STAMFORD, Conn., Oct. 21 /PRNewswire/ -- M2 Media Group today announced that it ranked number 168 on Technology Fast 500™, Deloitte LLP's ranking of 500 of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Rankings are based on percentage of fiscal year revenue growth during the five year period from 2005–2009. M2 Media Group grew 615 percent during this period.
M2 Media Group's CEO, Michael Borchetta, credits new services, product development and a client-focused organization with the company's 615% revenue growth. He said, "It's exciting for all of us to be honored with this prestigious award for a second year in a row."
"M2 Media Group and the other 2010 Technology Fast 500™ winners forged ahead in a challenging economic environment to realize exceptional growth," said Phil Asmundson, vice chairman and Deloitte's U.S. technology, media and telecommunications leader. "Deloitte commends M2 Media Group for this impressive accomplishment."
"M2 Media Group has proved itself to be one of the fastest growing tech companies in
North America, and we are proud to honor them as one of the 2010 Technology Fast 500™," said Mark Jensen, managing partner, venture capital services, Deloitte & Touche LLP.
M2 Media Group previously ranked number 24 in North America as a Technology Fast 500™ award winner for 2009.
About M2 Media Group
M2 Media Group (m2mediagroup.com) is a leading magazine subscription agency that enables online retailers and reward programs to sell and provide magazine subscriptions to customers through its integrated e-commerce platform. M2 also owns and operates several leading magazine services, including Blue Dolphin, an online magazine retailer, and Mercury Magazines, one of the largest online distributors of business and trade publications.
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.
SOURCE M2 Media Group