Menu
IT dominates dollar-growth index

IT dominates dollar-growth index

IT and technology companies make up about a third of those listed in this year’s Deloitte/Unlimited Fast 50 Index, which measures revenue growth.

The result marks a continuing trend of healthy representation, which last year saw the IT sector make up 38 percent of the list, and 28 percent the year before.

IT integrator Cohesive was number two, behind home-heating company HRV. Trade Me came in fourth.

Cohesive was the national Fastest Technology Company winner with revenue growth of 729 percent.

Business development manager Lee Edwards says his company, formed in 1994, has grown exponentially in the last three years.

“We want to be in the top ten again next year. There’s a lot of growth potential to come and it’s quite exciting times for Cohesive.” He says the company will continue to focus on the retail market.

The survey is carried out in 31 nations, and Deloitte partner Brett Chambers says in most countries it only deals with the technology sector.

He says New Zealand has emerged as a “real player” in IT in the six years there has been a local Fast 50.

“We expect IT companies to feature fairly strongly in the index, because they have the ability to leverage their IP fairly quickly. They’ve featured every year except possibly 2002, coming off the dot com burst.”

Mobile and SMS services provider Datasquirt was fifth, followed by distributor Chillisoft which came in 12th.

Chillisoft is eight years old but this is the first time it has been placed on the list. Director Geoff Cossey says it was inspiring to see other successful companies at the awards ceremony held last month.

“We’ve had quite a few emails from people saying congratulations, and just as many from people trying to sell things to us,” he says.

He attributes Chillisoft’s growth to wise product selection and more focused business in recent years.

Other tech firms to feature were wireless network specialists 4RF Communications (14), Observatory Crest (30) and Mako Networks (33).

The revenue of the businesses is measured over two years. For this year's Fast 50 the minimum turnover had to be $250,000 in the first year.


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags unlimitedfast 50

Featured

Slideshows

Meet the leading female front runners of the Kiwi channel

Meet the leading female front runners of the Kiwi channel

Reseller News honoured the leading female front runners of the New Zealand channel at the 2018 Women in ICT Awards (WIICTA) in Auckland. The awards honoured standout individuals across seven categories, spanning Entrepreneur; Innovation; Rising Star; Shining Star; Community; Technical and Achievement.

Meet the leading female front runners of the Kiwi channel
Meet the top performing customer-centric Microsoft channel partners

Meet the top performing customer-centric Microsoft channel partners

Microsoft honoured leading partners across the channel following a year of customer innovation and market growth in New Zealand. The 2018 Microsoft Partner Awards recognised excellence within the context of the end-user, spanning a host of emerging and established providers.

Meet the top performing customer-centric Microsoft channel partners
Reseller News launches new-look Awards at 2018 Judges’ Lunch

Reseller News launches new-look Awards at 2018 Judges’ Lunch

Introducing the Reseller News Innovation Awards, launched to the channel at the 2018 Judges’ Lunch in Auckland. With more than 70 judges now part of the voting panel, the new-look awards will reflect the changing dynamics of the channel, recognising excellence across customer value and innovation - spanning start-ups, partners, distributors and vendors.

Reseller News launches new-look Awards at 2018 Judges’ Lunch
Show Comments