Three LI tech firms among Deloitte’s fastest, again

Repeat three-peat: Long Island has once again placed three contenders on Deloitte's annual North America Technology Fast 500 list.

With one return engagement and a pair of debuts, Long Island has once again landed three up-and-coming firms on Deloitte’s annual ranking of North America’s 500 fastest-growing technology companies.

The trifecta is on par with Deloitte’s 2015 list, when three Island firms – Farmingdale-based industrial services provider Cemtrex Inc., Westbury-based telemedicine specialist Vasomedical and Dealertrack, a Lake Success-based auto-dealership services provider later acquired by Atlanta-based Cox Automotive – made the cut.

CEMTREX 1Cemtrex was back in the mix on the 2016 Technology Fast 500, which was released by Deloitte on Wednesday and determined North America’s fastest-growing tech firms by tracking fiscal-year revenue growth between 2012 and 2015.

Still glowing from the May acquisition of German electronics manufacturer Periscope, Cemtrex was the top-ranked Long Island company on Deloitte’s 2016 growth chart, weighing in at No. 213 with a growth rate of 368 percent. That’s a 69-spot leap from Cemtrex’s 2015 ranking at No. 282.

andrea-electronics-logo-1Revenue-growth percentages noted by the list seem astronomical in some cases, with Deloitte’s champions reporting between 121 percent and 66,661 percent growth during the target years. Starting with Cemtrex’s middle-of-the-pack performance, Long Island’s three 2016 contenders all placed in the middle to latter part of the list.

Joining Cemtrex this year are Andrea Electronics Corp. and NeuLion Inc., which finished Nos. 243 and 446, respectively.

Bohemia-based Andrea Electronics, a speech-recognition and mobile-recording pioneer with a line of digital-array microphones and noise-reduction software solutions, reported a 298 percent growth rate to crack the Deloitte list for the first time.

neulion-logo-1NeuLion, a Plainview-based online video company that provides streaming media services to major professional sports leagues including the National Football League and the National Basketball Association, reported growth of 141 percent.

The No. 1 company on Deloitte’s 2016 list – and proud owner of that three-year, 66,661 percent revenue increase – is Los Angeles-based Loot Crate, the monthly subscription-box innovator.

The No. 2 spot is held by New York City-based digital-trends tracker Yieldbot, which posted a mere 39,783 percent growth rate.

The entire 2016 North American Technology Fast 500 is available for viewing here.


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