SOURCE: Juma Technology Corp.

November 17, 2008 13:36 ET

Juma Technology Ranked 104th Fastest Growing Company in North America on Deloitte's 2008 Technology Fast 500

Juma Claims a Top Spot for New York State

FARMINGDALE, NY--(Marketwire - November 17, 2008) - Juma Technology Corp. (OTCBB: JUMT), a leading IP convergence firm specializing in managed services, today announced that it has ranked number 104 on Deloitte's 2008 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 2003-2007. Juma grew nearly 2,005% during this period.

Juma ranked fourth amongst New York state companies that made the North American list, and is the highest ranking Long Island-based company.

Juma's Chief Executive Officer, Anthony M. Servidio, credits the company's focus, execution, leadership and tenacious work ethic with the 2,004.85% revenue growth.

"To achieve such substantial revenue growth over a five year period truly speaks to the quality of our services and the ability of our team to execute and deliver for our clients," said Servidio.

"Deloitte's Technology Fast 500 recognizes companies who have achieved extraordinary growth in North America's most innovative and competitive market sectors," said Phil Asmundson, Deloitte LLP vice chairman and national managing partner for Technology, Media and Telecommunications. "We congratulate Juma Technology on this significant accomplishment."

Juma Technology previously ranked 62nd on the 2007 Deloitte Technology Fast 500.

In addition to ranking on Deloitte's Technology Fast 500, Juma ranked number 19 on the New York, New Jersey and Connecticut Technology Fast 50, which is a ranking of the 50 fastest growing technology firms in the tri-state region.

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 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 2003 to 2007.

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 (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 and management services provider, is a wholly owned subsidiary of Juma and represents the company's services division. The Nectar suite of services delivers real business solutions to help companies mitigate risk, centralize systems management and dramatically reduce telecom expenses.

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 Information

  • Contact:
    Melissa Nacerino
    Juma Technology Corp.
    646.291.8264
    Email Contact