McLean, VA, June 24, 2015— GTT Communications, Inc. (NYSE: GTT), the leading global cloud networking provider to multinational clients, announced today that it received a StevieÒ Award for the Fastest Growing Company of the Year in the 2015 American Business Awards.
“We are honored to be recognized as one of the Fastest Growing Companies of the Year by the American Business Awards,” said Rick Calder, GTT President and CEO. “Our strong growth is due to the successful execution of our strategy to expand cloud networking services to multinational clients, to extend secure network connectivity to any location in the world and with any application in the cloud, and to deliver outstanding client experience by living our core values of simplicity, speed and agility.”
The American Business Awards is the premier business awards program in the United States. The judges selected this year’s winners from a record pool of more than 3,300 nominations submitted by organizations of all sizes across virtually every industry. More than 200 executives worldwide participated in the judging process.
“In 2014, GTT reported revenue of $207.3 million, reflecting a compound annual growth rate (CAGR) of 26% since 2010,” said Mike Sicoli, GTT’s Chief Financial Officer. “For the last quarter ended March 31, 2015, GTT’s annualized revenue run rate grew to $250 million. The company closed the MegaPath Managed Services acquisition on April 1st, adding another $124 million in recurring revenue and bringing us materially closer to our next financial objective – $400 million in revenue and $100 million in adjusted EBITDA.”
GTT’s global Tier1 IP network connects to any location in the world and with any application in the cloud. Our cloud networking services provide a better way for multinational clients to reach the cloud. Clients trust us to deliver secure solutions with simplicity, speed and agility.
For more information, visit www.gtt.net.
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