WithYouWithMe named number one on the Deloitte 2019 Asia Pacific Technology Fast 500 TM

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Australian-based media company WithYouWithMe named number one on the Deloitte 2019 Asia Pacific Technology Fast 500 TM

  • Online employment and training company WithYouWithMe is the highest ranked company on index
  • Australian company tops the list for the first time in 15 years
  • Most Australian companies recognised in rankings
  • Life Sciences is the fastest growing sector with an average 1080% growth.

11 December 2019: The 2019 Asia Pacific Technology Fast 500 index was released today by Deloitte Asia Pacific. WithYouWithMe, an Australian company dedicated to helping ex-military and veterans find jobs and careers, took out the top spot with a staggering 13361% growth rate.

This index is an annual ranking of the fastest growing Asia Pacific companies in the hardware, software, communications, media, life sciences and clean technology industries. Awardees are selected for the Technology Fast 500 ranking based on percentage fiscal year revenue growth over three years.

WithYouWithMe is the first Australian company since 2004 to top the index. The Sydney-based company provides a free online training platform that helps develop and up-skill talented veterans and ex-military professionals so they can transition successfully into civilian work.

“These companies represent the exciting potential for success in the Asia Pacific Region,” said Mike Horne, Asia Pacific Deloitte Private Leader. “We are an extraordinarily diverse region, home to an equally diverse group of successful technology companies. Despite the differences in sectors, regions, products and services the companies on this list are united by their resilience, creativity and dedication. It’s my pleasure to celebrate these qualities and the companies listed in the 2019 Asia Pacific Technology Fast 500TM.”

Josh Tanchel, Australian Deloitte Private Partner and Australia Technology Fast 50 Lead, said: “I’m thrilled to see an Australian company taking home first place in the Asia Pacific Tech Fast 500. This is just another example of Australian talent punching well above its weight. It’s also proof that when passion meets purpose, boundaries melt away and doors continue to open. Deloitte Private remains committed to these programs and to supporting the next generation of business leaders. Congratulations to the team at WithYouWithMe, and we wish them continued success in the future.”

Geographical Trends

Australia backed up its number one ranking with 98 companies represented on the overall 2019 Asia Pacific Technology Fast 500TM index. This is the highest number of Australian companies ever recognised in the index, and a 38% increase on the 71 Australian companies that were ranked last year.

Companies based in Mainland China continue to dominate the index with six companies in the top 10 and 140 companies listed overall.

Taiwan also returned to the top 10, after a hiatus in 2018, with life sciences company TaiMed Biologics Inc. named third on the index with 11511% growth. India rounded out the countries represented in the top 10 with software company Smartpaddle Technology Private Limited, in fifth place with 8271% growth.

Sector Trends

Chinese and Australian companies also dominated the sectors represented in the 2019 Asia Pacific Technology Fast 500TM index. Chinese companies were the fastest growing in four categories (life sciences, hardware, communications, and clean technology sectors) and Australian companies took out the final two sectors (media and software).

The life sciences sector was the fastest growing with an average 1080% growth. This was followed by media (970% growth), clean technology (833% growth), software (669% growth), communications (539%), and hardware (522%).

This is the first time in seven years that software has not been the fastest growing sector, though it still had a strong showing in the top 10 with four companies represented: Australia’s Brighte was the top ranked with 8881% growth.

Revenue Growth Trends

This year the top 500 companies had averaged revenue growth of 717% percent. For the top 10 companies the average revenue for the current year in USD is $27,349,513. The average revenue growth of the top 10 is 8,569%.

This average revenue growth is the second highest recorded by the Asia Pacific Technology Fast 500TM and is only surpassed by 2018’s 987% growth.

Top 10 companies ranked in the 2019 Asia Pacific Technology Fast 500:

 

Country  

Company Name

Growth %

Industry

1

Australia

WithYouWithMe

13361%

Media

2

China

Chengdu Suncadia Medicine Co.,Ltd.

12571%

Life Sciences

3

Taiwan

TaiMed Biologics Inc.

11511%

Life Sciences

4

Australia

Brighte

8881%

Software

5

India

Smartpaddle Technology Private Limited

8271%

Software

6

China

Social Power Information Technology (Shanghai) Co., Ltd.

6666%

Software

7

China

Sichuan Subao Network Technology Co., Ltd.

6421%

Communications

8

China

Hangzhou Tuya Information Technology Co., Ltd

6182%

Hardware

9

China

Beijing Geekplus Technology Co., Ltd.

6033%

Hardware

10

China

Guangzhou Leyaoyao Information Technology Co., Ltd

5790%

Software

 

The full list of winners of the 2019 Asia Pacific Technology Fast 500 can be found on www.deloitte.com/fast500asiapacific. Details of the program nomination and eligibility criteria can be found on www.deloitte.com/fast500.

Media contact

Billy Briggs
Corporate Affairs & Communications
M: +61 474 697 235
Email

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