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.
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