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51 NZ companies among 500 fastest growing in Asia Pacific

Friday 11 Dec 2009 9:10 a.m.

A record 51 New Zealand companies have been ranked among the top 500 fastest growing companies in Asia Pacific.

The Deloitte Technology Fast 500 Awards, which ranks companies based on percentage revenue growth from 2006 to 2008, were announced today in Hong Kong.

Computer company Next Window was the highest ranking New Zealand company at 27.

Sixteen of the companies from New Zealand were based in Auckland, 16 in Wellington, 10 from Canterbury, six from Waikato, and three from Otago.

Last year 31 New Zealand companies featured in the top 500, 38 in 2007, and 31 in 2006.

John Bell, who leads Deloitte NZ's technology, media & telecommunications practice, said New Zealand was "punching well above its weight".

"These 51 New Zealand companies have done extraordinarily well, and their success flies in the face of much of the negative sentiment that we have heard from many quarters -- I think it is important that we acknowledge there are some outstanding Kiwi businesses that have proven to be recession-proof and recession busters.

"In our experience, these are often led by people that have stuck to the basics and got the fundamentals of their business in order."

Taiwan had 99 companies out of the 500, China 97, India 71, South Korea 66 and Australia 60.

The overall top-ranked company was Chinese internet firm Vancl, a direct marketing online clothes retailer, which grew 29,577 percent.

  
New Zealand companies in the top 100
 
 

   Rank             Company                              Growth (percent)                    Industry

   27                 NextWindow                           829                                        Computers & peripherals

   37                 Telesmart                                726                                        Telecommunications/networking

   40                 Sonar6                                     704                                         Internet

   50                 TracMap NZ                            561                                         Computers & peripherals

   80                 Geneious                               430                                          Software

   85                 ASR                                         417                                           Software

   94                 AMG Agency                           385                                           Media & entertainment

   99                 Assurity Consulting              355                                            Software

   NZPA

 

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