SOURCE: The NewsMarket

September 20, 2007 17:22 ET

The NewsMarket Named to Deloitte's Technology Fast 50

1,182% Growth for the Online Video Content Platform Ranks It No.13 in Region

NEW YORK, NY--(Marketwire - September 20, 2007) - The NewsMarket, the online platform for corporations, governments and non-profit organizations to manage, share and exchange their video content, has been named to Deloitte's prestigious Technology Fast 50 2007 list for the New York region.

The NewsMarket's increase in revenues of 1,182 percent from 2002 to 2006 resulted in the company placing 13th highest in the New York region in the Deloitte's Technology Fast 50 Program, which ranks 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 2002-2006.

"The NewsMarket has grown from a two-person operation with an idea and a first client to a multimillion-dollar global operation that continues to be a disruptive force in the media and marketing industries," said Shoba Purushothaman, CEO & Co-Founder of The NewsMarket. Key drivers in The NewsMarket's growth include the online video boom, the need for brands to find innovative ways to reach audiences and that The NewsMarket's operations now span Europe and Asia, in addition to the U.S.

To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2002 and $5,000,000 in 2006, be headquartered in North America, 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. For more information on Deloitte's Technology Fast 50 or Technology Fast 500 programs, visit www.fast500.com.

About The NewsMarket

The NewsMarket is the online platform for corporations, governments and non-profit organizations to manage, share and exchange their video content. We have created the professional video destination at www.thenewsmarket.com connecting these content providers with over 13,000 media outlets, and the blogosphere, in 193 countries. The NewsMarket is headquartered in New York, with additional offices in Beijing, Delhi, London, San Francisco, Munich, Singapore, Hong Kong and Mumbai. The NewsMarket: where video means business.

About Deloitte

Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms and their respective subsidiaries and affiliates. 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. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein.

Deloitte & Touche USA LLP is the US member firm of Deloitte Touche Tohmatsu. In the US, services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP and their subsidiaries), and not by Deloitte & Touche USA LLP.

Contact Information

  • Media Contact
    David Murrow
    Dir. Communications
    The NewsMarket
    Email Contact
    T: 212-414-5661