Powershop last night picked up its prize as the top Kiwi contender in the Deloitte Technology Fast 500 Asia Pacific index.
Led by the online electricity retailer, 37 New Zealand companies were among those acknowledged as being among the region’s fastest growing companies in the 2011 edition.
The Technology Fast 500 ranks the fastest growing tech companies in the Asia-Pacific region based on percentage of revenue growth over the three years from 2009 to 2011.
The top firm was The Store Corporation (Yihaodian), a Chinese e-commerce company, followed by South Korean semiconductor device manufacturer Silicon Mitus; China's Tendyron, in the business of information security; Mbaobao, which designs, produces and distributes bags and accessories in China, and the previous top performer, Taiwan's Giga Solar Materials Corp, which offers a line of thick film-metallisation pastes specifically designed for use in the construction of photovoltaic solar cells.
Ranked sixth was Powershop with 5,280 percent three-year growth and 2degrees at seventh with 3,761 percent growth.
Powershop and 2degrees were also the first and second ranked businesses on the New Zealand Deloitte Fast 50, announced in November.
The top five companies' growth was slightly slower than the previous year, with a combined three-year revenue growth of just over 9,910 percent, down from 10,338 percent in 2010, but still up on 2009’s 8,980 percent. Overall, across all of the 500 high- growth companies, the year still showed growth of almost 476 percent, a considerable increase on 2010’s 374 percent and 2009’s 361 percent.
Seven of the companies in the Top 20 hail from Taiwan and eight were semiconductors, components and electronics firms.
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