Company-X has ranked on the Deloitte Technology Fast 500 Asia Pacific 2017 index for the first time in its five-year history.

The Hamilton based software specialist, founded by directors David Hallett and Jeremy Hughes in 2012, was listed at number 330 on the index that ranks the 500 fastest growing technology companies in the Asia Pacific region.

Rankings are based on percentage revenue growth over three years.

Company-X grew 138 per cent.

David and Jeremy put the ranking down to targeted marketing, leveraging international industry relationships and the company delivering on its promises.

Jeremy says the growth was possible because of the high calibre of staff Company-X attracts.

“A significant factor is the fact that we have a world class development team,” Jeremy says. “It’s quite clear when we listen to the feedback from our international clients. Doing what we said we would do is one of our core values.”

David says Company-X benefitted from being based in the Waikato, which has a reputation as the Silicon Valley of New Zealand partially thanks to the University of Waikato’s exceptional Computer Science Department.

“The University of Waikato produces New Zealand’s best technologists and many of them come and work for us at Company-X,” David says. “The university is in the world’s top 150 for Computer Science and Information Systems.”

Graduates include Dr Craig Neville-Manning who led Google’s engineering division.

“Making the Deloitte Technology Fast 500 Asia Pacific ranking is a testament to a company’s commitment to technology,” says Toshifumi Kusunoki Deloitte Technology Fast 500 Asia Pacific program leader.

“With its 138 per cent growth rate over three years, Company-X has proven that its leadership has the vision, determination and ability to adapt and grow in a fast-changing environment.

“Because Deloitte Technology Fast 500 Asia Pacific measures sustained revenue growth over three years, being one of the 500 fastest growing technology companies in Asia Pacific is an impressive achievement.

“Attracting enough customers to attain such fast growth over three years makes a strong statement about the quality of a company’s product and its leadership. Company-X has shown the right calibre for growth.”

“We congratulate Company-X on being one of the 500 fastest growing technology companies in the region.”

Company-X won the Homegrown Innovators Independent Software Vendor category at the Reseller News ICT Awards in October, 2017.

Company-X was also named ExportNZ Services Exporter of the Year for 2017 in July.

The NZTA One Network Road Classification Performance Measures Reporting Tool Company-X built won the Roading Asset Management Innovation Award at the 2017 Road Infrastructure Management Forum in May, 2017.

Company-X was also in contention for the Westpac Waikato Business Awards Global Operator Award for 2017.

Deloitte Technology Fast 500 Asia Pacific selection and qualifications

The Technology Fast 500 list is compiled from the Deloitte Asia Pacific Technology Fast 50 programs, nominations submitted directly to the Technology Fast 500, and public company database research. To qualify for the Technology Fast 500, entrants must have had base-year operating revenues of at least US$50,000. Entrants must also be public or private companies headquartered in Asia Pacific and must be a “technology company,” defined as a company that develops or owns proprietary technology that contributes to a significant portion of the company’s operating revenues; or manufactures a technology-related product; or devotes a high percentage of effort to the research and development of technology. Using other companies’ technology in a unique way does not qualify.