Datacom Ranked No. 1 Tech Company to Watch, No. 2 in TIN100 Report

Each year, private company Technology Investment Network (TIN) puts out the TIN100 Report of top technology companies in New Zealand. This year, Datacom has not only been named the No. 1 technology company to watch for 2012, but has also claimed the No. 2 spot in the list of Top 100 technology companies for the third year in a row.

Companies included in the TIN100 have an international focus in the areas of ICT, high-tech manufacturing and biotechnology. Criteria for inclusion in the report are company origin in New Zealand, development of individual, technology-focussed intellectual property and generation of no less than 10 per cent of revenue offshore.

The TIN100 Report ranks companies based on revenue generated in the financial year most recently completed. Asreported in August, Datacom’s New Zealand revenue grew just over 8 per cent to $375 million in the last financial year, while revenue for Australia and Asia grew 9 per cent to $413 million.

Datacom has made it into the “Ten Companies to Watch” list each year since it began in 2008. The TIN100 Report notes our international growth strategy, solid growth in New Zealand and data centre and specialist IT management services as chief factors for inclusion in the Top Ten for a fifth year.

Articles about the TIN100 Report in both the NZ Herald and Computerworld NZ note that it was a banner year for the top IT services companies, which collectively showed a year over year revenue increase of 11 per cent. The articles note that private ownership, doing business in Australia and having New Zealand-headquartered offices are main reasons IT services companies like Datacom were able to demonstrate strong revenue growth despite a high New Zealand dollar and shaky global economy.