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Four Australian start-ups make the top 20 in Deloitte’s Fast 500 Asia-Pacific list

Monday, 16 December 2013 | By Rose Powell

Australian tech companies are well represented in Deloitte’s 2013 list of the 500 fastest growing companies in the Asia-Pacific region, with 66 companies making the list.


Four companies made it into the top 20: planning company PlanB Logistics coming in at fifth, venture tech accelerator BlueChilli Technology coming seventh, wine deals company Vinomofo coming 13th and app developer b2cloud coming 14th.


The top 500 companies had an average revenue growth of 356%.


In a statement, the leader of Deloitte’s Technology Fast 50 Program, Joshua Tanchel, described the listing of the four companies as an outstanding achievement for Australia.


“It is further evidence of the fact that the local start-up ecosystem is maturing and entrepreneurs are fast becoming Australia’s greatest natural asset,” Tanchel says.


“In the traditional business world Australian company growth may have been constrained by the size of the domestic market. However, in the high growth digital economy that is no longer an issue. By utilising the internet and mobile technology, Australian tech companies are building businesses that compete and win globally.”


Launched in 2009, b2cloud co-founder and director Luke Smorgon told StartupSmart their revenue had grown by 1680% over the past three years mostly thanks to their people-first approach.


“We’ve been recognised as the fastest growing app developers in Asia-Pacific, and have gone from working with small start-ups to some of Australia’s largest corporate customers,” Smorgon says.


The b2cloud team of 15 has worked on projects with Telstra, Virgin Mobile and law firm Minter Ellison.


“We’ve really focused on investing a lot of time and effort into the team. We want to always be sure they’re the knowledge leaders in this industry,” Smorgon says, adding they send team members to international conferences, seminars and events often.


“This has helped us become the leaders in the space, but another main reason for our growth is we forge really strong partnerships with our clients.”