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Deloitte Technology Fast 500 Asia Pacific 2009

Average revenue growth rate across all 500 fastest-growing technology companies in Asia Pacific reached 8,980 percent, significantly lower than last year's record-breaking 30,038 percent but more in keeping with the rates of 2007 (13,849 percent) and 2006 (6,799 percent). Overall, the average percentage growth for the entire 500 ranked companies was 361, about half the rate of 2008. The most prevalent industry sectors were software (162 of the 500 companies), semiconductors/components/electronics (84), and Internet (78).

In terms of geography, the rankings were dominated by Taiwan (99 companies out of the 500), China (97) and India (71). Malaysia had 8 companies in the Fast 500. China made a significant leap into second place this year, for contributions by location—97 Chinese firms joined the ranking compared to 72 in 2008 and 53 in 2007. China supplied nine companies to the top 20 this year, followed by Taiwan with six companies.

About the winners

For the third time, the winning company hailed from China, with newcomer Vancl—a direct marketing B2C online clothes retailer—boasting an extraordinary growth rate of 29,577 percent. Vancl's stellar performance in 2009 clearly skews the top-five average, considering the large gap between it and Taiwan based runner-up High Power Opto Inc at 7,240 percent.

The top five Malaysian winners were:

Rank Company Growth
30 JF Microtechnology Sdn Bhd 808.69%
33 Devices World Sdn Bhd 795.06%
96 Kreateevee Sdn Bhd 373.49%
263 Bsmart Technology Sdn Bhd 169.76%
350 IRIS Corporation Bhd 115.62%


The other Malaysian winners include IDimension MSC Sdn. Bhd. at No.351, Exa Bytes Network Sdn. Bhd. at the 370th spot, and Riskk.com Sdn. Bhd. ranked 473rd.

Business locations of the Deloitte Technology Fast 500 Asia Pacific 2009 ranked companies were as follows:

  • Taiwan (99)
  • China (97)
  • India (71)
  • Korea (66)
  • Australia (60)
  • New Zealand (51)
  • Japan (46)
  • Malaysia (8)
  • Singapore (2)
CEO survey highlights

This year, 230 CEOs gave us a behind-the-scenes peek into how they've continued to achieve high growth rates in a difficult year. What we found was unwavering confidence.

Some of the key findings of the survey are:

  • 30% are setting even more aggressive growth targets
  • 56% are placing an even greater emphasis on organic growth strategies to weather the economic turbulence.
  • 55% are eliminating riskier R&D projects that have less chance of realising a return on investment

For further information about the Asia Pacific Technology Fast 500 programme, email mytechfast500ap@deloitte.com.

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