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Malaysian companies continue to make their mark

17 fast-rising companies prove the 'Malaysia Boleh' spirit

Petaling Jaya, 31 December 2007 - 17 Malaysian companies were heralded as Asia Pacific’s fastest growing technology companies in the 2007 Deloitte Technology Fast 500 Asia Pacific ranking, the region’s most comprehensive and respected ranking of fast-growing technology companies, in a gala award ceremony held in Hong Kong recently.

Ranking of the fast-growing public and private companies from Australia, China (including Hong Kong), India, Japan, South Korea, Malaysia, New Zealand, Singapore, Taiwan and Thailand were based on a three-year average percentage for revenue growth. Out of 17, four Malaysian companies were among the Top 100 Asia Pacific companies to enjoy rapid revenue growth over the three years.

Deloitte Malaysia Managing Partner, Ahmad Mustapha Ghazali noted, “The Malaysian participants are holding their own in these Asia Pacific rankings in the face of challenges by companies from burgeoning economies such as India and China.”

Extol MSC Berhad led the field at number 53, with recorded three-year average revenue growth of 823.76 per cent, followed closely by VADS e-Services Sdn Bhd (54), with growth of 800.48 per cent.

“We are proud to lead the field of Malaysian companies in this prestigious award. We hope to continue this success in next year’s ranking,” said Extol MSC Berhad Chief Executive Officer, Justin Tan.

Communication and networking company, RedHot Media Sdn Bhd was ranked 93rd with growth of 483.68 per cent. Green Packet Berhad, which was a previous winner, ranked 99th this year. 

“The competition is getting tougher each year but we are proud to have won again and this is proof that our momentum has not slowed. Winning twice in a row has given us greater understanding of the process especially as the awards help us identify the areas in our operation that require fine tuning,” said Puan Chan Cheong, Group Managing Director and Chief Executive Officer for Green Packet Malaysia. 

The sole representative in Biotechnology/Pharmaceutical sector, StemLife Berhad, did Malaysia proud with a ranking of number 148.

Managing Director for StemLife Berhad, Sharon Low said, “We are delighted to be honoured with our second Deloitte Technology Fast 500 Award in two consecutive years. We have achieved much over the last six years but believe that this industry is only in its nascent stages and we have much more to do moving forward in the area of stem cell banking and establishing new regenerative therapies.”

Almost one third of the winning Malaysian companies were previous winners such as StemLife Berhad, N2N Connect Berhad, MoBif Berhad, iNavigate Sdn. Bhd., K-One Technology Berhad and Green Packet Berhad.

Deloitte received 33 nominations this year. The top performing sector in 2007 is the software sector with seven Malaysian companies included in the ranking.  Communications / networking companies followed behind with a total of four companies listed in the ranking.

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APPENDIX

Deloitte Technology Fast 500 Asia Pacific 2007
Ranking of Malaysian Companies

 Company Name 

 Sector 

 Rank 

 Revenue Growth % 

Extol MSC Berhad

Software

53

823.76

VADS e-Services Sdn Bhd

Communications/ Networking

54

800.48

RedHot Media Sdn Bhd

Communications/Networking

93

483.68

Green Packet Berhad*

Communications/Networking

99

447.52

E-Cenit Systems Sdn.Bhd.

Software

141

355.15

StemLife Berhad*

Biotechnology/ Pharmaceutical

148

343.41

N2N Connect Berhad*

Software

164

310.84

Interbase Resources Sdn. Bhd.

Internet

181

288.22

MoBif Berhad *

Communications/Networking

218

235.98

Netgen Sdn. Bhd.

Software

225

226.20

iNavigate Sdn. Bhd.*

Software

257

199.14

InfoConnect Sdn.Bhd.

Software

259

197.85

K-One Technology Berhad *

Semiconductors, Components & Electronics

263

196.58

Century Software (M) Sdn. Bhd.

Software

270

193.70

Trans Niaga Sdn. Bhd.

Internet

328

162.23

Arachnid Sdn. Bhd. *

Internet

359

148.47

Online One Software (MSC) Sdn.Bhd.

Software

377

140.38

* Previous winner

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About Deloitte Technology Fast 500 Asia Pacific
The Deloitte Touche Tohmatsu (Deloitte) Technology Fast 500 Asia Pacific program is the region’s most objective industry-ranking standard to focus on the technology field. The Asia Pacific program was launched in 2002 to recognize the effort and dedication of the 500 fastest-growing technology companies in Asia Pacific and includes all areas of technology, from internet to biotechnology, from medical and scientific to computers/hardware. It includes both public and private companies. Details of the winning companies will be available at www.deloitte.com/fast500asiapac after the award ceremony, or please contact us (see below) if you need information in advance.

About Deloitte Technology, Media & Telecommunications
The DTT Global TMT Industry Group consists of the TMT practices organized in the various member firms of DTT and includes more than 6,000 member firm partners, directors and senior managers supported by thousands of other professionals 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 nearly 45 countries and centres of excellence in the Americas, Asia Pacific and EMEA. DTT’s member firms serve nearly 90 percent of the TMT companies in the global Fortune 500. Clients of DTT’s member firms’ TMT practices include some of the world’s top software companies, computer manufacturers, wireless operators, satellite broadcasters, advertising agencies and semiconductor foundries – as well as leaders in publishing, telecommunications and peripheral equipment manufacturing.

About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms, and their respective subsidiaries and affiliates. Deloitte Touche Tohmatsu is an organisation of member firms around the world devoted to excellence in providing professional services and advice, focused on client service through a global strategy executed locally in over 140 countries. With access to the deep intellectual capital of approximately 150,000 people worldwide, Deloitte delivers services in four professional areas—audit, tax, consulting and financial advisory services—and serves more than 80 percent of the world's largest companies, as well as large national enterprises, public institutions, locally important clients, and successful, fast-growing global companies. Services are not provided by the Deloitte Touche Tohmatsu Verein, and, for regulatory and other reasons, certain member firms do not provide services in all four professional areas.

As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms have any liability for each other's acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names “Deloitte”, “Deloitte & Touche”, “Deloitte Touche Tohmatsu”, or other related names.

About Deloitte KassimChan and Deloitte & Touche
In Malaysia, Deloitte KassimChan and Deloitte & Touche (collectively hereinafter referred to as Deloitte Malaysia) are member firms of Deloitte Touche Tohmatsu, and services are provided by Deloitte Malaysia and its affiliates. Deloitte Malaysia is among the nation's leading professional services firms, providing audit, tax, consulting, and financial advisory services through nearly 1,100 people in 8 offices throughout the nation. Having built a strong presence with a portfolio of clients spanning a variety of industries, Deloitte Malaysia has a proven record in providing services to some of the world's largest multi-nationals as well as local enterprises, financial institutions, government bodies, public and newly privatised organisations. It is dedicated to helping its clients and its people excel. For more information, please visit the Deloitte Malaysia’s website at www.deloitte.com/my.

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Contacts

Name:
Chayenne Tan
Company:
Deloitte Malaysia
Job Title:
Senior Manager, Marketing & Communications
Phone:
+ 603 7723 6500 ext 6310
Email
chaytan@deloitte.com
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