Anittel tops Deloitte Technology Fast 50 with growth of more than 1000 per cent
- 18 November, 2011 11:21
- Comments 2
Anittel has come out on top of the Deloitte Technology Ffast 50 with a compound growth rate over three years of 1022.22 per cent.
The reseller has largely achieved that growth through acquisitions.
Anittel CEO, Peter Kazacos, said the company would now settle down and consolidate to begin organic growth and profit making.
“It’s likely to settle down now,” he said. “Banks right now don’t like funding growth, they like funding profit.
“We’re on target to achieve a profits this financial year,” he said. “There’s a lot of opportunities out there.”
Kazacos remains bullish about the current market conditions, though he expressed concern that the market conditions in Europe will cause some financing to local banks to dry up, which will have a follow-on effect in restricting customer access to capital for large projects.
Another new entrant to the Technology Fast 50 was distributor, Observatory Crest, which grew 869.93 per cent since commencing trade three years ago.
Its managing director, Martin Christmas, remains confident that the company will continue to feature high on the list, as it has selected a strong portfolio of core vendors, and has not grown through acquisition.
“Our vendors have also experienced tremendous growth in the market,” he said. “If you look at the list, there’s a lot of Web companies in there. It’s hard to compete with that as a distributor of hardware and software, but we’re confident.”
Other top IT companies to make the list include online retailer catchoftheday.com.au (327.17 per cent), Kogan Technologies (158.39 per cent), inTechnology Distribution (155.43 per cent), Stratatel (104.19 per cent), Kiandra IT (63.83 per cent) and Atlassian Corporation (58.87 per cent).
Telecommunications companies to be recognised include Partner Telecom (205.99 per cent), Spirit Telecom (180.41 per cent), BigAir (140.09 per cent), M2 Telecommunciations (110.90 per cent), Ultra Serve (106.65 per cent), IF Telecom (99.25 per cent), iiNet (70.91 per cent), ispONE (64.44 per cent).
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Comments
Gunter Kuntz
1
Revenue Growth via company acquisitions - net profit losses every year , massive borrowings , soft financial conditions . Wonder how this is going to end? Deloitte's also do receiving?
Dobbsie
2
Seriously, what is this award a measure of? Just another plastic plaque for these guys to stick on the wall and admire. How about an award for running a profitable and fiscally responsible business?