Deloitte, NetSuite and ASX celebrate Australian Technology Fast 50 winners
AWESOME – there’s no other word!
19 November 2015: Internet and software companies comprise 66% of this year’s 50 fastest growing technology companies in Australia. To qualify for a place in the top 50 Deloitte Australian TechFast 50, each technology company has to accumulate more than $8 million in revenue over the three year period from 2013 to 2015.
Joshua Tanchel, Deloitte Tech Fast 50 lead partner said: “I am delighted to announce that the 2015 Deloitte TechFast 50 winner is Prospa, a fintech. As one of Australia’s largest online small business lenders, Prospa secured a phenomenal 6971% growth, almost double last year’s winning 3626% growth, ably delivered by NEXTDC, one of Australia’s leading data centre designers, developers and operators.
“Each year we are blown away by the quality, capacity and foresight of our Deloitte TechFast 50 award winners. Their ideas, their grasp of what the market wants, and their ability to deliver is simply awesome.
Stuart Johnston, Technology, Media and Telecommunications leader Deloitte Australia said: “Our TechFast 50 winners are making a big impact on consumers and businesses by offering simpler, faster, quality cost effective services across all industry sectors. These awards demonstrate the disruptive power of the internet, software and cloud providers across financial services, consumer business, the public sector, life sciences and real estate sectors and the value that technology and telecommunications is and can deliver to the market.”
The top five 2015 Tech Fast 50 winners are…
- Prospa (NSW) - a 2015 Telstra Business Award finalist is a leading online small business lender using a proprietary technology platform to deliver an online application process to approve and provide funding for loans within 24 hours. Its flagship is unsecured loans of $5k to $250k, lent to small businesses over three to 12 month terms with flexible daily or weekly repayments.
- Cirrus Networks (Perth) – a listed Australian IT solutions integrator provides an independent, flexible approach to designing, building, and managing IT infrastructure aimed at tailored solutions to help a business achieve its objectives in the most cost effective way (growth 5571%).
- Ingogo Limited (NSW) - a peer to peer taxi booking app with in-taxi payment terminal enabling customers to move outside the traditional taxi booking systems to ‘achieve better response times, security for drivers and passengers, and more efficient allocation of jobs’ (growth 1494%).
- Urbanise.com (VIC) - a cloud-based building services delivery platform for the facility management industry. It is designed to connect building operators with their clients, suppliers and the people who live and work in the buildings they manage (growth 1080%).
- Atomos Global (VIC) – a high quality video monitoring and recording device manufacturer. It offers a single, affordable tool to ‘make life easy for every digital single-lens reflex camera from broadcast to cinema, and post-production’ (growth 425%).
Elmer Funke Kupper, Managing Director and Chief Executive Officer Australian Securities Exchange (ASX) welcomed the Deloitte Technology Fast 50 winners to the ASX saying: “Given the strength of the ICT industry in Australia, there is little doubt that being a member of the Fast 50 means being among the best in the field.
“The advancement of technology is creating new business models and challenging existing ones. In the 2015 financial year, we saw 30 new tech listings, with a combined market capitalisation of more than $3.3 billion, bringing the total number of ASX technology listings to more than 130 companies.”
As a strong supporter of the Government’s push to improve the environment for innovation, Funke Kupper said: “Ideas, talent and capital are mobile. In Australia we are fortunate to have access to a large pool of capital - the world’s third largest - and a diverse global investor base, with around 45% of investment in ASX-listed companies coming from international investors.
“This shows the widespread confidence that investors have in our market which has meant the ASX is consistently among the world’s leading markets for initial and secondary capital raisings. Our total market capitalisation now stands at $1.5 trillion.”
Innovative cloud provider, NetSuite’s Scott Janney, Senior Director, Strategic Alliances said: “The future has always belonged to those leading companies that best anticipate and meet the needs of their customers. As digital transformation continues to disrupt the foundations needed to operate a successful business today, it opens up new worlds of opportunity for leaders to create the future.
“Every business needs to find new ways to enable innovation. Many are being forced to rethink and redefine their underlying business models to compete, survive and thrive. It is great to see this innovation being showcased in the Technology Fast 50 program and we wish all of the participants the best of luck in their future ventures as they continue along their path to success.”
Observation from the winners circle
Tanchel said: “One of the exciting trends this year is that Australia’s top 50 fastest growing technology companies are becoming more mature, with many operating for more than seven years, and 26 previously ranked in our winners’ lists. This year’s Leadership Award winners, those Australian tech companies with high revenue growth that have managed both economic and business expansion challenges, clearly demonstrate this.
The top three Leadership Award winners are:
- AussieCommerce Group, one of Australia’s largest e-commerce groups founded in Victoria in 2010, now has almost 400 employees globally and turned over more than $210m in FY15
- Amaysim, Australia’s fourth largest independent mobile services provider, placed third in the 2014 Tech Fast 50 Leadership category, now has 700,000 subscribers since launching in NSW in 2010, and a sales network of more than 12,000 physical outlets.
- Nimble – the Queensland-based listed fintech, was built by self-described ‘tech-loving geeks’ who ‘imagined the simplest, fastest, most stress-free way to safely borrow money!’ Nimble lends from $100 to $5,000 on flexible repayment schedules set up by the borrower.
Rising Stars on the other hand are high-growth nominating companies that don’t qualify for the TechFast 50 list as they have less than three years existing revenue. “They are our rising stars,” said Tanchel.
The top three Rising Stars are NSW based:
- Plutora is a risk managing software company with 4539% growth. Its Enterprise Release Management solutions are aimed at assisting organisations collaborate across silos with a shared, detailed understanding of the enterprise release processes and interdependencies.
- Oncosil Medical is an ASX listed Australian life sciences company aimed at providing new technologies for safer and more effective ways to deliver radiation therapy to cancer patient's tumours having achieved 3094% growth.
- Open Agent is in the real estate business. It offers a unique service that compares and ranks more than 30,000 active real estate agents in Australia through an algorithm using more than two million sales transactions and 15,000 customer reviews to power its rankings.
NB: For a full list of winners and further information on the Deloitte Technology Fast 50 Australia program, go to www.tech50.com.au and use #TechFast50au on social media.
NB: While Deloitte has existing relationships with some of the entities on the list, this does not influence or affect the outcome of the final Technology Fast 50 list, which is judged on percentage revenue growth.
Technology companies are invited to self-nominate for the Deloitte Australia Technology Fast 50 list via our website. Financial data about the top 50 companies is provided by the entrants gathered via an online survey tool and is cross-checked using each company’s financial information which is verified by their accountants or a registered auditor.
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