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Nominate now for the Deloitte Technology Fast 50 Australia 2011 program


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Wednesday, 25 May 2011: Professional services firm Deloitte recently announced that nominations are open for the Deloitte Technology Fast 50 Australia 2011 program.

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

Previous winners have included; Vocus Communications (2010 winner), an independent wholesale internet transit operator and telecommunications provider, who had record revenue growth of 11,305.60% and Emantra (2009 winner), a private cloud computing internet service provider, with outstanding revenue growth of 1756.3%.

Joshua Tanchel, Deloitte Private Partner and leader of Deloitte’s Technology Fast 50 Program says, “Our program is about picking winners who have recorded high revenue growth and also survived economic challenges. 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.”

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 2011 program and, if selected, these companies are recognised across the Asia Pacific region for their growth achievements.

“In today’s economic times significant challenges remain for many technology companies such as accessing finance, ensuring their top talent are constantly challenged and motivated and executing on global and local growth strategies. Our program gives the winners access to the latest in technology trends through invaluable networking opportunities with other industry experts, as well as increased media profile,” added Mr Tanchel.

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

Eligibility criteria for the Deloitte Technology Fast 50 Australia 2011 program

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 2009;
  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 2011 program.

The Leadership Awards, which are now in their second year of operation, are only granted to companies who have operating revenues in excess of $50 million in 2011. (All other eligibility criteria are the same as the main Technology Fast 50 Australia awards.

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 30 September 2011.

Last Updated: 

Contacts

Name:
Jane Kneebone
Company:
Deloitte Australia
Job Title:
Corporate Affairs & Communications
Phone:
Tel: +61 3 9671 7389, Mobile: +61 416 148 845
Email
jakneebone@deloitte.com.au
Name:
Joshua Tanchel
Company:
Deloitte Private
Job Title:
Partner
Phone:
Tel : +61 2 9322 7258
Email
jtanchel@deloitte.com.au

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