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Contact:
Devon Jaffier
Tri-State Media Relations
E-Mail: djaffier@deloitte.com
Deloitte & Touche Unveils Annual Ranking of Fastest Growing Technology Companies in New York City Area
Friday, September 26, 2003
New York, NY – September 26, 2003 – Deloitte & Touche announced
the rankings for the 2003 New York Technology Fast 50, the firm’s annual
ranking of the 50 fastest growing companies in New York City area. For the second
year in a row, top honors were awarded to LinkShare Corp., an online marketing
system based out of New York City, which achieved a revenue growth of 26,268 percent
over the past five years. Second place went to last year’s runner-up Register.com,
which achieved a revenue growth of 7958%. The awards were presented at a dinner
held last night at the Ritz-Carlton Battery Park in New York City.
“LinkShare’s and Register.com’s accomplishments over the
past five years certainly are impressive, especially when considered in the
broader context of today’s generally tepid technology marketplace. I believe
these companies are indicative of the generally improving technology environment
in New York for technology companies and proof positive that technology will
remain a driving force in our economy, and will give rise to the great companies
of the future,” said Larry Wizel, Partner in Charge of the New York Fast
50 Program. “We congratulate all of these companies for their tireless
drive towards excellence and for creating jobs, opportunity and growth in the
New York marketplace.”
The 2003 New York Technology Fast 50 company rankings is as follows:
Company Name % Growth
- LinkShare Corp. 26268%
- Register.com, Inc. 7958%
- RiskMetrics Group, Inc. 7276%
- Pinnacor Inc. 5986%
- LivePerson, Inc. 2073%
- IntraLinks, Inc. 1895%
- System Management ARTS, Inc. 1327%
- Intrasphere Technologies, Inc. 840%
- Frontline Communications Corp. 778%
- SchoolNet, Inc 756%
- ACTV, Inc. 703%
- Alacra, Inc. 703%
- Mediacom Communications 614%
- Insight Communications 603%
- Pharmaceutical Resources 539%
- Viewpoint Corporation 504%
- Vault Inc. 457%
- Austin Corporate Enterprises, Inc 392%
- Random Walk Computing, Inc. 355%
- TheStreet.com, Inc. 351%
- Eon Labs, Inc 338%
- Take-Two Interactive Software 316%
- EDO Corporation 304%
- Globix Corporation 298%
- L-3 Communications Hldgs. 287%
- DoubleClick Inc. 274%
- Barr Laboratories, Inc. 243%
- Forest Laboratories, Inc. 237%
- Vitech Systems Group, Inc. 230%
- Intermedia Group, Inc. 213%
- eB2B Commerce, Inc. 194%
- Scientific Games Corp. 186%
- U.S. Wireless Data, Inc. 177%
- Monster Worldwide, Inc. 174%
- NWH, Inc. 166%
- Microban International, Ltd. 148%
- Pfizer Inc. 139%
- Interdimensions Corp. 139%
- IntegraMed America, Inc. 134%
- On2 Technologies, Inc. 132%
- deltathree, Inc. 129%
- The BISYS Group, Inc. 124%
- 24/7 Real Media, Inc. 114%
- Verizon Communications 114%
- Predictive Systems, Inc. 90%
- Diaspark, Inc. 84%
- Honeybee Robotics, Ltd. 82%
- Bit by Bit Computer Consulting, Inc. 71%
- Arbitron, Inc. 44%
- ISP Optics Corp. 43%
Fast 50 winners are selected based on the percentage of growth in revenues
from 1998 to 2002. To qualify for the New York Technology Fast 50, companies
must meet the following criteria:
Be a technology company, specifically defined as a company that owns proprietary
technology, which contributes to a significant portion of the company’s
operating revenues (e.g., using other companies’ technology in a unique
way does not qualify) or devotes a high percentage of effort to research and
development of technology.
Be in business a minimum of five years with 1998 revenues of at least $50,000
and 2002 revenues of at least $1,000,000.
Be a public or private company headquartered in New York City, Westchester County
or Rockland County. Subsidiaries and divisions are not eligible unless they
have some public ownership and are separately traded.
This year’s New York Technology Fast 50 is supported by Platinum Sponsors:
Bank of New York, Geller & Company, Marsh Financial Services, NASDAQ, and
Proskauer Rose; Gold Sponsor: the Journal News; and Silver Sponsors: Polytechnic
University the New York University Center for Advanced Technology.
Thomas Wiese, Chief Operating Officer of Marsh's Financial Services practice
noted, "It is a privilege to recognize the Fast 50 award winners for their
tremendous accomplishments -- made even more notable considering the difficult
business environment in the technology sector during the past several years.
Their impressive revenue growth has set them apart as the pace setters of today
and industry leaders for tomorrow."
In addition to the Fast 50, Deloitte & Touche also recognized 14 “Rising
Star” companies. Rising Star nominees must meet the same New York Technology
Fast 50 criteria, but are selected based on the percentage of growth in revenues
over three years (2000-2002).
This year’s New York Technology Fast 50 Rising Stars are:
Company Name % Growth
- Seamless Web Professional Solutions, Inc. 7859%
- Creditex, Inc. 2874%
- Return Path, Inc. 2567%
- Medidata Solutions, Inc. 2510%
- I-Behavior Inc. 2170%
- Vindigo, Inc. 997%
- Reval.com, Inc. 750%
- Applied Wireless Identifications Group, Inc. 739%
- WebRecruiter, LLC 466%
- Ultra 16, Inc. 253%
- Translations.com, Inc. 238%
- eMeta Corporation 124%
- Skyauction.com 24%
- eSpeed, Inc. 17%
Trends Among the 2003 New York Fast 50 and Rising Star Companies
- This year’s group of Fast 50 companies grew an average of 1312 percent
from 1998-2002.
- There are six Fast 50 companies from the counties just north of New York
City. These companies represent Westchester County (Austin Corporate Enterprises
Inc. and IntegraMed America, Inc.), Rockland County (Frontline Communications
Corp., Pharmaceutical Resources and Barr Laboratories, Inc.), and Orange County
(Mediacom Communications). Additionally, Westchester and Rockland Counties
were represented in the Rising Star category by I-Behavior, Inc. and Applied
Wireless Identifications Group Inc., respectively.
- There were an unprecedented number of “Rising Star” companies
in the final rankings this year (14), compared with previous years.
- Thirty percent of New York Fast 50 companies are privately held, as compared
to 40 percent in 2002 and 44 percent in 2001 and 60 percent in 2000.
All U.S. and Canadian based Technology Fast 50 winners are automatically entered
in the Deloitte & Touche Technology Fast 500, the firm’s ranking of
the fastest growing technology companies in North America. Rising Star winners
are also automatically entered in the Deloitte & Touche Fast 500 program’s
Rising Star category. To learn more about the Technology Fast 50 or Technology
Fast 500 programs, visit www.fast500.com.
Deloitte & Touche
Deloitte & Touche, one of the nation’s leading professional services
firms, provides assurance and advisory, tax, and management consulting services
through nearly 30,000 people in more than 80 U.S. cities. The firm is dedicated
to helping its clients and its people excel. Known as an employer of choice
for innovative human resources programs, Deloitte & Touche has been recognized
as one of the “100 Best Companies to Work For in America” by Fortune
magazine for six consecutive years. Deloitte & Touche refers to Deloitte
& Touche LLP and related entities. Deloitte & Touche is the US national
practice of Deloitte Touche Tohmatsu. Deloitte Touche Tohmatsu is a Swiss Verein,
and each of its national practices is a separate and independent legal entity.
For more information, please visit Deloitte & Touche’s web site at www.deloitte.com/us.
Posted: Monday,
April 12, 2004
Updated: Monday,
April 12, 2004 |