| Business Summary | | Digex,
Incorporated
is
a
provider
of
managed
Web
hosting
services
to
businesses
operating
mission-critical,
multi-functional
Websites.
The
Company
also
offers
related
value-added
services,
such
as
firewall
management,
stress
testing
and
consulting
services,
including
capacity
and
migration
planning
and
database
optimization.
The
Company's
customers
use
its
services
to
rapidly
and
cost-effectively
deploy
secure
and
reliable
business
solutions,
including
online
banking,
online
procurement
and
electronic
retailing.
The
Company's
services
include
Managed
Hosting
Services,
Enterprise
Services,
Application
Hosting
Services
and
Consulting
Services.
On
September
1,
2000,
Intermedia
Communications,
Inc.,
the
parent
company
of
Digex,
entered
into
a
merger
agreement
with
WorldCom,
Inc.
Upon
consummation
of
the
merger,
a
subsidiary
of
WorldCom
will
be
merged
with
and
into
Intermedia,
and
Intermedia
will
become
a
subsidiary
of
WorldCom. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | DIGX
is
a
provider
of
Web
site
and
application
hosting
services
to
businesses
and
organizations
operating
mission
critical,
multi-functional
Web
sites
and
Web-based
applications.
For
the
six
months
ended
6/30/01,
revenues
rose
61%
to
$106.8
million.
Net
loss
before
accounting
change
rose
52%
to
$91.5
million.
Results
reflect
an
increase
in
the
number
of
servers
per
customer,
offset
by
costs
associated
with
an
increased
employee
base. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| David Ruberg, 54 Chairman | -- | Mark Shull, 44 Director,
Pres and CEO | $125K | Timothy Adams, 40 CFO | -- | Nancy Faigen, 42 Pres,
Sales and Service Delivery Group | 575K | Rebecca Ward, 36 Pres,
Product Management, Engineering and Marketing Group | 157K | Dollar
amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|