TECHNOLOGY INVESTMENT NETWORK NAMES ABSOLUTE IT SUPREME SCALE-UPS IN 2021 TIN REPORT
Auckland, 4 November 2021 – Technology Investment Network (TIN) has named the top ten Absolute IT Supreme Scale-Ups in this year’s TIN Report, announced today at its virtual launch and awards event.
The Absolute IT Supreme Scale-Ups are the Next100 companies (ranked between 101-200 in the TIN200) with the largest revenue growth in the past year. For the second consecutive year, Wellington-based healthcare ICT company Volpara Health Technologies heads up the list, with revenue growth of $7.1m.
The TIN Report monitors the performance of New Zealand’s 200 (TIN100 and Next100) largest technology exporters in the areas of Information and Communications Technology (ICT), High-tech Manufacturing and Biotechnology. It is sponsored by New Zealand Trade and Enterprise, Absolute IT, BNZ, EY, James & Wells and NZX.
“It’s been another remarkable year of growth for New Zealand’s technology sector,” said Steve Cotton, joint General Manager, Absolute IT, sponsor of the Absolute IT Supreme Scale-Ups.
“This growth has been achieved despite the challenges of the ongoing pandemic, and while facing unprecedented talent and skills shortages across the country. We commend the remarkable resilience, quiet ambition, and determination that these organisations have, which has allowed them to ‘scale up’ and seize the global opportunities that exist.”
The combined growth for this year’s Absolute IT Supreme Scale-Ups was $44.04m, representing a collective revenue increase of 44.1%. This exceeds the 5.2% rise recorded by the rest of the Next100 companies.
According to the 2021 TIN Report, the TIN200 companies passed a landmark in 2021, recording $10.4B in export revenue from nearly $14B in combined revenue; signs the tech sector is growing in maturity and vital to New Zealand’s economic success. Revenue growth was more than $1.4B; once again breaking the $1B barrier.
For more information please contact:
Mob. +64 21 522 103
Greg Shanahan, Managing Director, Technology Investment Network
Ph. +64 9 445 0362
Mob. +64 27 435 6045
About the TIN Report
The TIN Report is produced by Technology Investment Network with sponsorship from New Zealand Trade and Enterprise, Absolute IT, BNZ, EY, James & Wells and NZX. The TIN Report is a critical reference for benchmarking the performance of New Zealand’s 200 largest globally focused technology companies. The size of the tech industry has grown significantly since 2005 and in recognition of this, TIN sent surveys to approximately 1,000 companies in 2021.
About Technology Investment Network
Technology Investment Network (TIN) is a private company established in 1999 to facilitate the growth of the technology export sector in New Zealand. The company’s goal is to contribute to the New Zealand economy by supporting the growth of, large, sustainable, New Zealand based, global technology businesses.