The Technology Fast 50 Hall of Fame |
Newcomer ComTel wins Deloitte 2008 Technology Fast 50
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.
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2007 Deloitte Technology Fast 50 Australia
Mobile content and applications provider, Mobile Data Group easily rode to the top of the Deloitte Technology Fast 50 league table, with phenomenal revenue growth of 10,237%. The company’s performance was only previously surpassed by Bill Express who topped both the Australian Fast 50 and the Asia Pacific Fast 500 in 2004.
This year the fastest growing companies in the Deloitte Technology Fast 50 were mobile content and wireless service. For the third consecutive year, internet based companies dominated the field with 44% of the 2007 Technology Fast 50 engaged in internet based businesses.
This year the average total revenue of Deloitte Technology Fast 50 participants was smaller. Deloitte Partner, Julia Bickerstaff noted that “total revenue fell to $903m, less than half the previous year’s average total revenues.
However this decline really underlines the changing type of companies in the Fast 50, with this year’s table dominated by younger companies in newer industry segments." The Fast 50 benchmarking survey this year highlighted a dramatic increase in the number of companies seeking business opportunities outside of Australia.
The 2007 Rising Star Award was won by Amethon Solutions (Asia Pacific) Pty Limited. Amethon Solutions is a private Australian company specialising in mobile analytics solutions for the telecommunications industry. The company’s innovative products and solutions enable mobile operators and content providers to leverage the value of mobile content by managing, monitoring, measuring and monetising mobile content traffic.
2006 Deloitte Technology Fast 50 Australia
In 2006, the results were so strong, that the top 70 Australian companies nominated would be included in the ranking of the Deloitte 500 fastest growing companies in the Asia Pacific region.
The Deloitte Technology Fast 50 2006 saw the strongest ever results recorded in Australia since the index began in 2001.
The winner, Unwired, is based in Sydney and makes its debut in the Fast 50 this year. Unwired is an Australian public company building a nationwide, fixed wireless telecommunications network that will carry internet and voice services.
We were pleased to congratulate Hitwise Pty Ltd (Hitwise) and Seek Limited (Seek) as they marked their fifth consecutive appearance in the Deloitte Fast 50.
The winner of the Rising Star award was B-free Pty Ltd (B-free), an exciting new software company based in Southport, Queensland. B-free has developed an innovative software package for use by small businesses and individuals which cleverly links online banking software to an accounting package, automating money management and virtually eliminating data entry.
2005 Deloitte Technology Fast 50
For the first year the majority of the companies come from the internet sector, including a number of online businesses which are helping to restore faith in the ‘dot.com’ brand.
With a growth rate of 2,410 percent the overall winner of the Deloitte Technology Fast 50 is People Telecom. Its success is testament to the impact of the convergence of voice and data over the last year. People Telecom has been in the list for two consecutive years and has now grown its revenues to over $100 million in five years.
Congratulations also go to the winner of the rising star award this year MGM Wireless which has harnessed SMS technology to create a product which helps to improve educational outcomes for children.
2004 Deloitte Technology Fast 50
The average three-year revenue growth of this year’s Deloitte Technology Fast 50 winners was an impressive 1383%, with combined 2003 revenues for the companies exceeding $1.1 billion, clearly underlining the economic contribution of these rapidly growing companies.
Topping the Deloitte Technology Fast 50 Australia and Fast 500 Asia Pacific in 2004, Bill Express (Dial Time Pty Ltd) utilises its national payment network throughout Australia to allow individuals to pay bills in-person at any participating newsagency.
The company listed on the ASX in October 2004 and for the financial year ended 30 June 2007 reported revenue in excess of $1b. Bill Express continued to featured in the Deloitte Technology Fast 50 Australia again in 2005 (15th) and 2006 (46th), as well as the Deloitte Technology Fast 500 Asia Pacific from 2005–2007.
2003 Deloitte Technology Fast 50
2002 Deloitte Technology Fast 50
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