The Planet Captures Seat on Houston's Fast Tech 50

HOUSTON, Nov. 25, 2008 – The Planet, the global leader in IT hosting, today announced it has been named to the Fast Tech 50, an annual list of the 50 fastest-growing technology companies in Houston. Among the 50 award recipients, The Planet was the single largest revenue producer based on its 2007 gross revenues. Chairman and CEO Douglas J. Erwin was also named Enterprise Champion, recognized for his contributions to the technology industry and to the community at large.

The Fast Tech 50 ranks companies across several industry verticals, including software development/services, e-commerce, hardware, technical consulting, energy-technology products, medical devices and communications. Based on its 69 percent revenue growth between 2006 and 2007, The Planet was ranked No. 29.

           The awards are co-sponsored by the Houston Business Journal and PKF Texas, Houston’s largest locally owned CPA firm.

“Our success is attributable to our people and our customer-driven culture,” said Erwin. “The Planet’s combination of hiring the right people for the right jobs, our tenacity to do what’s best for our customers, and a management team committed to operating a solid business, contributes across the board to our growth.”  

To qualify for the Fast Tech 50, companies must be headquartered in the Houston metropolitan area and have net revenues of more than $200,000 in both 2006 and 2007. At least 51 percent of a company’s consolidated net revenues must be involved in the manufacture, design or development of technology products or delivery of services.

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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