Forty-five New Zealand technology companies have been included in the 2017 Deloitte Technology Fast 500 Asia Pacific index, with a range of established and emerging channel partners dominating the list.
The index, announced in Hong Kong, ranks the top 500 technology businesses according to 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 70,776 per cent growth, with Australian online disability support platform Hireup coming in second with 7,713 per cent growth.
Leading the list of New Zealand businesses is Auckland-based digital marketing company Firefly Search, ranked 17th on the index with 2,156 per cent 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.
Also flying the Kiwi flag for technology growth and innovation are The Instillery (92 - 600 per cent) and StretchSense (100 - 554 per cent); alongside API Talent (130 - 408 per cent) and Timely (141 - 379 per cent).
Other notable players included Rabid Technologies (190 - 300 per cent); Ultrafast Fibre (224 - 227 per cent) and RedShield Security (231 - 219 per cent), as well as Virsae (238 - 212 per cent), ZX Security (268 - 195 per cent) and Vend (309 - 152 per cent).
In addition, Plexure Group (314 - 148 per cent) and Xero (318 - 144 per cent) featured, followed by Company-X (330 - 138 per cent); Unleashed Software (349 - 119 per cent); Promapp Solutions (406 - 95 per cent) and Psoda (415 - 87 per cent).
Logistically, ten New Zealand technology companies are placed in the top one-third of the index and five are in the top 100, compared to fourteen in the top third and seven in the top 100 in 2016.
According to Deloitte, 2017 marks the first time in the last four years that the total number of Kiwi companies on the regional index has fallen below fifty.
But 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.
Geographically, China (119) once again tops the index, followed by Taiwan (101) and Australia (90).
Deloitte Private partner Darren Johnson said the lower total number of New Zealand companies on the index this year should not be a cause for panic however.
“The Asia Pacific region continues to be at the forefront of revolutionary digital change and New Zealand is right in the mix,” Johnson added.
“This year’s Kiwi representation on the index is continued evidence that our technology companies are making an impact on the world stage.
“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, three from Christchurch, two from Hamilton, two from Dunedin, and one each from Gisborne and New Plymouth.
Collectively, revenue growth across the index averaged 600 per cent this year, up 27 percentage points from last year’s 573 per cent average.
Specific to technology, the software sector continues to dominate with 212 software companies, 42 per cent of the companies ranked, placed in the 2017 index - up from 199 in 2016.
Meanwhile, hardware was the second most prevalent sector in this year's rankings, accounting for 18 per cent 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.
For the full list of winners of the 2017 Asia Pacific Technology Fast 500, click here