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

 

Seequent Named A Tech Company To Watch For Impressive Global Growth


CHRISTCHURCH, NZ, 19 November 2020 – Global geoscience software company Seequent has been recognised for its impressive revenue increase in the annual Technology Investment Network (TIN) Report which monitors the performance of New Zealand’s top 200 largest technology exporters.

Seequent received an EY Ten Companies to Watch award, posting the third-highest reported dollar value revenue increase out of the 200 technology exporters profiled. Seequent’s 2020 revenue of $106m ranked it 23rd on the TIN100 (rated 1 to 100 by revenue), up from 49th in 2019. Seequent has steadily improved its position on the TIN100 since first featuring in 2015; TIN calculated the company’s 5 Year Compound Annual Growth Rate (CAGR) at over 40%.

Seequent CEO Shaun Maloney, says: “Seequent’s continued focus, global growth, and performance are due to the passion of 435 staff, support of 20,000 customers, and the surge of acknowledgement around the world that we MUST take greater steps to make better decisions about the Earth and our environment to sustain life. Assuring the sustainability of the Earth’s precious resources is at the core of Seequent’s purpose.”

Seequent is currently developing its new future-focussed ecosystem of hybridised cloud and desktop geoscience solutions called Seequent Evo; the most significant investment in technology in the company’s history.

“There is a world of opportunity ahead for Seequent. Our rapid growth is continuing despite the Covid-impacted environment, and we’re investing in technology innovation to create new solutions for our customers – which means we need to keep expanding our team. We’re actively looking for a wide range of talented and passionate individuals who want to help us deliver on our purpose, both in New Zealand and globally, including software developers, marketing and sales professionals,” says Maloney.

The TIN Report tracks the progress of technology exporters in the areas of Information and Communications Technology (ICT), High-tech Manufacturing and Biotechnology.

Greg Shanahan, founder and managing director of TIN, says: “For the first time Seequent made it on to the EY Ten Companies to Watch List - the ten highest reported dollar value growth companies in the TIN200, NZ’s 200 largest technology “exporters”. They achieved this with spectacular growth, which ranked them third behind such iconic high growth companies as F&P Healthcare and Xero.”

Headquartered in Christchurch, Seequent specialises in developing geoscience analysis, modelling and visualisation software. Its world-leading technologies enable better-informed environmental and investment decision making in the mining & minerals, civil construction and infrastructure, environmental and energy sectors.

Customers in over 100 countries use Seequent’s innovative software on a diverse range of projects, including critical, large-scale, earth, environment, and renewable energy projects, to support complex decision-making on subsurface geoscience and engineering design solutions.

Microsoft recently named Seequent as one of four technology partners it was working with globally to drive change in the quality and conservation of water.

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Stats NZ: Largest Drop In Terms Of Trade In A Decade As Dairy Export Prices Sour

Lower export prices for dairy, meat, and logs in the September 2020 quarter led to the biggest drop in terms of trade since June 2009, Stats NZ said today. Export prices fell in the September 2020 quarter, down 8.3 percent from its highest ever ... More>>

ALSO:

Stats NZ: Election Boosts October Job Numbers

Job numbers were boosted by general election staff in October 2020, along with rises in the manufacturing, retail, and hospitality industries, Stats NZ said today. Filled jobs rose by 27,667 to 2.2 million in October 2020 compared with September, after ... More>>

Government: New Year Border Exception For Seasonal Workers In The Horticulture And Wine Industries

2000 additional RSE workers to enter New Zealand early next year employers must pay these workers at least $22.10 an hour employers will cover costs of managed isolation for the RSE workers RSE workers will be paid the equivalent of 30 hours work a week ... More>>

ALSO:


Media: Discovery, Inc. Completes Acquisition Of New Zealand’s Mediaworks TV Ltd

Auckland, New Zealand, December 1, 2020 - Discovery, Inc. (“Discovery”), the global leader in real-life entertainment, has completed its acquisition of New Zealand’s leading independent free-to-air commercial broadcaster, MediaWorks TV Ltd, now operating ... More>>

Department Of Conservation: Big Year Underway At Albatross Colony

Familiar faces are returning for the new season of Royal Cam, with a big breeding year underway for the toroa/northern royal albatross colony on Otago’s windswept Pukekura/Taiaroa Head. More than 120 albatrosses, a taonga species, have returned ... More>>

Real Estate: ASB Survey Reveals Majority Of Kiwis Expect House Prices To Keep Climbing

ALSO:

House price expectations are soaring as New Zealand’s housing market shifts up a gear. But stretched affordability is putting a dent in perceptions of whether it’s a good time to buy. While Kiwis reveal they do expect interest rates to fall further. ... More>>

Stats NZ: Births And Deaths: Year Ended September 2020

Births and deaths releases provide statistics on the number of births and deaths registered in New Zealand, and selected fertility and mortality rates. Key facts For the year ended September 2020: 57,753 live births and 32,670 deaths ... More>>

ALSO: