DALLAS,TX--(Marketwire - May 28, 2010) - NewMarket Technology, Inc. (
NewMarket recently released its audited financial results for 2009 reporting revenue growth to $98.1 million in revenue with $1.5 million in net income. Management anticipates achieving $150 million in profitable revenue in 2010. NewMarket provides systems integration services, to include technology reseller, customization, integration, outsourcing and support services, in North American, China, Southeast Asia, and Latin America, and is actively expanding its business services into the growing markets of East Africa.
The 16th annual ranking VAR500 list details the leading producers among technology integrators and technology solution provider organizations in North America based on gross worldwide revenue of hardware and software sales, as well as earnings from professional and managed IT services. This year's list reflects the strength of the technology reseller channel as the ranking includes 182 new companies with four percent of the new entrants landing in the Top 100.
"NewMarket reported record revenue in 2009," stated NewMarket CEO Bruce Noller. "Our focus on the rapidly growing global emerging economies and our diverse technology offerings and services supported our continued growth in an otherwise stressed economy. We are pleased to see we have moved up another few notches in the VAR500 over our previous years' rankings."
"The VAR 500 is the who's who of the solution provider community. Microsoft, HP, Cisco, Symantec among others are highly reliant on the VAR 500 to sell their products to businesses and collectively this audience generated more than $500B in sales in 2009. Even more importantly they solve customers' biggest IT business problems through product integration, training, consulting and services. In companies large and small, the VAR 500 are considered integration experts, trusted business advisors and invaluable partners. We are honored to compile this list and represent this audience," said Kelley Damore, VP, Editorial Director, Everything Channel.
The complete listing of the VAR500 is published in print and online at CRN.com on May 24, 2010.
NewMarket Technology, Inc. (www.newmarkettechnology.com)
NewMarket provides systems integration, technology infrastructure services and emerging technology worldwide. NewMarket has a focus on providing technology and support services to rapidly growing economies where technology purchasing is on the rise. In addition to its base of operations in North America, NewMarket has operations today in the growing economies of China, Southeast Asia, Brazil and Northern Latin America. Overall, NewMarket reported over $95 million in revenue for 2008 and reported over $98 million in profitable revenue for 2009.
Across the globe, NewMarket is a Microsoft and Oracle partner, distributes various computer hardware and peripherals from brand partners such as Dell, HP, IBM, Cisco, Sony, Epson, Canon and Sanyo and is also an authorized reseller of operating systems and various software from companies such as Red Hat, Sybase, IBM, BEA, Veritas and others. Additionally, the Company works with emerging technologies such as mobile computing, various security and wireless broadband technologies. NewMarket's rapid growth since 2002 placed the Company on the Deloitte Technology Fast 500 for 5 consecutive years. NewMarket was recognized as the third fastest growing technology company in the United States in 2006 and the number one fastest growing technology company in North Texas for two years in a row.
Everything Channel
Everything Channel is the premier provider of IT channel-focused events, media, research, consulting, and sales and marketing services. With over 30 years of experience and engagement, Everything Channel has the unmatched channel expertise to execute integrated solutions for technology executives managing partner recruitment, enablement and go-to-market strategy in order to accelerate technology sales. Everything Channel is a UBM company. To learn more about Everything Channel, visit us at http://www.everythingchannel.com.
About United Business Media Limited (www.unitedbusinessmedia.com)
UBM (UBM.L) focuses on two principal activities: worldwide information distribution, targeting and monitoring; and, the development and monetization of B2B communities and markets. UBM's businesses inform markets and serve professional commercial communities -- from doctors to game developers, from journalists to jewelry traders, from farmers to pharmacists -- with integrated events, online, print and business information products. Our 6,500 staff in more than 30 countries are organized into specialist teams that serve these communities, bringing buyers and sellers together, helping them to do business and their markets to work effectively and efficiently.
Contact Information:
Contacts
Jill Aaronson
Everything Channel
jillian.aaronson@ec.ubm.com
516 562 7847
Investor Relations
NewMarket Technology, Inc.
ir@newmarkettechnology.com
214-722-3065