Market-leading transport tech company, EROAD, led a powerful Kiwi showing at the prestigious Deloitte Technology Fast 500 Asia Pacific awards.
EROAD was ranked tenth fastest-growing tech company at the Hong Kong awards – with a hugely impressive 2746% growth – making it the highest placed NZ company in this year’s rankings.
The annual index ranks the top 500 tech businesses according to revenue growth over the past three years, setting a performance benchmark among the Asia-Pacific region’s high-growth technology businesses.
45 Kiwi-bred tech companies made it on to the Fast 500 Asia Pacific index, with seven making the top 100 – the highest per capita representation of any nation.
Number 1 was Taiwanese electronics manufacturer ProCrystal Technology, with 10,028% growth.
Leading the charge of the New Zealanders was Albany-based transport technology and services company EROAD, achieving tenth place.
Leader of the New Zealand Fast 50 programme, Deloitte partner Stephen Nicholas, says that with Kiwi businesses comprising almost 10% of companies on the Asia Pacific Tech Fast 500, it demonstrates that New Zealanders are among the region’s best technology entrepreneurs.
“These results illustrate that for innovative Kiwi businesses, the relatively small size of the New Zealand market is no barrier to achieving stellar growth and competing with the best in the world,” says Nicholas.
EROAD, whose transport tech systems, on a software-as-a-service platform, are installed in over 1000 New Zealand fleets, are the largest single provider of electronic RUC payment systems, with over 12,000 commercial vehicles using their system.
A NZ HiTech Award winner in 2010, with best product and best service, EROAD is also the only transport tech company in the NZ ‘green’ 50.
The EROAD road user charges portal handles over 95% of all NZ electronic road user charges and 20% of all NZ road user charges.
With the EROAD concept proving a success with New Zealand transport operators, CEO Steven Newman tells DIESELtalk that: “EROAD is looking carefully at overseas markets to drive growth.”
