Deloitte Technology Fast 500 Asia Pacific 2008
Average revenue growth rate across all 500 fastest-growing technology companies in Asia Pacific reached 707 per cent over the period, the highest level of growth since Deloitte started its rankings in 2002. The most prevalent industry sectors were software (139 of the 500 companies), semiconductors/components/electronics (127) and telecommunications/networking (85).
In terms of geography, the rankings were dominated by Taiwan (112 companies out of the 500), South Korea (100) and India (76). Malaysia had 12 companies in the Fast 500. The growth rate for the top five firms more than doubled over figures of 2007 and mainland China occupies an increasingly important position in the rankings, with six companies ranked among the 10 fastest growing companies. Two companies from Taiwan and two from South Korea rounded out the top 10.
About the winners
The overall top-ranked company was the Taiwanese company ILITEK, founded in 2004. It provides semiconductor products for its clients’ applications across the technology sector including for mobile phones, MP3 players, PDAs, and gaming machines. ILITEK experienced phenomenal growth of 93,758% in the rankings period. The top five Malaysian winners were:
| Rank | Company | Growth |
| 119 | Pulse Group PLC | 423.27% |
| 184 | Everest Web Sdn Bhd | 295.76% |
| 186 | N2N Connect Berhad | 295.29% |
| 193 | Kreateevee Sdn Bhd | 281.05% |
| 203 | Bsmart Technology Sdn Bhd | 271.76% |
Business locations of the Deloitte Technology Fast 500 Asia Pacific 2008 ranked companies were as follows:
- Taiwan (112)
- Korea (100)
- India (76)
- China (72)
- Japan (49)
- Australia (45)
- New Zealand (31)
- Malaysia (12)
- Singapore (3)
CEO survey highlights
A record 289 CEOs from the 500 winning companies were interviewed to find out how they are maintaining high levels of growth in today’s economy. While the main purpose of the survey is to gain a better understanding of how the companies achieve their incredible growth, it also serves as a report on the various opportunities, ambitions, challenges and threats faced by technology leaders in the region.
Some of the key findings of the survey are:
- 67% will increase their focus on the Asia Pacific market
- The biggest threat to growth is financial pressure, limited access to capital and deflationary pressures—rising from 15% in 2007 to 35% in 2008
- 65% say their investment plans remain unaffected by conditions on the credit market
For further information about the Asia Pacific Technology Fast 500 program, email mytechfast500ap@deloitte.com.
