TODAY'S PAPER
Clear 18° Good Afternoon
Clear 18° Good Afternoon
Business

Three LI companies make Deloitte’s Technology Fast 500

At the operations center of NeuLion, an online

At the operations center of NeuLion, an online video streaming company in Plainview, editors work on computers in front of more than a dozen television screens. Photo Credit: Steve Pfost

Three Long Island companies — Cemtrex Inc., Andrea Electronics Corp. and NeuLion Inc. — have been named to Deloitte’s 2016 Technology Fast 500.

The list, announced Wednesday, is a yearly ranking of the fastest growing North American technology, media, telecommunications, life sciences and energy tech companies.

Companies are chosen based on cumulative fiscal year revenue growth from 2012 to 2015. Overall, 2016 Technology Fast 500 companies achieved revenue growth ranging from 121 percent to 66,661 percent in that period.

Farmingdale-based Cemtrex Inc. was the top-ranked Long Island company at No. 213. The publicly traded maker of air pollution control equipment and provider of services for electronics manufacturers had a growth rate of 368 percent.

Andrea Electronics Corp., a publicly traded Bohemia maker of microphones and noise-reduction software used in speech recognition and mobile recording, followed Cemtrex at No. 243 with a 298 percent growth rate.

NeuLion Inc., a Plainview provider of streaming media services to the NFL, NBA and UFC that is traded on the Toronto Stock Exchange, was ranked at No. 446 with revenue growth of 141 percent.

Cemtrex moved up 69 spots from 2015 when it ranked No. 282 as one of three Long Island companies on the list.

The other Long Island companies on the 2015 list were Dealertrack Inc., a Lake Success maker of software for auto dealerships that was acquired by Atlanta-based Cox Enterprises, and Westbury-based Vasomedical Inc., a medical device maker.

The No. 1 company on the 2016 list was Los Angeles-based Loot Crate, which delivers a monthly box of mystery goods to subscribers based on their interest in pop culture, gaming or dog ownership. Loot Crate posted a 66,661 percent revenue increase for the 2012 to 2015 period.

More news

Sorry to interrupt...

Your first 5 are free

Access to Newsday is free for Optimum customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE