Media buying agency Half Dome has been named the overall winner of the 2020 Deloitte Technology Fast 50 Australia awards, after achieving a 2,390 per cent growth in revenue over a three-year period.
The Deloitte Technology Fast 50 Australia program, now in its 20th year, ranks the 50 fastest growing technology companies in Australia, with a minimum cumulative revenue of $8 million over a three-year period.
Technology Fast 50 leader and Deloitte partner Josh Tanchel said Half Dome’s growth over the three-year period is impressive, particularly considering the challenges facing all businesses in 2020.
“Congratulations to Half Dome for winning the Technology Fast 50 Australia award this year and the sensational growth it has achieved over the last three years,” Tanchel said in a statement.
“Being based in Victoria, the state most impacted by the COVID-19 crisis, makes the founders’ win particularly inspiring.
“Half Dome’s result is a testament to their resilience, grit and ability to quickly adapt, innovate and problem solve.
“I’d also like to acknowledge the company’s huge jump from 12th in our 2019 Rising Star category to the 2020 overall winner—a remarkable achievement.”
Deloitte TMT Financial Advisory leader Kat McMaster noted the increasing presence of women founders/co-founders in the Tech Fast 50.
“We’re thrilled to see four females in the top 10, and 15 in the top 50 (up from three and 13 in 2019 respectively), with a 15 per cent increase in female representation overall,” McMaster said in a statement.
“The top two companies in our Rising Star list are also female led, with a third female lead in the top ten.”
The 2020 Winners
- Technology Fast 50 award: Winner – Half Dome (2,390 per cent growth)
- Runner-up: My Plan Manager (1,621 per cent growth) and Autoguru (1,148 per cent growth)
Description: company with the highest ranked growth based on more than $8 million in revenues over the last three reporting years.
- Leadership award: Winner – Zip Co (303 per cent growth)
- Runner-up: Appen (221 per cent growth) and Sendle (181 per cent growth)
Description: for companies that made the Technology Fast 50 list and have more than $50 million in revenues in the last reporting year.
- Female Leadership award: Winner – My Plan Manager (1,621 per cent growth)
- Runner-up: Modibodi (929 per cent growth) and Brighte Capital (912 per cent growth)
Description: for companies that made the Technology Fast 50 list, which are founded or co-founded by a female(s) or have a female CEO.
- Rising Star award: Winner – JSHealth Vitamins (21,540 per cent growth)
- Runner-up: Coviu Global (11,553 per cent growth) and iGreenData (2,132 per cent growth)
Description: for fast growth businesses that have been in operation for less than three years.
Number of companies by sector
- 17 online/direct to consumer (34 per cent)
- 14 software (28 per cent)
- Eight fintech (16 per cent)
- Four digital/media (8 per cent)
- Four communications/IT services (8 per cent)
- Three health-tech (6 per cent).
Number of companies by region
- 28 in NSW = 56 per cent
- 12 in VIC = 24 per cent
- Six in QLD = 12 per cent
- Two in SA = 4 per cent
- One in ACT = 2 per cent
- One in NT = 2 per cent.
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