Gekko Systems Pty Ltd was ranked Number 64 on the First 250 of the Deloitte Touche Tohmatsu Asia Pacific Technology Fast 500, a ranking of the fast growing technology companies in Asia Pacific. Rankings are based on three-year percentage revenue growth. Gekko Systems grew 307% during this period.
Gekko Systems' CEO, Elizabeth Lewis-Gray, credits the growth to application of the company's unique technologies in collaboration with customers to achieve successful applications.
"Combining clever technical outcomes with a focus on customer's current and future needs and a passionate, committed team helps create demand and growth," she said at their Australian Headquarters in Ballarat, Victoria. "We are also committed to seeking environmentally better solutions for the mineral processing industry."
"Even though this has been a tough period for the technology industry across the region, the average revenue growth for the companies on the list was 385% over three years, and for the top five winners - 7,404%," said Mr Ian Thatcher, Lead Partner, Deloitte Touche Tohmatsu, Asia Pacific Technology Fast 500.
The winning companies came from new and established businesses and from across Asia Pacific and industry sectors.
Mr Thatcher said the rapid growth was not limited to emerging companies, but included some well established and mature businesses.
“Sixty companies identified in the Deloitte Touche Tohmatsu Technology Fast 500 had revenues in excess of USD100M which demonstrates high growth is not limited to new or early stage companies."
As part of the Asia Pacific Technology Fast 500, DTT surveyed 150 CEOs from across the region to gain their views on key issues and challenges facing their business. The findings show that CEOs are very confident about their growth prospects over the coming year, with the majority planning to increase their headcount as they grow their companies locally, regionally and globally.
"In fact Asia Pacific Technology companies appear to be more optimistic about their future growth, compared to their peers in Europe and the US. This is not surprising given China and India are two of the fastest growing economies in the world, with China being regarded (among those surveyed) as the most opportune market place," said Mr Thatcher.
In order to qualify for the Deloitte Touche Tohmatsu Asia Pacific Technology Fast 500 Program, a company must meet the following criteria:
1. It must be a technology company defined as:
* A company that develops proprietary technology which contributes to a significant portion of the company's operating revenues (NB using other company's technology is a unique way does not qualify); or
* A company that manufactures a technology-related product; or
* A company that devotes a high percentage of effort to research and development of technology.
2. It must be in business for a minimum of three years.
3. It must have revenues of at least US$50,000 in the first of the years being analysed
4. It must be Asia Pacific owned and headquartered in the Asia Pacific Region. Subsidiaries or divisions of non-Asia Pacific companies are not eligible, unless they have some Asia Pacific public ownership and trade separately.