New York Technology Fast 50 Companies Experience Average Revenue Growth of
3,044 Percent
Deloitte - September 2007
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:
| Rank |
Company |
CEO Name |
City |
Type |
 |
| 1 |
Sirius Satellite Radio Inc. |
Mel Karmazin
|
New York |
Media and Entertainment |
| 2 |
Orchestria Inc.
|
Bo Manning
|
New York |
Software |
| 3 |
Didit
|
Kevin Lee
|
Rockville Centre |
Internet |
| 4 |
Acclaro Inc.
|
Michael Kriz
|
Irvington |
Software |
| 5 |
The Orchard
|
Greg Scholl
|
New York |
Media and Entertainment |
| 6 |
Juma Technology Corporation
|
David Giangano
|
Farmingdale |
Communcations and Networking |
| 7 |
Vibrant Media
|
Doug Stevenson
|
New York |
Media Entertainment |
| 8 |
SIGA Technologies, Inc.
|
Eric A. Rose
|
New York |
Biotechnology
and Pharmaceutical |
| 9 |
CashEdge, Inc.
|
Sanjeev Dheer
|
New York |
Software |
| 10 |
Schoolnet, Inc.
|
Jonathan D. Harber
|
New York |
Software |
| 11 |
OSI Pharmaceuticals, Inc.
|
Colin Goddard
|
Melville |
Biotechnology
and Pharmaceutical |
| 12 |
DealerTrack, Inc.
|
Mark F. O’Neil
|
Lake Success |
Software |
| 13 |
The NewsMarket
|
Shoba Purushothaman
|
New York |
Media Entertainment |
| 14 |
Seevast Corporation
|
Lance D. Podell
|
New York |
Internet |
| 15 |
ImClone Systems Incorporated
|
Carl Icahn
|
New York |
Biotechnology
and Pharmaceutical |
| 16 |
ReturnPath, Inc.
|
Matthew Y. Blumberg
|
New York |
Software |
| 17 |
ContextWeb, Inc.
|
Anand Subramanian
|
New York |
Internet |
| 18 |
WebCollage, Inc.
|
Yehuda Doron
|
New York |
Software |
| 19 |
M5 Networks
|
Daniel Hoffman
|
New York |
Communcations and Networking |
| 20 |
Reval Inc.
|
Jiro Okochi
|
New York |
Software |
| 21 |
Travelzoo Inc.
|
Ralph Bartel
|
New York |
Internet |
| 22 |
Progenics Pharmaceuticals, Inc.
|
Paul J. Maddon, M.D., Ph.D.
|
Tarrytown |
Biotechnology
and Pharmaceutical |
| 23 |
Tutor.com
|
George Cigale
|
New York |
Software |
| 24 |
Bioenvision, Inc.
|
Christopher B. Wood
|
New York |
Biotechnology
and Pharmaceutical |
| 25 |
Mimeo.com
|
Adam Slutsky
|
New York |
Internet |
| 26 |
eChalk, Inc.
|
Daniel Watts
|
New York |
Internet |
| 27 |
Partsearch Technologies Inc.
|
Glenn C. Laumeister
|
New York |
Internet |
| 28 |
Sterling Testing Systems Inc.
|
William Greenblatt
|
New York |
Software |
| 29 |
Creditex Inc.
|
Sunil Hirani
|
New York |
Software |
| 30 |
FalconStor Software, Inc.
|
ReiJane Huai
|
Melville |
Software |
| 31 |
Glenayre Technologies, Inc.
|
James Caparro
|
New York |
Communcations and Networking |
| 32 |
WHI Solutions, Inc.
|
Bryan P. Murphy
|
White Plains |
Software |
| 33 |
24/7 Real Media, Inc.
|
David J. Moore
|
New York |
Internet |
| 34 |
Fatwire Software
|
Andrew Gyenes
|
Mineola |
Software |
| 35 |
IntraLinks, Inc.
|
Patrick Wack
|
New York |
Software |
| 36 |
Zanett, Inc.
|
Claudio M. Guazzoni
|
New York |
Software |
| 37 |
LivePerson, Inc.
|
Robert LoCascio
|
New York |
Software |
| 38 |
RegionalHelpWanted.com, Inc.
|
Eric P. Straus
|
Poughkeepsie |
Software |
| 39 |
Translations.com
|
Phil Shawe
|
New York |
Software |
| 40 |
RiskMetrics Group Inc.
|
Ethan Berman
|
New York |
Software |
| 41 |
Cosmocom
|
Ari Sonesh
|
Melville |
Software |
| 42 |
Comtech Telecomm. Corp.
|
Fred Kornberg
|
Melville |
Communcations and Networking |
| 43 |
Evolution Markets
|
Andrew Ertel
|
White Plains |
Internet |
| 44 |
Bluewolf
|
Eric Berridge
|
New York |
Software |
| 45 |
Aeroflex Incorporated
|
Harvey Blau
|
Plainview |
Semi-conductor |
| 46 |
L-3 Communications Hldgs.
|
Michael T. Strianese
|
New York |
Communcations and Networking |
| 47 |
AVM Software, Inc.
|
Jason Katz
|
New York |
Internet |
| 48 |
Allworx Inc.
|
George E. Daddis ...
|
East Rochester |
Communcations and Networking |
| 49 |
deltathree, Inc.
|
Shimmy Zimels
|
New York |
Communcations and Networking |
| 50 |
Dice Holdings, Inc.
|
Scot Melland
|
New York |
Internet |
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