Vinomofo tops Fast 50

 

vinomofoOnline wine retail site, Vinomofo, has been named the winner of the 2013 Deloitte Technology Fast 50, following a record revenue growth of 1273 per cent over the last three years.

The Deloitte Technology Fast 50 Program, now in its thirteenth year, ranks 50 of Australia’s fastest growing public and private technology companies, based on percentage revenue growth over three years (2011 to 2013).

Joshua Tanchel, leader of Deloitte’s Technology Fast 50 Program highlighted Vinomofo’s innovative customer relationship model and understanding of the power of social media to enhance consumer engagement.

“Vinomofo has disrupted and redefined the ultra-competitive online wine market since its launch three years ago,” Tanchel said.

“They have pioneered a content driven approach that has been a real hit for consumers, helping to break down barriers and open up new channels to market by working directly with wine producers.”

The sectors driving the growth in this year’s Fast 50 were online, software, and the infrastructure needed to support these. The convergence of disruptive, post-digital technologies is changing the ways businesses must respond to individuals’ needs and expectations.

“Vinomofo is a prime example of a business that has understood and embraced these changes and profited accordingly in less than five years. Particularly impressive across all of this year’s winning technology companies is the way they have capitalised on opportunities in an environment of rapid change and disruption.

Although the majority of Top 50 winners came from NSW, for the first time the top four companies were all Victorian based.

Led by overall winner Vinomofo the top four was rounded out by fellow Victorians Outware Mobile, Kogan, and Australian Renewable Fuels.

Total revenue for this year’s Fast 50 winners was estimated at around $1.7 billion.

 

Deloitte Technology Fast 50 Top Ten Ranking

Rank

Company

Growth %

Sector CEO/MD Website State

1

Vinomofo

1723

Internet Andre Eikmeier www.vinomofo.com VIC

2

Outware Mobile

849

Software Eytan Lenko www.outware.com.au VIC

3

Kogan

827

Internet Ruslan Kogan www.kogan.com VIC

4

Australian Renewable Fuels

812

Biotech/Pharma/Medical equipment Andrew White www.arfuels.com.au VIC

5

Temando

794

Software Carl Hartmann www.temando.com QLD

6

Open Colleges Australia

455

Internet Mark Rohald www.opencolleges.edu.au NSW

7

Infoready

315

Software Tristan Sternson www.infoready.com.au VIC

8

Cohort Digital

266

Internet Marcelo Ulvert & Malcolm Treanor www.cohort.com.au NSW

9

SurfStitch

255

Internet Justin Cameron www.surfstitch.com QLD

10

Virtual Machine Technology

242

Semiconductor/Componetns/Electronics Len Findlay www.vmtech.com.au NSW

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