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.
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Source: Deloitte & Touche USA LLP
CONTACT: Richard Shippee, Senior Manager, Public Relations, Deloitte
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Profile: International Entertainment
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