Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


New Zealand firms represent in regional Technology Fast 500


Media release

7 December 2012

New Zealand firms represent in regional Technology Fast 500

45 Kiwi tech companies make Asia Pacific index

New Zealand businesses are once again in the mix in the annual Deloitte Technology Fast 500 Asia Pacific index of the region’s fastest growing tech businesses, with 45 making the list.

The index, which was announced in Hong Kong last night, ranks the top 500 tech businesses according to their revenue growth over the past three years and sets the standard for high growth technology businesses in the Asia Pacific region.

Leading the list of New Zealand businesses was transport technology and services company EROAD, which was ranked 10th on the index with an impressive 2,746% growth, followed by online electricity retailer PowerKiwi, which came 18thth with 1916% growth.

Seven of the 45 New Zealand companies to make this year’s Deloitte Technology Fast 500 Asia Pacific index are ranked in the top 100. In total, New Zealand had by far the highest representation per capita.

Wellington-based businesses led the way with 18 making the index, while there were 17 from Auckland and five each from Christchurch and Hamilton.

NZ companies in the top 100
RankCompany Growth (%)
10EROAD2746
18PowerKiwi1916
32GreenButton1248
52Konnect Net906
62Trineo769
83Midas Infomedia618
93Snipesoft578


Leader of the New Zealand Fast 50 programme, partner Stephen Nicholas, says that the fact Kiwi businesses make up almost 10% of all companies on the Asia Pacific Tech Fast 500 is proof that New Zealanders are among the best technology entrepreneurs in the region.

“The Technology Fast 500 results illustrate that for innovative Kiwi businesses the relatively small size of the New Zealand market is not a barrier to achieving stellar growth. As long as they get their business model right and remain true to their core values, they can compete with the best in the world,” says Mr Nicholas.

“Increased digital connectivity and the cloud have levelled the playing field for companies to achieve growth on a global scale and New Zealand companies are particularly adept at capitalising on this technology.”

In terms of the geographical spread of companies on the Tech Fast 500, the largest number of companies came from Taiwan (130), followed by China (103), South Korea (71), Australia (60), India (55), New Zealand, Japan (26), Singapore (7) and Malaysia (3). Revenue growth across the Tech Fast 500 ranked firms was on average 467% this year, driven by another year of strong growth in the semiconductor, components and electronics sector.

The top-ranked business was Taiwanese electronics component manufacturer ProCrystal Technology with an astronomical 10,028% growth.


NZ businesses on the 2012 Deloitte Technology Fast 500 Asia Pacific index by region
For the full Deloitte Technology Fast 500 Asia Pacific 2010 index, go to www.deloitte.com/fast500asiapac

Wellington:
PowerKiwi, GreenButton, Midas Infomedia, Snipesoft, Powershop, Xero, Snapper Services, Futurix, Optimal Workshop, LifeDirect, Freeman Media, Optimation New Zealand, Trio Software Developments, Tekron, Aura Information Security, Seekom, Telecom Rentals, Red Witch Analog

Auckland:
EROAD, Konnect Net, 2degrees Mobile, MediaCom, World Wide Access, Tomizone, Gopher, ProjectManager.com, Stellar Consulting Group, SnapComms, KernMobile, Dbvisit Software, 2Talk, Potentia, Derceto, The Sleep Store, ClearPoint.

Hamilton:
Shotgun Supplements, Sportsfuel Supplements, SPEED NZ, Reduced to Clear, Quinspread Technologies.

Christchurch:
Trineo, NZ Tax Refunds, Flightcell International, ARANZ Geo, SMTP2GO.


About the Technology Fast 500 Asia Pacific Programme
The Deloitte Technology Fast 500 Asia Pacific programme recognises technology companies that have achieved the fastest rates of revenue growth in Asia Pacific during the past three years. The programme is supported by the Deloitte Technology Fast 50 initiatives, which rank high growth technology companies by location or specifically defined geographic area and are run by Deloitte Touche Tohmatsu Limited’s Technology, Media & Telecommunications (TMT) global industry group.

About Deloitte in New Zealand
Deloitte New Zealand brings together more than 800 specialist professionals providing audit, tax, consulting, and financial advisory services to public and private clients spanning multiple industries. Our people are based in Auckland, Hamilton, Wellington, Christchurch and Dunedin, serving clients that range from New Zealand’s largest companies and public sector organisations to smaller businesses with ambition to grow.

Deloitte’s local experts draw on best practice and innovative methodologies from around the world as part of Deloitte Touche Tohmatsu. With a globally connected network of member firms in more than 150 countries, Deloitte brings world-class capabilities and high-quality service to clients, delivering the insights they need to address their most complex business challenges. Deloitte’s approximately 182,000 professionals are committed to becoming the standard of excellence. For more information about Deloitte in New Zealand, go to our website www.deloitte.co.nz

About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see www.deloitte.com/nz/about for a detailed description of the legal structure of Deloitte Touche Tohmatsu and its member firms.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Scoop Business: RBNZ Keeps OCR At 3.5%, Signals Slower Pace Of Future Hikes

Reserve Bank governor Graeme Wheeler kept the official cash rate at 3.5 percent and signalled he won’t be as aggressive with future rate hikes as previously thought as inflation remains tamer than expected. The kiwi dollar fell to a seven-month low. More>>

ALSO:

Weather: Dry Spells Take Hold In South Island

Many areas in the South Island are tracking towards record dry spells as relatively warm, dry weather that began in mid-August continues... for some South Island places, the current period of fine weather is quite rare. More>>

ALSO:

Scoop Business: Productivity Commission To Look At Housing Land Supply

The Productivity Commission is to expand on its housing affordability report with an investigation into improving land supply and development capacity, particularly in areas with strong population growth. More>>

ALSO:

Forestry: Man Charged After 2013 Death

Levin Police have arrested and charged a man with manslaughter in relation to the death of Lincoln Kidd who was killed during a tree felling operation on 19 December 2013. More>>

ALSO:

Smells Like Justice: Dairy Company Fined Over Odour

Dairy company fined over odour Dairy supply company Open Country Dairy Limited has been convicted and fined more than $35,000 for discharging objectionable odour from its Waharoa factory at the time of last year’s ”spring flush” when milk supply was high. More>>

Scoop Business: Dairy Product Prices Decline To Lowest Since July 2012

Dairy product prices dropped to the lowest level since July 2012 in the latest GlobalDairyTrade auction, led by a slump in rennet casein and butter milk powder. More>>

ALSO:

SOE Results: TVNZ Lifts Annual Profit 25% On Flat Ad Revenue, Quits Igloo

Television New Zealand, the state-owned broadcaster, lifted annual profit 25 percent, ahead of forecast and despite a dip in advertising revenue, while quitting its stake in the pay-TV Igloo joint venture with Sky Network Television. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand

Mosh Social Media
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news