Story image

NZ high tech companies hold their own against Asian counterparts

08 Dec 2015

New Zealand high growth technology businesses are becoming strong contenders in the Asian region, with the largest ever number of Kiwi companies making it to the 2015 Deloitte Technology Fast 500 Asia Pacific Index.

With 54 companies being chosen, this sets a new record for Kiwi representation and outpaces 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 significant growth of 1,818%.

It is followed by workforce management software company GeoOp and cloud-based retail software platform Vend, which come in 41st and 83rd respectively.

Darren Johnson, Deloitte Private partner, 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 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,” he says.

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.

In terms of the geographical spread, the largest number of companies were 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, on the other hand, 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.

NVIDIA announces Jetson Nano: A US$99 tiny, yet mighty AI computer 
“Jetson Nano makes AI more accessible to everyone, and is supported by the same underlying architecture and software that powers the world's supercomputers.”
Slack doubles down on enterprise key management
EKM adds an extra layer of protection so customers can share conversations, files, and data while still meeting their own risk mitigation requirements.
NVIDIA introduces a new breed of high-performance workstations
“Data science is one of the fastest growing fields of computer science and impacts every industry."
Apple says its new iMacs are "pretty freaking powerful"
The company has chosen the tagline “Pretty. Freaking powerful” as the tagline – and it’s not too hard to see why.
NZ ISPs issue open letter to social media giants to discuss censorship
Content sharing platforms have a duty of care to proactively monitor for harmful content, act expeditiously to remove content which is flagged to them as illegal.
Partnership brings AI maths tutor to NZ schools
“AMY can understand why students make a mistake, and then teach them what they need straight away so they don't get stuck."
Polycom & Plantronics rebrand to Poly, a new UC powerhouse
The name change comes after last year’s Plantronics acquisition of Polycom, a deal that was worth US $2 billion.
Unencrypted Gearbest database leaves over 1.5mil shoppers’ records exposed
Depending on the countries and information requirements, the data could give hackers access to online government portals, banking apps, and health insurance records.