TIN100 Report

The Technology Investment Network: 2009 New Zealand Company Survey industry analysis was published last week.  The report, in its 5^th year and sponsored by NZTE and Ernst & Young, captures key data on New Zealand's 100 largest globally-focused technology businesses.

Some key facts from the report:

·     TIN100 companies in 2008/09 had revenues of NZ$6.6 billion and employed 23,300 staff.

·     In terms of offshore revenue that is 3rd behind dairy and tourism, and is larger that meat, wood, wool and wine exports.

·     Exports grew by 4%, accounting for 77% of total revenue.

·     Revenue growth was 2% (against 4% for the previous year).

·     Combined profitability before tax was 1% of revenue (down from 7% last year).

·     900 jobs were lost (a 4% reduction, with a third of business reducing headcount).

·     Of the 10 high-growth companies, three are publically listed.

·     Australia, North American and Europe are the largest export markets in order of size.  The US increased its share of business.

·     17 new companies were included in the list in 2009.

·     The health sector became the second largest category (behind appliances) as exports grew by 22% to NZ$880 million.

Cluster members who featured in the TIN100, in 2009, include:

·     Fronde

·     MedTech Global

·     Orion Healthcare

·     Simpl

·     Sysmex

Further information about the report is available here.  

Executive Meetings

The first Cluster Executive meeting for 2010 was held in Auckland yesterday.  Many thanks to Ernst & Young who very kindly hosted us at their Auckland Offices and generously supported a networking function immediately following the meeting.

The Executive has agreed to hold meetings in all locations where we have member organisations.  This will see us meet in Hamilton and Dunedin for the first time during 2010.

Our next Executive meeting will be in Hamilton on 25 March.  Those member organisations based in the Waikato and Bay or Plenty keep an eye out for an event on that date.