Published on the 31/10/2013 | Written by Newsdesk
ICT companies were responsible for almost half of the $260 million revenue growth for technology exporters this year…
The annual TIN100 Report* is out, showing a buoyant technology export sector driven by 16.5% growth from ICT companies, increased investment in R&D and staffing, and general recovery in the US market. The TIN100 Report monitors the performance of New Zealand’s largest technology exporters in the areas of ICT, high-tech manufacturing and biotechnology.
Results show that growth in the 2012-2013 year was dominated by ICT companies (which grew strongly on both sides of the Tasman and from a smaller base in the US). There was little change in the top ten companies by revenue compared to last year. The top five retained their 2012 positions, while Weta Digital replaced Schneider Electric (NZ) in tenth place.
Top 10 Companies by Rank:
| Rank | Company | 2013 Revenue |
| 1 | Fisher & Paykel Appliances | $1,020m |
| 2 | Datacom Group | $870m |
| 3 | Fisher & Paykel Healthcare | $556m |
| 4 | Tait Radio | $214m |
| 5 | Gallagher Group | $180m |
| 6 | Rakon | $176m |
| 7 | Temperzone Group of Companies | $173m |
| 8 | NDA Group | $150m |
| 9 | Moffat Group | $145m* |
| 10 | Weta Digital | $140m* |
* Estimated
EY 10 Companies to Watch – TIN100 companies with the largest revenue growth in 2013:
| Rank | Name | 2013 Revenue | Growth |
| 1 | Datacom Group | $870m | $82m |
| 2 | Fisher & Paykel Healthcare | $556m | $40m |
| 3 | Orion Health | $122m | $22m |
| 4 | BCS Group | $84m | $22m |
| 5 | Xero | $39m | $20m |
| 6 | Intergen | $56m | $13m |
| 7 | Fronde Systems | $60m | $12m |
| 8 | Certus Solutions | $75m | $12m |
| 9 | Scott Technology | $64m | $10m |
| 10 | Vista Entertainment Solutions | $31m | $9m |
Greg Shanahan, the TIN100 Report publisher, explained, “The single biggest contributor to TIN100 growth was the NZ$122m growth of IT services and support companies. These companies contributed nearly half of the total $260 million growth for TIN100 companies.”
Software development sectors, general software, healthcare, financial services technology and digital media, all grew in excess of 20 percent. Overall the TIN100 companies for 2012-13 increased their combined revenue by 3.7 percent to $7.26 billion. TIN100 export revenues increased by three percent to $5.3 billion. The next 100 companies (TIN100+) ranked by revenue grew by nine percent to $640 million.
This year the report findings also highlighted a trend towards TIN100 companies choosing to harness the power of mobile solutions, cloud computing and SaaS to create new growth and profit opportunities.
Successful companies are also investing more heavily in R&D and sales and marketing (up by 10 percent and five percent respectively on 2012). Last year’s report yielded similar insights with increases of eight percent and five percent respectively, showing that TIN100 companies had already shifted their focus from business survival to stimulating profitability. Shanahan commented at the time:
“As the revenue profile of these companies gets larger they are showing increasing maturity and a preparedness to invest in their own futures.” TIN100 sponsor Industrial Research Ltd’s CEO Shaun Coffey also said that it was encouraging that companies were continuing to invest in their value proposition.
Vodafone 10 Hot Emerging Companies – the TIN100+ companies with the largest revenue growth in 2013:
| Rank | Name | 2013 Revenue | Growth |
| 1 | Aranz Geo | $11.7m | $3.5m |
| 2 | Energy Mad | $9.2m | $3.0m |
| 3 | Ceiba Solutions | $8.5m | $2.2m |
| 4 | Technopak | $10.0m | $2.2m |
| 5 | Flintfox International | $8.7m | $2.1m |
| 6 | Escea | $10.2m | $1.8m |
| 7 | Greenbutton | $3.4m | $1.7m |
| 8 | Precept Health | $4.5m | $1.5m |
| 9 | Soft Tech | $7.4m | $1.3m |
| 10 | Howick Ltd | $6.2m | $1.3m |
The report also uncovered that a significant proportion, indeed the majority, of the top 10 companies by revenue growth in botht the TIN100 and the TIN100+ had received or were receiving business innovation support via government R&D funding, indicating, the report said, a greater awareness of the value of innovating through research and development.
“You only have to glance through this report to see that New Zealand is full of businesses with ground-breaking ideas which, with the right support, have the potential to deliver global success,” Callaghan Innovation Chief Executive Mary Quin says.
“Many of them have been nurtured through government R&D funding, research and technical services or venture capital, or a combination of those, all of which we are actively working to make simpler for businesses to access.”
* The TIN100 Report monitors the performance of New Zealand’s 200 (TIN100 and TIN100+) largest technology exporters in the areas of Information and Communication Technology (ICT), High Tech Manufacturing and Biotechnology. It is produced by Technology Investment Network in association with Callaghan Innovation. Other sponsors include NZTE, EY, Vodafone, Aon and Lumley Insurance.
For more information, visit www.tinetwork.co.nz
