Media releases

Forty-five Kiwi companies named on Deloitte Asia Pacific Technology Fast 500 index

  • Chinese live streaming platform Wuhan Douyu takes the top spot
  • Firefly Search is the top New Zealand company, coming in 17th place

Forty-five New Zealand technology companies have been included in the 2017 Deloitte Technology Fast 500 Asia Pacific index, marking the first time in the last four years the total number of Kiwi companies on the regional index has fallen below fifty.

The index, announced in Hong Kong today, ranks the top 500 technology businesses according to their revenue growth over the past three years, setting the standard for high growth technology businesses in the Asia Pacific region.

Chinese live streaming platform Wuhan Douyu Network Technology Co Ltd (Wuhan Douyu) tops this year’s index with an otherworldly 70,776% growth. Australian online disability support platform Hireup comes in second with 7,713% growth.

Leading the list of New Zealand businesses is Auckland-based digital marketing company Firefly Search, ranked 17th on the index with an impressive 2,156% growth. The second and third highest ranked Kiwi companies are digital money lender Moola.co.nz and mobile payment company Pushpay, which come in 49th and 56th respectively.

Ten New Zealand technology companies are placed in the top one-third of the index and five are in the top 100. This is compared to fourteen in the top third and seven in the top 100 in 2016.

While the number of Kiwi companies (45) is down slightly this year, New Zealand’s total is similar to regional heavyweights South Korea (43), Japan (46) and India (53) on the index.

China (119) once again tops the index, followed by Taiwan (101) and Australia (90).

Deloitte Private partner Darren Johnson says the lower total number of New Zealand companies on the index this year should not be a cause for panic.

“The Asia Pacific region continues to be at the forefront of revolutionary digital change and New Zealand is right in the mix. This year’s Kiwi representation on the index is continued evidence that our technology companies are making an impact on the world stage,” says Mr Johnson.

“As we saw in the Deloitte Fast 50, unveiled last month, many 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 with 21 companies represented, while there are 15 from Wellington, 3 from Christchurch, 2 from Hamilton, 2 from Dunedin, and one each from Gisborne and New Plymouth.

Other notable results from the 2017 Deloitte Technology Fast 500 Asia Pacific index include:

  • The top-ranked business on this year’s Asia Pacific index, China based Wuhan Douyu, is a leading live streaming platform backed by Tencent Holdings Ltd. Wuhan Douyu develops and operates Douyutv.com, similar to Amazon owned Twitch, a live game streaming video platform.
  • Apart from China’s dominance of the index, the strength of Taiwan’s technology companies also stood-out this year with 101 companies in the top 500 (up from 57 in 2016). 
  • Revenue growth across the index averaged 600% this year, up 27 percentage points from last year’s 573% average.
  • The software sector continues to dominate. 212 software companies, 42% of the companies ranked, are in the 2017 index. This is up from 199 in 2016.
  • Hardware was the second most prevalent sector in this year's rankings, accounting for 18% of the Technology Fast 500. Despite this, only one hardware company made it into the top ten – Zero Latency Pty Ltd, an Australian online multi-player virtual reality game.

The full list of winners of the 2017 Asia Pacific Technology Fast 500, and details about the nomination and eligibility criteria of the program, can be found on www.deloitte.com/fast500asiapacific.

 

NZ companies on the 2017 Deloitte Technology Fast 500 Asia Pacific index

Rank

Company name

Location

Website

3-YR growth

17

Firefly Search Ltd

Auckland

fireflysearch.co.nz

2156%

49

Moola.co.nz Ltd

Christchurch

moola.co.nz

1013%

56

Pushpay Holdings Ltd

Auckland

pushpay.com

914%

92

The Instillery Group Ltd

Auckland

theinstillery.com

600%

100

StretchSense

Auckland

stretchsense.com

554%

130

API Talent

Wellington

apitalent.co.nz

408%

141

Timely Ltd

Dunedin

gettimely.com

379%

154

90 Seconds

Auckland

90seconds.tv

357%

157

Roam Creative Ltd

Auckland

roamltd.com

354%

159

Shuttlerock Ltd

Auckland

shuttlerock.com

349%

171

Pacific Edge Ltd

Dunedin

pacificedgedx.com

324%

175

FaceMe Ltd

Auckland

faceme.com

317%

181

Somar Design Studios

Wellington

somar.co.nz

307%

189

Spotlight Reporting

Wellington

spotlightreporting.com

300%

190

Rabid Technologies Ltd

Wellington

rabid.co.nz

300%

217

Protempo Ltd

Auckland

protempo.com

242%

220

Teknique Ltd

Auckland

teknique.com

234%

224

Ultrafast Fibre Ltd

Hamilton

ultrafastfibre.co.nz

227%

231

RedShield Security Ltd

Wellington

redshield.co

219%

238

Virsae Group Ltd

Auckland

marketing.virsae.com

212%

240

The Last Pickle Ltd

Wellington

thelastpickle.com

212%

268

ZX Security Ltd

Wellington

zxsecurity.co.nz

195%

276

Modica Group Ltd

Auckland

modicagroup.com

184%

277

WhosOnLocation Ltd

Wellington

whosonlocation.com

184%

301

Mint Design

Christchurch

mintdesign.co.nz

162%

309

Vend Ltd

Auckland

vendhq.com

152%

312

Trineo Ltd

Christchurch

trineo.com

149%

314

Plexure Group Ltd

Auckland

plexure.com

148%

315

Little Giant Design Ltd

Auckland

littlegiant.co.nz

146%

318

Xero Ltd

Wellington

xero.com

144%

319

Triplics Ltd

Auckland

ecoportal.com

144%

322

ExportX International Ltd

Auckland

export-x.com

143%

330

Company-X

Hamilton

companyx.com

138%

331

Isovist Ltd

Wellington

isovist.co.nz

138%

345

Bookme Ltd

Gisborne

bookme.co.nz

122%

349

Unleashed Software

Auckland

unleashedsoftware.com

119%

358

Invenco Group Ltd

Auckland

invenco.com

117%

372

OrbitRemit Global Money Transfer Ltd

Wellington

orbitremit.com

109%

384

Times-7 Research Ltd

Wellington

times-7.com

102%

406

Promapp Solutions Ltd

Auckland

promapp.com

95%

415

Psoda Ltd

Wellington

psoda.com

87%

424

Pure SEO Ltd

Auckland

pureseo.co.nz

83%

464

Optimal Workshop Ltd

Wellington

optimalworkshop.com

65%

471

Tourwriter Ltd

Wellington

tourwriter.com

62%

474

Findatruckload

New Plymouth

findatruckload.co.nz

61%

For further information please contact:

Matt Huntington
External Communications Lead, Deloitte
D: 04 470 3771
M: 021 812 210
mhuntington@deloitte.co.nz

Did you find this useful?