18 November 2020
Auckland, 18 November 2020 – Technology Investment Network (TIN) announced today Healthcare ICT company Volpara Health Technologies as the winner of this year’s TIN Rocket Award in the 2020 TIN Report, at its virtual, interactive launch event, Tech Pulse 2020.
The TIN Rocket Award recognises the company that has gained the most places in the TIN200 rankings for the year. Volpara Health Technologies, which develops and manufactures AI-powered breast cancer screening technology, climbed 54 places this year with revenue growth of $7.6m (153%).
This increase also earned it top place on the Absolute IT Supreme Scale-Ups awards list in its debut year. Since buying US company MRS systems in 2019, Volpara Health Technologies has a dominant market position in the US, with an expanded product portfolio, and benefitted from the increased acceleration towards digital healthcare that has occurred in the industry over the last year.
“It’s exciting to see the great strides that Volpara Health Technologies has made in the past year, and we’ll watch their continued rise with interest,” said Greg Shanahan, managing director of TIN.
“This year has seen an unprecedented number of companies move more than ten places up the TIN200 rankings, with 14 of the 25 gaining more than 20 places,” he said.
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.
The 2020 TIN Report shows that export revenue for the TIN200 companies rose by 10.6% to a total of $9.4B this year. TIN200 revenue reached $12.7B in 2020, slightly less than the $1B annual growth recorded in the previous two years, but overall, the TIN200 shows ongoing strong growth in the face of tough economic headwinds.
Copies of the TIN Report are available in eBook or hard copy and can be ordered here. More details on the 2020 TIN Report and a regional breakdown are available here.
Download the Free TIN Report Snapshot
For more information please contact:
Media Enquiries:
Kate Dobbin
Mob. +64 21 522 103
kate.dobbin@tinetwork.com
Greg Shanahan, Managing Director, Technology Investment Network
Ph. +64 9 445 0362
Mob. +64 27 435 6045
greg.shanahan@tinetwork.com
About the TIN Report (tin100.com)
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 2020.
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. For more information, visit www.tin100.com