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Deloitte Technology Fast 500 Asia Pacific 2010

Deloitte announces 2010 ranking of 500 fastest growing tech firms in Asia Pacific

  • Taiwan-based Giga Solar Materials ranks No. 1 with 24,694% revenue growth
  • MOL Access Portal Bhd leads Malaysian winners with ranking of 23out of 500  
  • China, dominates Green Tech sector and overall Fast 500 ranking

 

Kuala Lumpur, December 22, 2010 – 15 Malaysian companies were heralded as Asia Pacific’s fastest growing technology companies in the 2010 Deloitte Technology Fast 500 Asia Pacific ranking, one of the region’s most comprehensive and respected ranking of fast-growing technology companies, in a gala award ceremony held in Hong Kong recently.

Internet company MOL Access Portal Bhd, led the Malaysian winners with a rank position of 23, thanks to 1,181.500 percent revenue growth in the last three years.  Software company Orenda Sdn Bhd closely followed with a rank position of 54 following a 629.335 percentage growth rate since 2007.

Deloitte Malaysia Country Managing Partner, Tan Theng Hooi noted, ‘The Malaysian participants are continuing to make a mark in these Asia Pacific rankings in the face of challenges by companies from major competitive markets such as China and India’.

Out of the 15 Malaysian winners, four companies were among the Top 100 Asia Pacific companies to enjoy rapid revenue growth over the past three years, with 7 of these companies from the Software industry. Two of the winning Malaysian companies, iDimension MSC Sdn Bhd and Kreateevee Sdn Bhd also featured as winners in last year’s ranking.

Taiwan-based Giga Solar Material, which manufactures components for solar cells, topped this year’s ranking with 24,694 percent growth rate in the last three years. China, however, dominated the Green Tech sector category, and this year surpassed Taiwan as the country with the most number of fast growing technology firms in the region.

“Green technology and economic growth are inextricably linked. Many firms in Asia Pacific are taking the lead to control and produce proprietary green technology, and we’re seeing their economic influence on the industry’s growth,” says Yoshitaka Asaeda, Partner in charge, Deloitte Technology Fast 500 Asia Pacific program.

The Deloitte Tech Fast 500 Asia Pacific ranking is in a league of its own.  The ranking, which has been running for 9 consecutive years, is a global platform for measuring, recognising and analysing growth of the fastest-growing technology companies in the region.  Five hundred companies are ranked according to revenue growth rates over the past three years,  and in order to be eligible for nomination, companies must have base-year operating revenues of at least USD50,000.

Revenue Growth Trends

Revenue growth across the Fast 500 ranked firms grew 374 percent this year, buoyed by demand for Green Tech as well as the economic rebound in the region.

Together, the Top Five firms generated an average revenue growth of 10,338 percent over three years, which is up 13 percent from the 8,980 percent average revenue growth last year.  Meanwhile, revenue growth across the Top 10 firms was 6,300 percent this year.

As in previous years, the majority of ranked companies, 345 firms, have final year revenues of around US$50 million. Another 148 firms have final year revenues of between US$50 million to US$1 billion, while seven companies have recorded more than US$1 billion in final year revenues.

 

Geographic Trends

 

China dominated the Fast 500 rankings this year, and surpasses Taiwan as the country with the largest number of fast growing tech firms this year. China had 147 firms in the Top 500, from 97 firms in 2009 and 72 in 2008. Taiwan, which has ruled the Top 500 in the last two years, now has 86 firms in the ranking.

 

China dominated the Green Tech sector with 15 firms, or 57 percent of the total 26 Green Tech firms in the Technology Fast 500 Asia Pacific. China also topped several other sectors, including Software, Telecommunications and Networking, Biotech, Pharmaceutical and Medical Equipment and Media and Entertainment.

Half of the companies in the Top 20 are from China, while three are from Taiwan. Two are from India, New Zealand and Australia, and one from Japan. Seven of the firms in the Top 20 are from Internet companies.

 

Sector Trends

 

For the fourth year in a row, Software outranked all other sectors, with 145 firms in the Technology Fast 500, a decrease from 163 companies in 2009, and no software companies ranked in the Top 20.

 

At nearly half of that number, the Semiconductor, Components and Electronics sector placed second with 77 firms, similar to last year’s 76 firms. The sector also boasts the wining company, Giga Solar Materials.

 

Internet companies slipped back to third place with 75 firms, three less than 2009, but more Internet companies made it to the Top 10 list this year.

 

The Green Tech sector had 26 companies, similar to 2009, when this new sector was first included in the Fast 500 ranking.

 

Private and Public

 

Of the Technology Fast 500, nearly 60 percent or 298 firms are privately owned, while 40 percent or 202 firms are publicly listed. The number of private firms increased slightly this year from 291 firms in 2009.

 

Top 10 Ranking

#

Company

Location

Sector

3-Year Revenue Growth %

1

Giga Solar Materials Corp

Taiwan

Semiconductors (For Green Tech)

24,694

2

Vocus Communications

Australia

Internet

11,306

3

China United Cleaning Technology

China

Green Tech

7,744

4

GREE Inc

Japan

Internet

4,201

5

Guodian United Power Technology

China

Green Tech

3,738

6

AdChina Ltd

China

Media and Entertainment

2,744

7

Beijing LOIT Technology

China

Telecommunications/Networking

2,515

8

Xero Ltd

New Zealand

Internet

2,250

9

Hotels Combined Pty Limited

Australia

Internet

1,926

10

Microview Technology Corp

Taiwan

Semiconductors

1,877

 

The full list of Technology Fast 500 Asia Pacific 2010 ranked companies as well as additional details about the nomination and the eligibility criteria of the Deloitte’s Technology Fast 500 program can be found on www.deloitte.com/fast500asiapac.

 

Malaysian Companies Ranking:

 

Company

Rank

Sector

3-Year Revenue Growth %

MOL AccessPortal Berhad

23

Internet

1,181.500

Orenda Sdn Bhd

54

Software

629.335

Forest Interactive Sdn Bhd

79

Telecommunications/Networking

401.249

iDimension MSC Sdn Bhd*

95

Software

338.951

Green Web Sdn Bhd

208

Telecommunications/Networking

179.840

Tricubes Berhad

253

Computers/Peripherals

158.383

Kreateevee Sdn Bhd*

271

Software

148.024

Shinjiru Technology Sdn Bhd

299

Internet

135.838

MyEG Services Berhad

354

Internet

105.965

Sedania Corp Sdn Bhd

382

Software

97.129

Aemulus Corp Berhad

394

Semiconductors, Components & Electronics

91.279

MNC Wireless Berhad

403

Telecommunications/Networking

87.532

CBS MSC Sdn Bhd

426

Software

78.656

TechnoDex Solutions Sdn Bhd

429

Software

77.644

Stampede Solution Sdn Bhd

473

Software

68.946

 

* Previous year’s winner

 

Related: Tech CEOs Forecast Next 12 Months in Annual Deloitte Survey

 

Released by Deloitte the Technology Fast 500 Asia Pacific 2010 CEO survey discussed their growth experience and challenges and forecast their company’s journey into the future. The survey results can be found on www.deloitte.com/fast500asiapac.

 

About the DTTL Global Technology, Media & Telecommunications Industry Group

 

The Deloitte Touche Tohmatsu Limited (DTTL) Global Technology, Media & Telecommunications (TMT) Industry Group consists of TMT practices organised in the various member firms of DTTL. It includes more than 7,000 member firm partners and professionals from around the world dedicated to helping their clients evaluate complex issues, develop fresh approaches to problems and implement practical solutions. There are dedicated TMT member firm practices in 45 countries in the Americas, EMEA and Asia Pacific.

 

Clients of Deloitte member firms’ TMT practices include:

  • Ninety-two percent of the TMT companies in the Fortune Global 500®.
  • Twenty-one of the 24 largest technology companies worldwide.
  • All seven of the largest global media companies.
  • Twenty-one of the 22 largest telecommunications companies worldwide.

 

About Deloitte

 

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Deloitte global profile

 

Deloitte provides audit, tax, consulting and financial advisory services to public and private clients spanning multiple industries. With a globally connected network of member firms in more than 150 countries, Deloitte brings world-class capabilities and deep local expertise to help clients succeed wherever they operate. Deloitte's approximately 170,000 professionals are committed to becoming the standard of excellence.

 

For more information, please contact:

Mandy Teo

Senior Manager, PR & Communications

Deloitte Malaysia

Phone: 0122803832/ 0377236583

Email: hteo@deloitte.com

 

Or

 

Hill & Knowlton Asia Ltd.

Cherry Velarde/Winnie Pang

Phone: + 852 2894 6205 / + 852 2894 6233

Email: cherry.velarde@hillandknowlton.com.hk  / winnie.pang@hillandknowlton.com.hk

 

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