Sirius Satellite Radio Inc. Tops Deloitte's New York Technology Fast 50 Ranking of Fastest Growing Companies With 79,060 Percent Revenue Growth Over Five Years
Sirius Satellite Radio Inc. Tops Deloitte's New York Technology Fast 50 Ranking of Fastest Growing Companies With 79,060 Percent Revenue Growth Over Five Years
New York Technology Fast 50 Companies Experience Average Revenue Growth of 3,044 Percent
NEW YORK, Sept. 20 /PRNewswire/ -- Satellite technology pioneer Sirius Satellite Radio tops the list of the fastest growing companies in New York as recognized by Deloitte & Touche USA LLP at an awards event held this evening at the St. Regis Hotel in New York City. The New York Technology Fast 50 ranks technology, media, telecommunications, and life sciences companies headquartered in the state by percentage revenue growth over five years.
"Sustaining such high revenue growth over five years is an exceptional accomplishment. We commend Sirius for envisioning, and then creating, an entirely new technology platform that changed forever how people think about radio", said Ed Moran, Director, Deloitte Services LLP. "Sirius has overcome enormous challenges in successfully developing and integrating the hardware, software, content and personalities needed to delight their customers. We are very proud to welcome Sirius Satellite to the top of Deloitte's 2007 New York Technology Fast 50."
Best known for its multi-channel satellite radio broadcast capabilities for home and auto, Sirius Satellite Radio also offers a wide range of products and services including 80 channels of Internet radio, 60 channels of Business radio as well as enhanced services for weather, traffic and marine broadcasting.
The 2007 New York Technology Fast 50 results reveal a number of other interesting industry trends.
-- 32 companies in the Fast 50 are private (as are seven of the top 10
companies), demonstrating that New York is an excellent location for
high-growth, innovative start-ups, as well as for leading, more
established companies
-- Strong private company revenue growth bodes well for continued strength
in the near-term IPO market, as well as continued venture capital
investment in New York companies
-- The Top 10 companies experienced an average revenue growth rate of
13,107 percent over five years as compared with 6,581 percent in 2006
-- 35 companies have headquarters in New York City, continuing a long-
standing trend of Fast 50 companies hailing from Manhattan
-- Nine companies have headquarters on Long Island, indicating a strong
technology hub in Nassau and Suffolk counties
Technology Fast 50 companies are selected based on percentage revenue growth over the five years from 2002 to 2006. To be considered, Technology Fast 50 entrants must have operating revenues of at least $50,000 in 2002 and at least $5,000,000 in 2006; be headquartered in New York; own proprietary technology or proprietary intellectual property that contributes to a significant portion of its operating revenues, or devote a significant proportion of revenues to the research and development of technology.
The New York Technology Fast 50 company ranking is as follows:
Ranking Company City/Town CEO Type
1 Sirius Satellite New York Mel Karmazin Media and
Radio Inc. Entertain-
ment
2 Orchestria Inc. New York Bo Manning Software
3 Didit Rockville Centre Kevin Lee Internet
4 Acclaro Inc. Irvington Michael Kriz Software
5 The Orchard New York Greg Scholl Media/
Entertain-
ment
6 Juma Technology Farmingdale David Communi-
Corporation Giangano cations
and Net-
working
7 Vibrant Media, New York Doug Media/
Inc. Stevenson Entertain-
ment
8 SIGA Technologies, New York Eric A. Rose Biotech-
Inc. nology
and Pharma-
ceutical
9 CashEdge, Inc. New York Sanjeev Software
Dheer
10 SchoolNet, Inc. New York Jonathan D. Software
Harber
11 OSI Pharma- Melville Colin Biotech-
ceuticals, Inc. Goddard nology
and Pharma-
ceutical
12 DealerTrack, Inc. Lake Success Mark F. Software
O'Neil
13 The NewsMarket New York Shoba Media/
Purushoth- Entertain-
aman ment
14 Seevast Corporation New York Lance D. Internet
Podell
15 ImClone Systems New York John H. Biotech-
Incorporated Johnson nology and
Pharma-
ceutical
16 ReturnPath, Inc. New York Matt Software
Blumberg
17 ContextWeb, Inc. New York Anand Internet
Subramanian
18 WebCollage, Inc. New York Eli Singer Software
19 M5 Networks, Inc. New York Dan Hoffman Communi-
cations/
Networking
20 Reval Inc. NYC Jiro Okochi Software
21 Travelzoo Inc. New York Ralph Bartel Internet
22 Progenics Pharma- Tarrytown Paul J. Biotech-
ceuticals, Inc. Maddon nology and
Pharmaceut-
ical
23 Tutor.com, Inc. New York George Software
Cigale
24 Bioenvision, Inc. New York Christopher Biotech-
B. Wood nology and
Pharmaceut-
ical
25 Mimeo.com, Inc. New York Adam Slutsky Internet
26 eChalk, Inc. New York Daniel Watts Internet
27 Partsearch New York Glenn C. Internet
Technologies Inc. Laumeister
28 Sterling Testing New York William Software
Systems Inc. Greenblatt
29 Creditex Group New York Sunil Hirani Software
30 FalconStor Software, Melville ReiJane Huai Software
Inc.
31 Glenayre Technologies, New York James Caparro Communi-
Inc. cations and
Networking
32 WHI Solutions, Inc. White Plains Bryan P. Software
Murphy
33 24/7 Real Media, Inc. New York David J. Internet
Moore
34 FatWire Software Mineola Yogesh Gupta Software
35 IntraLinks, Inc. New York Patrick Wack Software
36 Zanett, Inc. New York Claudio M. Software
Guazzoni
37 LivePerson, Inc. New York Robert P. Software
LoCascio
38 Regional- Poughkeepsie Eric P. Software
HelpWanted.com, Inc. Straus
39 Translations.com New York Phil Shawe Software
40 RiskMetrics Group, New York Ethan Berman Software
Inc.
41 CosmoCom, Inc. Melville Ari Sonesh Software
42 Comtech Telecomm. Melville Fred Kornberg Communi-
Corp. cations
and Net-
working
43 Evolution Markets White Plains Andrew O. Internet
Inc. Ertel
44 Bluewolf New York Eric Berridge Software
45 Aeroflex Incorporated Plainview Harvey R. Semi-
Blau conductor
46 L-3 Communications New York Michael T. Communi-
Holdings, Inc. Strianese cations
and Net-
working
47 AVM Software, Inc. New York Jason Katz Internet
48 Allworx Inc. East Rochester George Daddis Communi-
cations/
Networking
49 deltathree, Inc. New York Shimmy Zimels Communi-
cations
and Net-
working
50 Dice Holdings, Inc. New York Scott Melland Internet
RISING STARS
Articulate, Inc. New York Adam D. Software
Schwartz
SpeechCycle, Inc. New York Zor Gorelov Software
A special category called "Rising Stars" recognizes the fastest growing technology, media, telecommunications, and life sciences companies based on revenue growth over three years (2004-2006). The Rising Star companies with their percentage revenue growth over three years are: SpeechCycle, Inc. (1808 percent) and Articulate, Inc., a repeat Rising Star winner (269 percent).
The Technology Fast 50 program is presented by Deloitte & Touche USA LLP, in association with its program sponsors: Platinum: Geller & Company, NASDAQ, AmperIB, Sonnenschein Nath & Rosenthal LLP, Silicon Valley Bank, Gold Sponsor: Starpoint Solutions, Silver Sponsors: UK Trade & Investment, New York Biotechnology Association (NYBA), Industry & Technology Assistance Corporation (ITAC) and Rensselaer County Industrial Development Agency.
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other's acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names "Deloitte", "Deloitte & Touche", "Deloitte Touche Tohmatsu" or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein.
Deloitte & Touche USA LLP is the US member firm of Deloitte Touche Tohmatsu. In the US, services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP and their subsidiaries), and not by Deloitte & Touche USA LLP.
First Call Analyst:
FCMN Contact:
Source: Deloitte & Touche USA LLP
CONTACT: Richard Shippee, Senior Manager, Public Relations, Deloitte
Services LP, +1-212-436-3347, rshippee@deloitte.com, for Deloitte & Touche USA
LLP
Web site:
-------
Profile: intent
0 Comments:
Post a Comment
<< Home