M2 Media Group is a 2010 Marcum Tech Top 40 Award Winner
Attributes New Channels to its Outstanding Revenue Growth
Stamford, CT, October 28, 2010 — M2 Media Group has been named as a 2010 Marcum Tech Top 40 winner, a celebration of the 40 fastest growing Software, IT, New Media, Advanced Manufacturing, Energy/Telecom/Green Tech and Life Sciences companies in Connecticut. Selection was based on the percentage revenue growth over the four years of 2006-2009.
M2's CEO Michael Borchetta credits new channels of distribution and great employees with the company's 294 percent revenue growth from 2006-2009. Borchetta said, "It's a great honor to be named to this prestigious award from this great state for a second year running now."
M2 Media Group's increase in revenues of 294 percent from 2006 to 2009 resulted in their inclusion in the New Media category of this year's Tech Top 40, the second year in a row for the company.
To qualify for the Marcum Tech Top 40, companies must have had operating revenues of at least $50,000 in 2006 and $3,000,000 in 2009 and be headquartered in Connecticut. The 2010 awards program is now in its third year, with the list compiled by the Connecticut Technology Council and the accounting firm of Marcum LLP.
About M2 Media Group
M2 Media Group 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.
About the Connecticut Technology Council
The Connecticut Technology Council is a statewide association of technology oriented companies and institutions, providing leadership in areas of policy advocacy, community building and assistance for growing companies. Speaking for over 2,000 companies that employ some 200,000 residents, the Connecticut Technology Council seeks to provide a strong and urgent voice in support of the creation of a culture of innovation. This includes working to position Connecticut as a leader in idea creation, workforce preparation, entrepreneurial aptitude, early stage risk capital availability and providing on-going support and mentoring to high potential firms. For more information, visit www.ct.org.
About Marcum LLP
Marcum LLP is one of the largest independent public accounting and advisory services firms in the nation. Ranked 15th among the "Top 25 Firms" by Inside Public Accounting, Marcum offers the resources of more than 950 professionals, including more than 120 partners, in 15 offices throughout New York, New Jersey, Massachusetts, Connecticut, Pennsylvania, Florida and Grand Cayman. The Firm's presence runs deep with full service offices strategically located in major business markets. Marcum offers an extensive range of professional services and a high degree of specialization. In addition to traditional accounting, assurance and tax, including domestic and international tax planning and preparation, the Firm's professional services include mergers and acquisition planning, family office services, forensic accounting and litigation support. For more information, visit www.marcumllp.com.