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, 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 1,818 percent growth.
The growing company 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 percent of the entire Asia Pacific index for the second straight year, is continued evidence that our technology companies are thriving on the world stage,” Johnson adds.
“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.
Regionally speaking, in 2015 Deloitte Technology Fast 500 Asia Pacific index, 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 annual growth of 8,516 percent and becomes 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 percent this year, up from last year’s 405 percent average with the Software sector seeing a substantial increase this year of 35 companies to 181 and yet again leads the industry sectors for the third year in a row.
In addition, 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 while life Sciences which includes biotech, pharmaceutical and medical devices saw an increase this year to 42 companies up from 33 in 2014.
For the full Deloitte Technology Fast 500 Asia Pacific 2015 index click here