When you’re running hard growing a global business you seldom have the time to stop and take stock of what has been achieved by the team. But when we hear Xero is ranked 8th in the Asia Pacific Deloitte Technology Fast 500 – the first time a New Zealand business has made the Asia Pacific Tech Fast 500’s top 10 – it’s a proud moment.
The index ranks the fastest growing 500 tech businesses according to their revenue growth (both public and private companies) over the past three years, obtaining key data across Australia, China (Hong Kong), India, Japan, Korea, Malaysia, New Zealand, Singapore and Taiwan. Xero’s ranking was due to 2,250.26% revenue growth over this period.
It’s interesting to note there were two Internet companies in the top five and they feature throughout. And not surprisingly software outranked all other sectors for the fourth year in a row.
In the full report Cloud computing, while receiving attention for its potential to shift the fundamental business model of delivering and consuming IT services, is making a quiet appearance on the Asia Pacific scene. Of the 245 CEOs who participated in the annual survey, 23 percent indicated that cloud-based application services have helped them grow more quickly, while 21 percent say it brought costs down.
Nice to see the likes of of Network partner Smartpayroll and Aura Software Security, the experts who audit our security make the list too.