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19 October 2016
ikeGPS announces that it is listed as one of the 10 Hot Emerging Companies list from the TIN100 Report, which benchmarks the performance and revenue growth of New Zealand’s 100 largest globally focused technology companies.
“In no previous year since the launch of the TIN100 Report 12 years ago has change been so dramatic or widespread,” says Greg Shanahan, TIN managing director. “This year’s data signals that an inflexion point has been passed as the industry hits critical momentum, reflecting longer-term acceleration of technology growth.”
Produced by Technology Investment Network and sponsored by NZTE, Callaghan Innovation, EY and AJ Park, the TIN100 Report featured ikeGPS in both the 2015 and 2016 list of the 10 Hot Emerging Companies, which represents companies that achieved the largest revenue growth. ikeGPS grew revenue growth 2.1 times in 2015 and increased that figure further to 2.3 times in 2016.
“We are very pleased to be included on this list again in 2016,” says Glenn Milnes, CEO of ikeGPS. “Over the past year, we have focused further on developing our product proposition and sales processes for the distribution side of electric utilities as well as the signage and digital graphics market. This has allowed us to shorten sales cycles, expand distribution, and materially increase the price and margin of our products commensurate with delivering more value to these customers. This focus has gone a long way to driving our success.”
To view the full list of TIN100 Award winners, visit the TIN100’s press room.
About the TIN100 Report
The TIN100 Report is produced by Technology Investment Network with sponsorship from Callaghan Innovation, NZTE (New Zealand Trade and Enterprise), EY, and AJ Park. The TIN100 Report is a critical reference for benchmarking the performance of New Zealand’s 200 largest globally focused technology companies. The size of the tech industry has grown significantly since 2005 and in recognition of this, TIN surveyed over 450 companies in 2016.
About Technology Investment Network
Technology Investment Network (TIN) is a private company established in 1999 to facilitate the growth of the technology export sector in New Zealand. The company’s goal is to contribute to the New Zealand economy by supporting the growth of, large, sustainable, New Zealand-based, global technology businesses. For more information visit: www.tin100.com
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