Juma Technology Ranked 62nd Fastest Growing Company in North America on Deloitte's 2007 Technology Fast 500
FOR IMMEDIATE REELASE : October 23, 2007
Farmingdale, NY, October 23, 2007 - Juma Technology (OTC: JUMT), a leading IP Convergence and systems integration company, today announced that it has ranked Number 62 on Deloitte's 2007 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America.
Rankings are based on percentage of fiscal year revenue growth over five years, from 2002-2006. Juma Technology grew 2,782% during this period.
Company executives attributed the growth to technology leadership, corporate strategy and a strong customer focus.
"The Deloitte Fast 500 distinction is a testament to Juma's foresight and strategic execution of our business plan," said President and CEO David Giangano.
"We set out to build a different type of communications company; one that takes a truly consultative approach. We listen to our customers and understand their needs. We provide a roadmap for companies to revolutionize business communications, heighten efficiencies, and save money," continued Giangano.
"Juma is extremely proud of our exceptional team and the tenacious efforts that continue to drive our company's success," concluded Giangano.
"Sustaining high revenue growth over five years is an exceptional accomplishment," said Phil Asmundson, vice chairman, U.S. Technology, Media and Telecommunications, Deloitte & Touche USA LLP. "We are proud to honor Juma Technology with a ranking on the Deloitte Technology Fast 500 list."
In addition to ranking on Deloitte's Technology Fast 500, Juma ranked Number 6 on the New York Technology Fast 50, which is a ranking of the 50 fastest technology firms in New York.
Fast 500 Selection and Qualifying Criteria
The Fast 500 ranks the fastest growing technology, media, telecommunications and life sciences companies in North America. It is compiled from Deloitte's 16 regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. Companies are selected based on percentage revenue growth from 2002 to 2006.
Entrants must own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company's operating revenues or devote a significant proportion of revenues to research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify. Base-year operating revenues must be at least $50,000 USD or $75,000 CD, and current-year operating revenues must be at least $5 million USD or CD. Companies must be in business a minimum of five years, and they must be headquartered within North America.
About Juma Technology, Corp.
Juma (www.jumatechnology.com) 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 individual business goals.
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms, and their respective subsidiaries and affiliates. Deloitte Touche Tohmatsu is an organization of member firms around the world devoted to excellence in providing professional services and advice, focused on client service through a global strategy executed locally in nearly 140 countries. With access to the deep intellectual capital of approximately 150,000 people worldwide, Deloitte delivers services in four professional areas-audit, tax, consulting, and financial advisory services-and serves more than 80 percent of the world's largest companies, as well as large national enterprises, public institutions, locally important clients, and successful, fast-growing global companies. Services are not provided by the Deloitte Touche Tohmatsu Verein, and, for regulatory and other reasons, certain member firms do not provide services in all four professional areas.
As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other's acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names "Deloitte," "Deloitte & Touche," "Deloitte Touche Tohmatsu," or other related names.
About Juma
Juma Technology is a highly skilled telecommunications and IT systems integrator specializing in converged voice and data network deployments. Juma's practice areas span both voice and data communications technologies, which enables customers to benefit from an expertise across a broad spectrum of business-critical requirements. Juma is a leader in providing integrated business communications and services, helping customers leverage network convergence to achieve business goals.
