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Have you got what it takes to be one of Australia’s Fast 50 technology companies?

Nominate now for the Deloitte Technology Fast 50 Australia 2013 program


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5 August 2013: Professional services firm Deloitte has again thrown down the gauntlet to Australia’s fast growth technology sector, asking them to nominate themselves for the annual Technology Fast 50 program.

Now in its 13th year, Technology Fast 50 continues to recognise and profile Australian companies, public or private, who have achieved the fastest rates of annual revenue growth (based on percentage revenue growth over the last three years).

Joshua Tanchel, Deloitte Private Partner and leader of Deloitte’s Technology Fast 50 Program said:   “Each year the Fast50 program is about picking winners who have recorded high revenue growth and also survived economic and business expansion challenges.  Last year internet companies dominated and undoubtedly that will continue as social, mobile and local digital engagement continues to be the focus of businesses and consumers alike.”

“We’re expecting to see some impressive growth from sectors where there is a high level of transformation such as energy, biotech, health and education this year. Agile and dynamic technology companies operating in these markets are taking advantage of the disruption occurring, to accelerate their growth.”

Previous winners have included; brandsExclusive (2012 winner) one of the fastest growing fashion websites in the country, with record revenue growth of 1,335.1% over the last three years, Anittel (2011 winner), an IT and telecommunications service provider that acquired and integrated ten firms in a year to create a national service network of 17 offices; Vocus Communications (2010 winner), an independent wholesale Internet transit operator and telecommunications provider, who had record revenue growth of 11,305.60%.

Mr Tanchel continued, “We reward technology companies who have grown their business during uncertain times and this often requires innovative methods to set them apart and a strong will to succeed.”

For the second year, UK Trade & Investment (UKTI), the British Government’s international business development organisation, is the lead sponsor of the Deloitte Technology Fast 50.

Nick McInnes, Director General of UK Trade & Investment in Australia said: “Over 1,500 Australian companies already have a presence in the UK and more than 50 expand their presence there every year. Tech companies in particular head to Britain to take advantage of the world’s most internet-connected economy, one where global deals are done every day and top talent in ICT, banking, law and insurance is readily available. I’m very much looking forward to meeting the top companies this year and we stand ready to help them expand to the UK and the world.”

The Technology Fast 50 winners, who are announced in November, receive exposure and recognition from key technology media and industry colleagues and also become part of an exclusive network of high performing technology companies.

The program is supported by forums, events, newsletters and seminars- available to all entrants - which will continue to help their businesses grow. Program entrants are also considered for the regional Deloitte Technology Fast 500 Asia Pacific 2013 program and, if selected, these companies are recognised across the Asia Pacific region for their growth achievements.

Eligibility criteria for the Deloitte Technology Fast 50 Australia 2013 program

The program includes all related industry sectors: Internet, communications, software, semiconductors, components and electronics, life sciences and computer peripherals.

Winners are selected based on percentage revenue growth over three years and must meet the following criteria:

  1. The company must have been in business for a minimum of three years;
  2. The company must be considered a technology company, which is defined as:
    • producing technology
    • manufacturing technology-related products
    • be technology intensive, or use unique technology to solve problems
    • devoting a high percentage of effort to technology R&D;
  3. The parent company must be Australian owned and have its headquarters in Australia (subsidiaries of multinational organisations do not qualify);
  4. Operating revenues must be at least $50,000 for FYE 2011.
  5. Must have total cumulative operating revenues of $8 million during the last three operating years.

Note: Companies with operating revenues of less than $8 million during the last three operating years may still qualify for the regional Deloitte Technology Fast 500 Asia Pacific 2013 program and the Rising Stars Award.

The Leadership Awards, which are now in their fourth year of operation, are only granted to companies who have operating revenues in excess of $50 million in FY13. (All other eligibility criteria are the same as the main Technology Fast 50 Australia awards).

The Rising Star Awards recognise high-growth companies which do not qualify for the Technology Fast 50, either as a result of having less than three years’ existing revenue data or not meeting the $8 million three-year cumulative revenue eligibility requirement of the Technology Fast 50 program.

The Deloitte Technology Fast 50 Australia program is part of a global program run in parallel with the United States, Canada, United Kingdom, France, Norway, Sweden, The Netherlands, Germany, Central Europe, Israel, South Africa, China, Hong Kong, India, Japan, Korea, Malaysia, New Zealand, Singapore, Taiwan and Thailand.

For more information about this year’s program (including nomination criteria, nomination process, key dates and other information), please visit www.tech50.com.au and fill out the nomination form. Nominations close 27 September 2013.

See our media releases and research at www.deloitte.com.au.

Follow us on Twitter @techfast50au #Fast50

Last Updated: 

Contacts

Name:
Joshua Tanchel
Company:
Deloitte Private
Job Title:
Partner
Phone:
Tel : +61 2 9322 7258
Email
jtanchel@deloitte.com.au
Name:
Johnny Sollitt-Davis
Company:
Deloitte Australia
Job Title:
Corporate Affairs & Communications
Phone:
Tel: +61 3 9671 6177, Mobile: 0431 134 850
Email
jsollittdavis@deloitte.com.au

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