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HOUSTON, Dec. 3, 2008 – The Planet, the global leader in IT hosting, today announced it ranked No. 475 on Deloitte’s 2008 Technology Fast 500, a roster of the 500 fastest-growing technology, media, telecommunications and life sciences companies in North America. Rankings are based on five-year revenue growth from 2003 to 2007. The Planet grew 259 percent during this period.
This is the third consecutive year The Planet has secured a spot on Deloitte’s Technology Fast 500.
“Our success is driven by providing customers with the power to choose from the broadest selection of hosting options in the industry,” said Steve Kahan, vice president of Marketing and Product Management with The Planet. “We offer dedicated servers, advanced services, managed hosting and colocation, backed by our world-class data centers, network and support organization. Our goal is to deliver core IT infrastructure offerings that would otherwise be unaffordable for small- and medium-sized businesses. We appreciate this highly sought recognition from Deloitte. It is an honor to rank among the many prestigious companies on the North America Technology Fast 500.”
“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 The Planet on this significant accomplishment.”
In addition to the Deloitte Technology Fast 500, The Planet placed 41st on the Texas Technology Fast 50, which ranks the 50 fastest-growing technology firms in the state.
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, and current-year operating revenues must be at least $5 million. Companies must be in business a minimum of five years, and they must be headquartered within North America.
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.
About The Planet
The Planet is the leading provider of On Demand IT Infrastructure solutions, hosting more than 25,000 small- and medium-size businesses and 13.3 million Web sites worldwide. The Planet Alpha division provides the widest array of self-managed dedicated servers and advanced services backed by 24x7x365 support. The Planet Northstar Managed Hosting division combines a proactive methodology and seasoned IT experts to deliver a fully managed hosting solution. With the best choice of servers, software tools and world-class support, backed by state-of-the-art facilities and an enterprise-class network, The Planet turns IT into a powerful competitive advantage that enables customers to grow their businesses. For additional information, visit www.theplanet.com.
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