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.

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

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