SOUL MACHINES NAMED AS ONE OF THE ABSOLUTE IT SUPREME SCALE-UPS IN THIS YEAR’S TIN REPORT
Auckland, 31 October 2019 – Technology Investment Network (TIN) has named Soul Machines one of the ten Absolute IT Supreme Scale-Ups in this year’s TIN Report, launched tonight at a gala awards event in Auckland.
The Absolute IT Supreme Scale-Ups 2019 are the Next100 companies (ranked between 101-200 in the TIN200) with the largest revenue growth in the past year.
Soul Machines was ranked 6th in the 2019 Absolute IT Supreme Scale-Ups list with revenue growth of 135.7%
The TIN Report monitors the performance of New Zealand’s 200 (TIN100 and Next100) largest technology exporters in the areas of Information and Communications Technology (ICT), High-tech Manufacturing and Biotechnology. It is sponsored by New Zealand Trade and Enterprise, Absolute IT, BNZ, EY, James & Wells and NZX.
“This year’s Absolute IT Supreme Scale-ups showcase a range of uniquely innovative companies which demonstrate the depth of innovation in this area,” said Greg Shanahan, managing director of TIN. “The companies are strongly competitive this year, with a significant number of small companies enjoying extraordinary growth.”
The combined growth for this year’s Absolute IT Supreme Scale-Ups was $59m, representing a collective revenue increase of 61.6%. The growth threshold for entry into the award rankings this year increased to $2.8m.
About the TIN Report
The TIN Report is produced by Technology Investment Network with sponsorship from New Zealand Trade and Enterprise, Absolute IT, BNZ, EY, James & Wells and NZX. The TIN Report is a critical reference for benchmarking the performance of New Zealand’s 200 largest globally focused technology companies. The size of the tech industry has grown significantly since 2005 and in recognition of this, TIN sent surveys to approximately 1000 companies in 2019.
About Technology Investment Network
Technology Investment Network (TIN) is a private company established in 1999 to facilitate the growth of the technology export sector in New Zealand. The company’s goal is to contribute to the New Zealand economy by supporting the growth of, large, sustainable, New Zealand based, global technology businesses. For more information visit www.tin100.com
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