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
Mon, Sep 24, 2007
New York Technology Fast 50 Companies Experience Average Revenue Growth of 3,044 Percent
NEW YORK, Sept 20, 2007 /PRNewswire via COMTEX/ — 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.
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.
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.
SOURCE Deloitte & Touche USA LLP
Copyright (C) 2007 PR Newswire. All rights reserved
Leave a Reply
You must be logged in to post a comment.