Contact: Jane Kneebone
Corporate Affairs & Communications
Deloitte
Tel: +61 (0) 3 9208 7389
Mobile: 0416 148 845

Professional services firm Deloitte today announced the winners of Australia’s 2008 Deloitte Technology Fast 50 Program. This year’s leading company was ComTel, a listed mobile network operator with record growth of 1302% over the last year. It was the company’s inaugural entry onto the league table.

Now in its eighth year, the program recognises 50 dynamic and fast-growing technology companies that have shown sustained growth over the last three years.

Joshua Tanchel, leader of Deloitte’s technology Fast 50 Program noted that half the index included new entrants and that there were many more software companies than in 2007.

“In 2007, only 14% of entrants were software companies. This year this figure has more than doubled to 38% as we increasingly see innovation driving Australian software development. And it is innovation which is expanding the opportunities for these companies both locally and globally.”

Total revenue for the current Fast 50 winners was $894 million, a decline in total revenue compared with the previous three years. The revenue figure was impacted by more companies having revenue in the $1-20 million categories than in previous years.

“Younger companies, such as software companies, dominate the index highlighting how smaller IT companies can exude growth, confidence and sustainability, even in the current economic climate,” added Mr Tanchel.

The keynote speaker at the Deloitte Technology Fast 50 awards ceremony was David Shein, Chairman of Macromatix, a software developer providing a specialised online management solution that had successfully enabled retailers to better manage their businesses.

Joshua Tanchel
Leader, Deloitte Technology Fast 50 Program
Tel: + 61 (2) 9322 7258