Dunedin tech businesses on Pacific Fast 500 index

Two Dunedin companies — Timely Ltd and Pacific Edge — made it through to the Deloitte Asia 2017 Pacific Technology Fast 500 index.

They were among 45 New Zealand technology companies which were included in the Fast 500, marking the first time in the past four years the total of Kiwi companies on the regional index had fallen below 50.Timely was ranked at 141 and Pacific Edge at 171.

The index, announced in Hong Kong on Monday, ranked the top 500 technology businesses according to their revenue growth over the past three years, setting the standard for high-growth technology businesses in the Asia-Pacific Region.

Deloitte Private partner Darren Johnson said Chinese live-streaming platform Wuhan Douyu Network Technology led the index this year. Australian online disability support platform Hireup came second.

Leading the list of New Zealand businesses was Auckland digital marketing company Firefly Search at 17. The second- and third-highest ranked Kiwi companies were digital money lender Moola.co.nz and mobile payment company Pushpay which came in at 49 and 56 respectively.

Ten New Zealand technology companies were placed in the top one-third of the index and five were in the top 100, he said.

Although the number of Kiwi companies at 45 was down on this year, the total was similar to regional "heavyweights" South Korea (43), Japan (46) and India (53).

China again topped the index with 119, followed by Taiwan (101) and Australia (90).

Representation on the index this year  showed Kiwi technology companies made an impact on the world stage.

As seen in the Deloitte Fast 50 last month, many New Zealand companies had embraced disruptive technologies and many were in business to help other companies better navigate those technological changes.

Auckland had 21 companies on the Fast 500 index, Wellington had 15, Christchurch three, Dunedin and Hamilton had two and there was one each from Gisborne and New Plymouth.

Add a Comment

 

Advertisement

postanote_header_620_x_80.png

postanote_620_x_25.jpg