Queenstown-based online discount booking company Bookme has been named the highest ranked New Zealand company in the annual Deloitte technology Fast 500 Asia Pacific index.
The index, announced in Hong Kong last night, ranks the top 500 tech businesses according to their revenue growth during the past three years.
Bookme, a booking engine for tourism activities and attractions, was ranked 18th, with growth of 1359.4 per cent.
The company, founded in 2010 by James Alder – a former Mountain Scene sales consultant – and Nick Reekie, was previously named rising star regional winner for Otago-lower South Island in the Deloitte Fast 50.
There were 40 New Zealand businesses that made the list, with 16 in the top 100 which was up from seven last year. Only China had more companies in the top 100 with 29.
The top-ranked business on the index was Taiwanese communications software business China Communications Media Group, with 26,585 per cent growth, more than double its closest competitor.
The fact New Zealand businesses make up more than 15 per cent of all companies in the top 100 is clear evidence they’ve moved into the “upper echelon” of fast-growing technology firms in the highly competitive Asia-Pacific region, Deloitte Private partner Stephen Nicholas says.
“These results clearly show that despite the relatively small New Zealand market, hard-working innovative Kiwi firms have been able to outperform companies from many larger countries,” Nicholas says.
It’s further proof the disruptive forces of mobile and cloud technologies have “levelled the playing field” helping Kiwi businesses achieve global scale and overcome market and geographical boundaries, he says.
There were six Christchurch-based businesses on the index, while the remainder were North Island-based businesses.
The largest number were from China with 128, followed by Taiwan (108), India (78), Australia (66), New Zealand and Japan (40), South Korea (36), Singapore (3) and Malaysia (1).
Revenue growth across Fast 500 ranked firms was on average 356 per cent this year, driven by strong internet and software sector growth. – Otago Daily Times