integrated IT infrastructure solutions such as managed hosting, high-speed connectivity, advanced streaming media, CDN applications and messaging services, Globix is uniquely equipped to provide customers with fully scalable and one-stop solutions,” Mr. Herzig said.
“Through the Fast 50 program, Deloitte & Touche has been honoring the growth of New York’s technology industry for three years,” said Noel Spiegel, managing partner, Deloitte & Touche Technology and Communications Group. “As competition remains tough, Globix has proven the ability to sustain its business, and we are happy to support their efforts by recognizing their achievements and continued growth.”
The increase in Globix revenues of 684 percent over the five-year period of 1996 to 2000 resulted in a No. 28 ranking overall in the Fast 50 for the New York region. The average increase in revenues among companies who made the Fast 50 for this region was 2534 percent.
To qualify for the Fast 50, companies must have had operating revenues of at least $50,000 in 1996 and $1 million in 2000, must be a public or private technology company headquartered in New York City, Westchester and Rockland counties. The Fast 50 defines a “technology company” as a business that produces technology, manufactures a technology product or devotes a high percentage of effort to research and development of technology.
Winners of the 22 regional Fast 50 programs in the United States and Canada are automatically entered in the Deloitte & Touche Technology Fast 500 program, which ranks the nation’s top 500 fastest growing technology companies. For more information on the Deloitte & Touche Fast 50 or Fast 500 programs, visit www.fast500.com.
Deloitte & ToucheDeloitte & Touche LLP, one of the nation’s leading professional services firms, provides assurance and advisory, tax, and management consulting services through nearly 30,000 people in more than 100 U.S. cities. The firm is dedicated to helping its clients and its people excel. Known as an employer of choice for its innovative human resources programs, Deloitte & Touche has been recognized as one of the “100 Best Companies to Work For in America” by Fortune magazine for four consecutive years. Deloitte & Touche is the US national practice of Deloitte Touche Tohmatsu. Deloitte Touche Tohmatsu is a Swiss Verein, and each of its national practices is a separate and independent legal entity. For more information, please visit Deloitte & Touche’s web site at wwww.us.deloitte.com.
Globix is a leading provider of advanced Internet hosting, network and applications solutions for business. Globix delivers services via its secure state-of-the-art Internet DATA Centers, its high-performance global backbone and content delivery network, and its world-class technical professionals. Globix provides businesses with cutting-edge Internet resources and the ability to deploy, manage and scale mission-critical Internet operations for optimum performance and cost efficiency.