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54 Kiwi companies make the Deloitte Asia Pacific Technology Fast 500

Record number of New Zealand tech firms ranked in the annual index

Fifty-four New Zealand technology companies have been included in the 2015 Deloitte Technology Fast 500 Asia Pacific index, setting a new record for Kiwi representation and outpacing last year’s 51 companies.

The index, announced in Hong Kong today, 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 is Auckland-based transcription service Transcribe Me, ranked 18th on the regional index with an impressive 1,818% growth.  It is followed by workforce management software company GeoOp and cloud-based retail software platform Vend, which come in 41st and 83rd respectively.

Deloitte Private partner Darren Johnson says the 54 companies from New Zealand out-performs regional heavyweights South Korea (50) and Japan (34), and is only one company shy of India (55), on the index.

“This year’s record Kiwi representation, with New Zealand companies accounting for over 10% of the entire Asia Pacific index for the second straight year, is continued evidence that our technology companies are thriving on the world stage,” says Mr Johnson.

“As we saw in the Deloitte Fast 50 unveiled last month, a growing number of Kiwi companies have embraced disruptive technologies; with many in business to help other companies better navigate these technological changes.”

Auckland-based businesses lead the Kiwi contingent on the list with 24 companies represented, while there are 13 from Wellington, six from Hamilton and five from Christchurch.

Other notable results from the 2015 Deloitte Technology Fast 500 Asia Pacific index include:

  • The top-ranked business on this year’s Asia Pacific index is Devsisters, a South Korean global entertainment company that develops and services mobile games and game characters. Based in Seoul, Devsisters achieved an astonishing annual growth of 8,516%.  It is the second year in a row that a South Korean company has been the overall winner.
  • In terms of the geographical spread, the largest number of companies are from China (139), followed by Taiwan (86), Australia (80), India (55), New Zealand (54), South Korea (50), Japan (34), Singapore (1) and Singapore/Hong Kong (1). 
  • Revenue growth across the index averaged 415% this year, up from last year’s 405% average.
  • The Software sector saw a substantial increase this year of 35 companies to 181 and yet again leads the industry sectors for the third year in a row. The sector also includes our overall 2015 winner Devsisters Corp.
  • The Hardware sector remained in second place overall with 100 companies in the top 500, although down by 30 companies from 2014. This marks the third year in a row that the sector has declined.
  • Clean technology saw a large increase and in 2015 has 48 companies represented in the rankings, up from 13 in 2014.
  • Life Sciences which includes biotech, pharmaceutical and medical devices saw an increase this year to 42 companies up from 33 in 2014.
  • The Media (87) and Communications (42) industries both saw a decrease this year.

For the full Deloitte Technology Fast 500 Asia Pacific 2015 index, go to www.deloitte.com/fast500asiapacific.  

New Zealand companies on the 2015 Deloitte Technology Fast 500 Asia Pacific index

Ranking

Company

Revenue growth %

Location

18

Transcribe Me

1818%

Auckland

41

GeoOp

935%

Auckland

83

Vend

504%

Auckland

102

Uprise Digital

432%

Wellington

113

Ultrafast Fibre

385%

Hamilton

122

Cobra Labs

349%

New Plymouth

128

Ecommistry

321%

Bay of Islands

132

Last Season

308%

Hamilton

149

Bookme

278%

Whangarei

152

Little Giant Design

275%

Auckland

155

Smartrak

270%

Hamilton

158

FlexiTime

269%

Wellington

163

Pure SEO

258%

Auckland

166

Friday Solutions

254%

Auckland

171

Unleashed Software

245%

Auckland

176

Educa

237%

Wellington

179

Spotlight Reporting

233%

Wellington

187

90 Seconds

223%

Auckland

188

Xero

223%

Wellington

194

Portland Software Services

220%

Auckland

206

Customer Monitor

208%

Auckland

207

Webscope

208%

Auckland

215

Touchtech

201%

Wellington

217

Socialites

198%

Auckland

225

Rubber Monkey

194%

Wellington

228

Truckload

191%

New Plymouth

240

Vibe Communications

186%

Auckland

251

Eroad

183%

Auckland

280

Aura Information Security

164%

Wellington

304

Volpara Solutions

151%

Wellington

313

I Love Ugly

145%

Auckland

315

Meta Solutions

145%

Christchurch

324

Onceit Limited

141%

Auckland

349

Optimal Product

128%

Wellington

355

Creative Business Solutions

126%

Auckland

357

Straker Translations

126%

Auckland

368

SMTP2GO

123%

Christchurch

388

Syrp

116%

Auckland

390

Serko

116%

Auckland

408

Graham Strategic

111%

Wellington

415

TheCloud

108%

Hamilton

424

Kiwa Digital

106%

Auckland

425

Metro Marketing

105%

Tauranga

444

The I.T. Team

99%

Christchurch

453

Voyager Internet

96%

Auckland

458

Magiq Software

94%

Napier

461

Trineo

94%

Christchurch

462

Silverstripe

94%

Wellington

465

Promapp Solutions

93%

Auckland

468

Experience Networks

92%

Wellington

470

Webranz

92%

Auckland

472

Mint Design

91%

Christchurch

476

Enlighten Designs

89%

Hamilton

491

Archery Direct

87%

Hamilton

 

About the Technology Fast 500 Asia Pacific

The Deloitte Technology Fast 500 is the pre-eminent technology awards programme in Asia Pacific, and now in its fourteenth year, it includes eight Asia Pacific locations: Australia; China (including Hong Kong); India; Japan; South Korea; 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, and are leaders in hardware, software, telecom, semiconductors, life sciences and emerging areas, such as clean technology. These companies are transforming the way we do business today.

Contact:
Matt Huntington
Deloitte New Zealand
Communications Manager
04 470 3771
mhuntington@deloitte.co.nz

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