Douglas was named last night in the EY Ten Companies to Watch in this year’s TIN (Technology Investment Network) Report at a gala awards event in Auckland.
It is the third year in a row Douglas has made the Top 10 companies for revenue growth.
The TIN Report monitors the performance of New Zealand’s 200 largest technology exporters in the areas of Information and Communications Technology (ICT), High-tech Manufacturing and Biotechnology.
Dr Peter Surman says “Winning this award is recognition that Douglas is a significant contributor to the high technology economy of NZ. We are growing export revenue strongly in tough competitive markets such as the United States and Europe. This is an award that recognises the efforts and world class capabilities of the entire Douglas team.”
Established in 2008, the EY Ten Companies to Watch list has featured 41 companies in total over the years, with 28 firms appearing multiple times. Seven of 2017’s companies returned to the list this year. Douglas being one of them.
Kent Durbin says “For so long NZ has been overly reliant on the primary sector, however companies in the TIN 200 are now truly transforming the New Zealand economy and changing our society, and Douglas and its employees remain a key contributor to this transformation.”
“Last year Douglas revenue grew $36.6MM to $225.8MM. For 2018 TIN200 we were placed 5th for growth and only beaten by industry stalwarts Datacom and Fisher & Paykel Healthcare, and fast growing FinTech companies Xero and PushPay, so we are in excellent company” he says.
The TIN200 companies together have $11 billion in revenue, up $1 billion on last year, and together make up 10% of all exports.