Dec 15, 2017

Invenco Group makes Deloitte Technology Fast 500 Asia Pacific 2017


Invenco Group has been ranked as the 358th Fastest Growing Technology Company on the Deloitte Technology Fast 500™ Asia Pacific 2017, a ranking of the 500 fastest growing technology companies in Asia Pacific.

Rankings are based on percentage revenue growth over three years; Invenco Group grew 117% percent during this period. Invenco’s CEO, Gavin Lennox credits Invenco’s success with its aggressive growth in the US and South East Asia over this time. He says, “Invenco is a market leader in self-service payment technology. Our innovative approach has enabled us to grow aggressively in all markets, but particularly through our teams based in Atlanta, Georgia (USA) and Kuala Lumpur, Malaysia.

“We compete in the highly competitive Outdoor Payment Terminal space, primarily in the petroleum convenience retail (PCR) market and have been able to capture significant market share as the transition to EMV (chip card based) payment progresses globally.”

"Making the Deloitte Technology Fast 500™ is commendable in today’s highly competitive, fast-changing technology industry," said Toshifumi Kusunoki, DTTL Leader, Deloitte Technology Fast 500™ Asia Pacific program. "We congratulate Invenco on being one of the 500 fastest growing technology companies in the region."

In addition to ranking on the Deloitte Technology Fast 500™, Invenco Group recently ranked in the top three for the inaugural Masters of Growth listing in the New Zealand Deloitte Technology Fast 50, a ranking of mature tech companies that have shown sustained growth over five years. It is one of just 45 New Zealand companies that made the prestigious ranking.

Overall, companies that ranked on the Deloitte Technology Fast 500™ Asia Pacific 2017 program had an average growth rate of 619 percent—the highest average growth rate since 2008. To qualify for the Technology Fast 500™, entrants must have had base-year operating revenues of at least US$ 50,000.

“Because Deloitte Technology Fast 500™ Asia Pacific measures sustained revenue growth over three years, being one of the 500™ fastest growing technology companies in Asia Pacific is an impressive achievement,” said Toshifumi Kusunoki. “With its 117% growth rate over three years, Invenco Group has proven that its leadership has the vision, determination and ability to adapt and grow in a fast-changing environment.”

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