Outware Mobile named fastest growing Australian tech company

Macworld Australia Staff
11 December, 2012
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Outware Mobile has been been announced as the fastest growing technology company in Australia and the 11th fastest growing company in the Asia-Pacific region, according to a new report.

The Australian company, founded and directed by Macworld Australia columnist and contributor Danny Gorog, boasted a growth rate of 2348 percent over the last three years, developing iOS and Android apps for companies such as Telstra, Sensis, News Ltd, Seek and Visa and Government organisations including the EPA, Department of Justice and Tourism Victoria.

The Deloitte Technology Fast 500 Asia Pacific 2012 report [PDF] is headed by Taiwanese company ProCrystal Technology Co with an incredible 10,028 percent growth over the three-year period. Chinese companies VIPshop Holdings and Gamewave Group finished second and third with growths of 7998 percent and 6214 percent respectively.

According to the report, the Asia-Pacific region has competed well in the current economic environment, aided by the high demands for electronic goods.

“The 500 companies in the 2012 ranking did surprisingly well considering macroeconomic circumstances, maintaining an average three-year growth rate of 467 percent versus 476 percent in 2011 and still representing steady recovery from the 2010 figure of 374 percent.

“The sharp drop-off in the average growth rate of this year’s top five performers (from 9910 percent in 2011 to 6837 percent in 2012) was not duplicated in the rest of the field: there the story was of steady resurgence, demonstrating the strength and depth that Asia Pacific TMT companies can deliver at every stage of the business cycle.”

“Semiconductors, Components and Electronics remained the leading sector in a year dominated by traditional technology, contributing 160 companies versus 166 in 2011. And despite the presence of two Internet companies in this year’s top five fastest-growing companies, Software ranked second as a leading growth sector, up to 119 entrants from 87 in 2011. Internet companies as a whole numbered 85.”

Australia had 60 companies named in the top 500, a rise from 53 in 2011. The second highest ranked Australian company was software company Temando at 27th.


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