Australian Tech Fast 50 winner Hireup
Secures second place on Asia Pacific Tech Fast 500
Overall, 90 Australian companies feature in the Tech Fast 500, the highest in the last 13 years and third only to China (119) and Taiwan (101) - who have almost doubled their number of entries since 2016. Australian companies feature strongly at the top, making up 30 percent (6) of the top twenty growth companies.
As has been the trend for the past five years in the Tech Fast 500, software continues to dominate sector growth. Up from 199 companies last year, the 2017 rankings include 212 software companies in the top 500, accounting for 42 percent of the companies ranked.
Hardware was the second most prevalent sector in this year's rankings, accounting for 18 percent of the Tech Fast 500. Despite this, only one hardware company made it into the top 10 winners, Zero Latency Pty Ltd, an Australian online multi-player virtual reality game.
“The Asia Pacific region offers huge opportunities for Australian growth companies looking to scale up their operations and expand overseas. It is seen by many as a launch pad to the rest of the world so it’s fantastic to see so many Australian companies competing at this level and featuring in the Fast 500,” said Josh Tanchel, Deloitte Australia’s Tech Fast 50 Lead Partner.
”With the low-hanging technology fruit having been well and truly picked in developed Western markets, combined with an emerging middle-class demanding improved customer experiences, the Asia Pacific region is primed for growth companies to make a real impact,” he said.
Deloitte’s announcement today of the 2017 Asia Pacific Technology Fast 500 winners shows revenue growth of the 500 companies continuing to increase year-on-year, with mobile entertainment companies dominating top 10 rankings and Chinese live streaming platform Wuhan Douyu Network Technology Co Ltd taking the top spot.
About Deloitte's Technology Fast 500TM
The Deloitte Technology Fast 500 is the pre-eminent technology awards program in Asia Pacific, and now in its fifteenth year, it includes nine Asia Pacific locations: Australia; China (including Hong Kong); India; Japan; South Korea; Malaysia, New Zealand; Singapore and Taiwan. Combining technological innovation, entrepreneurship and rapid growth, Fast 500 companies — large, small, public, and private — span a variety of industry sectors from software to biotech. Fast 500 companies play in the SaaS, cloud computing, data analytics, and mobile sectors and are transforming the way we do business today.
Click here for a full list of winners and further information on the Deloitte Technology Fast 500 Asia Pacific program and use #Fast500APAC on social media.