Malaysian spirit of winning endures
Kuala Lumpur, 29 January 2010: Despite the global slump, eight ambitious Malaysian companies showcased their business stamina and garnered the recognition as Asia Pacific’s fastest growing technology companies in the Deloitte Technology Fast 500 Asia Pacific 2009 Ranking. Out of eight, three companies achieved the Top 100 spot.
Celebrating this milestone, Deloitte Malaysia proudly hosted a private dinner for the winners. They were presented with the official Certificate of Achievement, and those who were unable to make it to the award ceremony held in Hong Kong recently, were honoured with a bespoke crystal award.
Deloitte Malaysia Country Managing Partner, Tan Theng Hooi said, “What we found was unwavering confidence. Though companies were stirred by the financial downturn, they were not shaken, and kept growth targets in sight. They adapted where necessary, and that’s the cutting-edge approach our winners own.
Topping the Malaysian Top 3 ranking chart was JF Microtechnology Sdn. Bhd., followed by Devices World Sdn. Bhd. at No.2 and Kreateevee Sdn. Bhd. taking third place. At the Asia Pacific level, JF Microtechnology Sdn. Bhd. ranked 30th amongst the 500 winning companies, Devices World Sdn. Bhd. ranked 33rd and Kreateevee Sdn. Bhd. came in at 96th.
Other winners include Bsmart Technology Sdn. Bhd. ranking 263rd, IRIS Corporation Bhd. stood at 350th, IDimension MSC Sdn. Bhd. at No.351, Exa Bytes Network Sdn. Bhd. at the 370th spot, and Riskk.com Sdn. Bhd. ranked 473rd. This year is also a consecutive win for JF Microtechnology Sdn. Bhd., Kreateevee Sdn. Bhd., Bsmart Technology Sdn. Bhd., IRIS Corporation Sdn. Bhd. and Riskk.com Sdn. Bhd.
Of the eight winners, only JF Microtechnology Sdn. Bhd. represented the semiconductors, components & electronics sector with an encouraging revenue growth of 808.69%, whereas two companies represented the Internet segment, and the majority were from the software sector. Kreateevee Sdn. Bhd. was a clear front runner in the software sector, with a revenue growth of 373.49%. On the other hand, in the Internet segment, Devices World Sdn. Bhd. led with an optimistic 759.06% revenue growth.
Eddie Cheah, CEO of Devices World noted, “We did little from our initial strategy to achieve this ranking. We followed a very unique operating structure and have been commercially successful because we operate in an extremely disciplined system. Our development costs are kept at very low levels through the innovative use of low cost technologies. Perhaps it’s the way our company was nurtured in the early years – to be frugal and conservative in its use of resources.”
Edward Alston Anthony, Chief Executive Officer of Kreateevee said, “Despite the global economic meltdown, we weathered the storm with a few key factors. Amongst others, we kept strict focus on our core business, maintained top priority for a customer centric approach in our service offerings, and most importantly, kept a close-knit friendship and understanding amongst key partners who sacrificed incredible time and effort to push the company forward past the incredibly challenging year.”
Overall, the number of Malaysian winners this year has taken a slight dip from last year’s numbers, yet, the contrast is only marginal. It clearly depicts that the Malaysian business landscape is still energetic and competitive even in a global crisis.
Over the past eight years, Deloitte Malaysia has watched technology companies in Asia Pacific achieve incredible growth, and Deloitte Malaysia has tracked their opportunities, ambitions, challenges and threats in the annual Deloitte Technology Fast500 Asia Pacific Ranking, one of the region’s most comprehensive and respected rankings of fast-growing technology companies.
Ranking of the fast-growing public and private companies from Australia, China (including Hong Kong), India, Japan, South Korea, Malaysia, New Zealand, Singapore, Taiwan and Thailand were based on a three-year average percentage for revenue growth.