Forty five of the fastest-growing Kiwi tech companies have made it into the annual Deloitte Technology Fast 500 Asia Pacific index, topping last year's 37, with seven of those companies rating spots in the top 100.
Again, New Zealand had by far the highest representation per capita; Wellington businesses led the way with 18 making the cut, 17 from Auckland and five each from Christchurch and Hamilton.
The list, announced in Hong Kong last night, 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.
The top-ranked business was Taiwanese electronics component manufacturer ProCrystal Technology with 10,028 percent growth.
Leading the list of New Zealand's fastest-growing tech businesses was transport technology and services company EROAD, which was ranked 10th on the index with an impressive 2,746 percent growth, followed by online electricity retailer PowerKiwi, which came 18th with 1916 percent growth.
Leader of the New Zealand Fast 50 programme, partner Stephen Nicholas, says that the fact Kiwi businesses make up almost 10 percent of all companies on the Asia Pacific Tech Fast 500 is proof that New Zealanders are among the best technology entrepreneurs in the region.
“The Technology Fast 500 results illustrate that for innovative Kiwi businesses the relatively small size of the New Zealand market is not a barrier to achieving stellar growth. As long as they get their business model right and remain true to their core values, they can compete with the best in the world,” said Nicholas.
“Increased digital connectivity and the cloud have levelled the playing field for companies to achieve growth on a global scale and New Zealand companies are particularly adept at capitalising on this technology.”
The largest number of companies in the Tech 500 came from Taiwan (130), followed by China (103), South Korea (71), Australia (60), and India (55). Revenue growth across the Tech Fast 500 ranked firms was on average 467 percent this year, driven by another year of strong growth in the semiconductor, components and electronics sector.
NZ businesses on the 2012 Deloitte Technology Fast 500 Asia Pacific index by region
PowerKiwi, GreenButton, Midas Infomedia, Snipesoft, Powershop, Xero, Snapper Services, Futurix, Optimal Workshop, LifeDirect, Freeman Media, Optimation New Zealand, Trio Software Developments, Tekron, Aura Information Security, Seekom, Telecom Rentals, Red Witch Analog
EROAD, Konnect Net, 2degrees Mobile, MediaCom, World Wide Access, Tomizone, Gopher, ProjectManager.com, Stellar Consulting Group, SnapComms, KernMobile, Dbvisit Software, 2Talk, Potentia, Derceto, The Sleep Store, ClearPoint.
Shotgun Supplements, Sportsfuel Supplements, SPEED NZ, Reduced to Clear, Quinspread Technologies.
Trineo, NZ Tax Refunds, Flightcell International, ARANZ Geo, SMTP2GO.