Kiwi tech firms with biggest revenue growth in 2014 revealed
- 28 August, 2014 11:56
Technology Investment Network (TIN) last night revealed New Zealand’s top ten high growth technology export companies across two categories, TIN100 EY Ten Companies to Watch and the TIN100+ Ten Hot Emerging Companies.
The two lists include the companies who had the biggest dollar value revenue growth in 2014. This covers the TIN100 (revenues NZ $1Billion to NZ$14m) and TIN100+ (revenues NZ $14m to NZ$2m) group of technology exporters.
Fisher & Paykel Healthcare topped the list of EY Ten Companies to Watch, moving from second place in 2013, into the top spot in 2014, closely followed by materials handling and plant automation company BCS Group, who have risen from fourth position in 2013. The two companies had revenue growth of $67 and $56m respectively.
“BCS Group showed an impressive 68 per cent increase in revenue in 2014 following up on their 36 per cent growth in 2013. They are clearly going from strength to strength.
“Two out of the EY Ten Companies to Watch, AFT Pharmaceuticals and F&P Appliances are new to the growth list, which was started in 2008,” said Greg Shanahan, MD at TIN.
The TIN100+ Hot Emerging Companies list for 2014 was topped by Enprise Group. Enprise Group develops implements and supports online accounting software package MYOB EXO customising solutions to fit the business needs of their customers.
Other companies on the TIN100+ Hot Emerging Companies list included manufacturers RML Engineering and Metalform.
“It is pleasing to see growth in the sector returning to pre-global financial crisis figures and I’m particularly buoyed by the re-emergence of companies manufacturing highly sophisticated products, such as Metalform in Dannevirke and Hamilton based RML Engineering,” said Shanahan.
This year marks the tenth year of publication for the TIN 100 Report, which surveys around 300 companies annually.
“The value of the TIN100 Report is that it creates transparency for the performance of the NZ technology sector, and enables investors to identify high growth companies to potentially engage with,” said Shanahan.
The full TIN 100 Report for 2014 including details of the top 100 companies and analysis of the different sectors, will be released on 22 October.