Bhasker

SALT LAKE CITY — FatPipe Networks has been named to Deloitte & Touche LLP's 2006 Technology Fast 500. In addition, the company was recognized as one of Utah's fastest growing companies for the fourth consecutive year.

The Technology Fast 500 is a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America. Rankings are based on percentage revenue growth over five years, from 2001 to 2005. FatPipe's revenue grew 320 percent during this period.

FatPipe Network's chief executive officer Ragula Bhaskar credits the growth in revenue to steady demand for the company's router clustering and other Internet/WAN optimization devices and solid relationships with customers.

"This was FatPipe's first year of eligibility for Deloitte's Technology Fast 500, and we were excited to see where we stood in terms of percentage of revenue growth among today's top technology companies in North America," he said. "This is a tremendous achievement for FatPipe. I am thankful to our customers, our brilliant engineering staff lead by Sanch Datta, and our extremely capable sales and support staff that help grow FatPipe every year."

"Given the increased competition and tightening of discretionary spending, it's more impressive than ever for companies to be among the fastest growing in North America," said Tony Kern, deputy managing principal of Deloitte's technology, media and telecommunications industry practice. "We acknowledge FatPipe Networks for its fast-paced growth."

The Salt Lake City-based FatPipe was ranked 64th this year out of the fastest growing companies in Utah. Three of the last four years FatPipe ranked within the top 25 fastest growing companies in the state.

SILVER SPRING, Md. — Freewebs.com, a free do-it-yourself web publishing service, today announced its was awarded the 2006 Workforce and Economic Development Small Business award presented by Montgomery County's Department of Economic Development.

The award is presented annually to companies that make a significant contribution to economic growth in Montgomery County, Md., and have played an integral role in creating jobs, promoting from within their organization, establishing training programs, or have successfully achieved financial goals. Recipients of the award must have less than 50 employees or less than $10 million in revenue.

"It is such an honor to be recognized by the local community where I grew up," said Freewebs' founder and chief executive officer Haroon Mokhtarzada. "Montgomery County offers an ideal location for our growing company to do business and we are committed to building a world-class Internet company here. Silver Spring is Freewebs' home, and it goes without saying that it is very rewarding to drive past my old high school as I commute to and from work everyday."

Founded in 2001 while Haroon Mokhtarzada and his two brothers were students at the University of Maryland, Freewebs has grown to more than 12 million users around the globe. It allows anyone with an Internet connection to create a high-quality website that includes blogs, profile pages, photo sharing, video sharing, elements of social networking and more, according to the company. With a current staff of 34 full-time employees, the company is experiencing a period of growth and recently built-out its executive team by attracting executives from leading local companies such as AOL and Nextel Communications.

The company has received funding from Novak Biddle Venture Partners and Columbia Capital.

MIAMI — H7 Security Systems, a wholly owned subsidiary of Global General Technologies, has appointed Bobby Rekhi executive vice president of its South East Asia operations.

Rekhi will be responsible for the sales and marketing for South East Asia.

Stephen Miller, president of H7 Security Systems, commented that the opportunities in this region of the world combined with H7's strategic business operations should provide the company with increased business opportunities.

In additional to his on current going efforts, Rekhi will focus additional sales efforts within the military and finalize relationships for manufacturing and software development.

Prior to his appointment, Rekhi served on the board of advisors for H7. He was instrumental in bringing in H7's initial orders from India, the company said. Rekhi said "he has positioned H7 for a strong push into the military market and expects that H7 will be the dominant force in Intelligent Security within India."

Rekhi, has more than 25 years of experience in systems engineering, marketing/sales, technology/business development, and manufacturing.

Rekhi has served as a CEO of Mars Communications and chairman of Audio Highway. He has a master's degree from Christ Church College and has attended the Stanford University Graduate School of Engineering.

The Miami-based Global General Technologies Inc. trades on the OTC Bulletin Board under the symbol GLGT. Through its wholly-owned subsidiary H7 Security Systems, the company designs, implements and maintains homeland and international security systems with a primary focus on perimeter protection for high value facilities.

IRVINE, Calif. — New Century Financial Corp., a real estate investment trust and mortgage finance companies, today announced that it has hired Taj S. Bindra as executive vice president and chief financial officer.

Bindra will be a member of the company's executive management committee and report to Brad A. Morrice, the company's president and chief executive officer.

Bindra will be responsible for the general supervision, direction and control of all financial aspects of the business, being principally responsible for setting the strategic directions of the company's financial initiatives, accounting and controls, formulating financial policy and plans, risk management and leading strategic initiatives and acquisitions.

Bindra will also partner with the rest of the executive management committee to oversee the company's operations.

Bindra has more than 18 years of experience at the senior management level in the financial services industry.

He was most recently executive vice president of mortgage banking, capital markets and servicing operations at Washington Mutual Inc., where he was responsible for managing and leading the financial management, risk management and portfolio management functions, capital markets activities and mortgage servicing operations.

He also served as chief financial officer and executive vice president of J.P. Morgan Chase & Co.'s home finance division.

"We are extremely pleased to have an executive of Taj's extraordinary professional caliber and character joining New Century as our new chief financial officer," said Morrice. "His vast experience in the mortgage industry, coupled with his understanding of the capital markets and risk management are extremely important in today's environment."

"This is a time of both challenges and tremendous opportunities in the mortgage industry," said Bindra. "I believe New Century with its strategic vision has positioned itself well to take advantage of the current market environment given its strong production franchise and a focus on providing products that fit the needs of its customers. I look forward to joining New Century.”