November 08, 1999 11:32
DLJdirect Named Internet/e-commerce Company of the Year;
DLJdirect Honored by the New Jersey Technology Council
JERSEY CITY, N.J.--(BUSINESS WIRE)--Nov. 8, 1999--DLJdirect Inc. (NYSE:DIR), the online brokerage service of Donaldson, Lufkin & Jenrette, Inc. (NYSE:DLJ), was named Internet/E-Commerce Company of the Year by the New Jersey Technology Council ("NJTC").
DLJdirect was presented with the 1999 Internet/E-Commerce Company of the Year Award at the 4th Annual NJTC Awards Gala on Friday evening, November 5th. The NJTC awards recognize New Jersey's top technical companies that have achieved business success, and the Internet/E-Commerce Company of the Year Award is the organization's highest accolade.
DLJdirect was one of the nation's first online brokerage firms, and 1999 has been an especially significant year in its history. Widely regarded as a high-quality financial services provider, DLJdirect's
customer assets grew to $14.2 billion in more than 700,000 customer accounts as of September 30, 1999. Staffing at DLJdirect has almost doubled since the end of 1998, and annual revenues and income are progressing at a similar pace. The firm completed a successful initial public offering of 18,400,000 shares in May of this year, and the company consistently wins recognition for its technological superiority by Keynote, an organization that measures the speed and performance of online brokerage firms. In addition, DLJdirect is ranked among the best online brokerages by The Street.com and Barron's, Forbes, Kiplinger's, Time Digital and Worth magazines. All of these milestones contributed to DLJdirect's selection as the grand award winner.
"We are honored to be named Internet/E-Commerce Company of the Year by the New Jersey Technology Council," said Blake Darcy, Chief Executive Office of DLJdirect. "The recognition reflects our ongoing commitment to technological excellence and to providing our serious online investors with the most complete package of resources and services they need to manage their finances. We are proud to be part of the growth and development of the technology industry in New Jersey and believe this award will help us to continue to attract and retain the high quality individuals we need to be successful in our industry."
Suresh Kumar, Chief Information Officer for DLJdirect, accepted the award at the Award's Gala. "We have always believed our technical staff is the best in the business," said Mr. Kumar, who indicated
that DLJdirect builds most of its sophisticated technology in-house. "I am pleased to accept this award on behalf of all those who have worked so hard to build our business and on behalf of our customers, who have placed their trust in us to help them manage their finances. We will continue to strive for excellence in all that we do."
ABOUT NEW JERSEY TECHNOLOGY COUNCIL
The New Jersey Technology Council provides business support, networking, information, advocacy and recognition of technology companies and their leaders. Founded in 1996, NJTC's 600+ member
companies work together to support their own enterprises while advancing New Jersey's status as a leading technology center in the United States.
ABOUT DLJdirect
DLJdirect is one of America's premier online brokerage firms. Established in 1988, DLJdirect offers a broad range of investment products and services to sophisticated, self-directed investors. DLJdirect has over 700,000 customer accounts representing over $14.2 billion in assets. DLJdirect common stock trades on the New York Stock Exchange under the ticker symbol "DIR." For more information on DLJdirect, refer to the company's World Wide Web site at www.DLJdirect.com.
Donaldson, Lufkin & Jenrette is a leading integrated investment and merchant bank serving institutional, corporate, government and individual clients. DLJ's businesses include securities underwriting; sales and trading; investment and merchant banking; financial advisory services; investment research; venture capital; correspondent brokerage services; online, interactive brokerage services; and asset management. Founded in 1959 and headquartered in New York City, DLJ
employs approximately 9,700 people worldwide and maintains offices in 13 cities in the United States and 14 cities in Europe, Latin America and Asia. The company has two classes of common stock trading on the New York Stock Exchange. Shares trading under the ticker symbol "DLJ" represent Donaldson, Lufkin & Jenrette, Inc. Shares trading under the ticker symbol "DIR" track the performance of DLJdirect, its online brokerage business. For more information on Donaldson, Lufkin &
Jenrette, refer to the company's World Wide Web site at www.dlj.com. The firm's world headquarters are located at 277 Park Avenue, New York, NY 10172; telephone number 212/892-3000.
CONTACT: DLJdirect Inc.
Linda Finnerty, 201/308-3187 (Press Contact)
lfinnerty@dljdirect.com
or
Donaldson, Lufkin & Jenrette (Investor Contact)
Kevin Zuccala, 212/892-4693
ir@dlj.com |
