Deloitte Technology Fast 50 Australia 2013 Powerful Connections

Transcription

Deloitte Technology Fast 50Australia 2013Powerful connectionsGO

Welcome to the Deloitte TechnologyFast 50 Australia 2013The Deloitte Technology Fast 50 Australia 2013 is a program thatrecognises and profiles fast growing technology companies. Theprogram ranks the 50 fastest growing public or private technologycompanies, based on percentage revenue growth over three years(2011 to 2013).The program includes the following related industry sectors: Communications/networkingSoftwareSemiconductors, components and electronicsBiotech, pharmaceutical and medical equipmentInternetComputers and peripherals.The Deloitte Technology Fast 50 is part of the Deloitte TechnologyFast 500 Asia Pacific program, which recognises technologycompanies that have achieved the fastest rates of annual revenuegrowth in the Asia Pacific region during the past three years. Itincludes those companies based in Australia, China, Hong KongSAR, India, Indonesia, Japan, Macau SAR, Malaysia, Philippines,New Zealand, Singapore, South Korea, Taiwan, Thailand andVietnam.While Deloitte does have existing relationships with some of theentities on the list, this does not influence or affect the outcomeof the final Technology Fast 50 list, which is judged on percentagerevenue growth.Technology companies are invited to self-nominate for the DeloitteAustralia Technology Fast 50 list via our website. Financial dataabout the top 50 companies is provided by the entrants andgathered via our online survey tool, DTermine. It is then crosschecked using each company’s financial information which havebeen verified by their accountants or a registered auditor.For further information regarding the Deloitte Technology Fast 50Australia program, please visit our website: www.tech50.com.au.

ContentsForewordObservations fromthe Winners’ CircleA word fromour sponsorCongratulationsto this year’swinners Leadership awardsRising Star awardsProfiling thisyear’s winnersLeadership awards –Winning companyRising Star awards –Winning companyContact us

ForewordThirteen might be an unlucky number for some but not for this year’s DeloitteTechnology Fast 50 participants. For the thirteenth year in a row we arecelebrating companies who are capitalising on the digital disruption reshapingthe local and international business landscape.ForewordA word from our sponsorCongratulations tothis year’s winners Leadership awardsRising star awardsObservations from thewinners’ circleProfiling this year’s winnersLeadership awards –Winning companyOur program recognises 50 organisations who are some of the fastest growingand uniquely positioned companies in the Australian technology industry.Some of these companies have become household names in a very short timeframe, a testament to the opportunities available to those agile, determinedand innovative enough to exploit them.Over the past few years brand new business modelshave emerged as a result of the connectivity andlevel playing field offered by the internet. This yearwe continue to see the rapid growth of businessesthat could not have existed 10 or even five years ago.The opportunities offered by cloud computing solutions and the creation ofnew virtual marketplaces will continue to be a catalyst for innovation andwealth creation.Our recent Positioning for Prosperity? Catching the next wave reportidentified agribusiness, international education, wealth management, tourismand gas as five industries where there is significant future global demand andAustralia is blessed with a natural advantage.Congratulations also go to: Kogan, third time winner and this year’s Leadership Award winner Pepperstone, this year’s Rising Star winners M2 Telecommunications (eighth-time winner) andTigerspike (seventh-time winner).This year’s composition reflects a consistent trend over the last few years to theinternet based businesses where: pure play internet companies continue to establish scale and market share cloud based SaaS models continue to gain momentum, and growth opportunities exist for managed service providers, cloud basedhosting providers and infrastructure players.We are seeing an accelerated level of disruption in new sectors demonstratedby these few examples: Temando in the online logistics market; Audinate in the audio video market; Open Colleges in the online education market; Bizcover in the online insurance market; and Siteminder in the hotel channel management market.I trust you will find this year’s Technology Fast 50 winners inspirational as theyhave embraced change, adopted new technologies and brought innovativesolutions to the market place. Businesses like these deserve the accolade ofbeing a Deloitte Technology Fast 50 winner and we see great times ahead.Together these five industries have the potential to replicate the impact ongross domestic product that resulted from the mining boom. The reportprovides a clear message to the technology sector, if you can enter thosemarkets to compete in an innovative way or service businesses already there,you could catch the wave and be carried along with them.Rising star awards –Winning companyMeanwhile, the companies in this year’s index continue to be an inspirationin the way they have looked for opportunities in existing markets or createdbrand new markets.Contact usCongratulations to this year’s winner, Vinomofo, one of the fastest-growingonline retailers.The company has grown by 1,723 per cent and become a shining light to otherentrepreneurs looking to set up and grow a business here in Australia.Joshua TanchelLeader, Deloitte Technology Fast 50 Program4

A word from our sponsorForewordA word fromour sponsorCongratulations tothis year’s winners Leadership awardsRising star awardsObservations from thegwinners’ circleProfiling this year’s winnersLeadership awards –Winning companynces –Rising star awardsWinning companyWe are excited to be supporting the Deloitte Technology Fast50 program in Australia for the second year running. It’s a greatcompetition which has given lift-off to some of Australia’s mostexciting companies.explain why Technology City has been by far the fastest-growingtechnology cluster in Europe in recent years. And a UK locationprovides the perfect springboard to Europe’s 500 million consumers– the world’s largest single market.I would first like to extend my congratulations to all the companiesthat have made it onto this year’s list. It is a fantastic achievementgiven how strong the ICT industry and entrepreneurship are inAustralia, and the competition you faced from other innovativecompanies that didn’t make the cut. Particular congratulations toVinomofo – this year’s winners – for their innovative approach toon-line wine retailing. I have no doubt that their business conceptcould be successfully applied to the UK given the strength ofexisting Australian wine sales to the UK.UK Trade & Investment has helped dynamic Australian hightechnology companies such as Appen Butler Hill, Invisible Artistsand Tigerspike grow their businesses through expansion in the UK.I hope that my teams – based in our offices in Sydney, Melbourne,Brisbane and Perth – will have the opportunity in time to workwith many of the companies on this year’s Fast 50 list. We canprovide free and confidential advice on all aspects of setting up anddoing business in the UK which can take much of the risk out ofexpanding overseas.The UK is a great place for technology companies to set up inand realise their business goals – it’s Europe’s leading market forsoftware and IT services, and has better ICT infrastructure than allother major European countries. Britain also has a competitive taxregime (corporate tax set to become the lowest in the G20), veryattractive R&D tax credits, the entrepreneurs’ visa, a skilled labourforce and ready access to capital from the world’s leading financialcentre – all making the UK a great business location. Together theyI would finish by congratulating Deloitte’s on another verysuccessful Technology Fast 50 program and by wishing all thecompanies on the Fast 50 list great success with their futurebusiness endeavours. I look forward to UK Trade & Investmentbeing associated with next year’s program.Nick McInnesConsul General &Director General UK Trade &InvestmentAustralia and New ZealandContact us5

Congratulations to this year’s winners.Second-time winnerSeventh-time winnerForewordA word from our sponsorCongratulations tothis year’s winners Leadership awardsRising star awardsObservations from thewinners’ circleProfiling this year’s winnersLeadership awards –Winning companyRising star awards –Winning companyThird-time winnerEighth-time winnerFourth-time winnerFifth-time winnerNo.Company nameGrowth %SectorCEO/MDWebsiteState1234VinomofoOutware MobileKoganAustralianRenewable Fuels1,723%849%827%812%Andre EikmeierEytan LenkoRuslan KoganAndrew omwww.arfuels.com.auVICVICVICVIC56TemandoOpen CollegesAustraliaInforeadyCohort Carl HartmannMark hort.com.auVICNSW255%242%QLDNSWRene Sugowww.mynetfone.com.auNSW1213MenulogOver the Wire220%219%InternetTelecommunicationsand NetworkingTelecommunicationsand NetworkingInternetTelecommunicationsand fStitchVirtual MachineTechnologyMyNetFoneTristan SternsonMarcelo Ulvert &Malcolm TreanorJustin CameronLen FindlayDan KatzMichael LD78910240%Contact us6

Congratulations to this year’s winners.Second-time winnerSeventh-time winnerThird-time winnerEighth-time winnerFourth-time winnerFifth-time winnerNo.Company nameGrowth %SectorCEO/MDWebsiteState14Noventus214%Keith Armstrongwww.noventus.com.auVIC15Web MarketingExpertPlanetInnovation186%Nick Bellwww.webmarketingexperts.com.auVICStuart %Lee Ellisonwww.audinate.comNSWObservations from thewinners’ circle181920171%157%151%Frank GrassoAshay PrabhuNicholas epayroll.comSAVICVICProfiling this year’s ardTony Fairbairnwww.bulletproof.net.auLeadership awards –Winning companywww.e3learning.com.auSARising star awards –Winning company23e-channel 3LearningSolutionsReal EstateInvestar AustraliaSiteMinderBalance InternetTelecommunicationsand NetworkingTelecommunicationsand pmentSemiconductor,Components David reInternetMike FordJames SWVICForewordA word from our sponsorCongratulations tothis year’s winners Leadership awards16175%Rising star awardsContact us24257

Congratulations to this year’s winners.Second-time winnerSeventh-time winnerForewordThird-time winnerEighth-time winnerFourth-time winnerFifth-time winnerNo.Company nameGrowth %SectorCEO/MDWebsiteState26116%James and NetworkingInternetMichael Gottliebwww.bizcover.com.auNSWA word from our s tothis year’s winners 28Tyro Payments102%SoftwareJost Stollmannwww.tyro.comNSW29Neon riCommunicationsDilignet100%Telecommunicationsand NetworkingSoftwareChristopherFlintoftJon tchuelMartin Christmasand Jack mmunicationsand NetworkingInternetJason Ashtonwww.bigair.com.auNSWDavid ionsand NetworkingSemiconductor,Components andElectronicsLisa BardenHarderPeter .auNSWLeadership awardsRising star awards31Observations from thewinners’ circle32Profiling this year’s winners33Leadership awards –Winning company34Rising star awards –Winning companyContact us95%Observatory Crest 95%Australia Pty.LimitedBigAir Group94%92%35The WebShowroomAppen Holdings36First Focus IT85%87%Software8

Congratulations to this year’s winners.Second-time winnerSeventh-time winnerThird-time winnerEighth-time winnerFourth-time winnerFifth-time winnerNo.Company nameGrowth %SectorCEO/MDWebsiteState3784%InternetBruce .com.auNSWLeadership awardsSimon BurkeRohan GambleAnthony com.auNSWNSWSARising star awards42M268%Geoff Horthwww.m2.com.auVICObservations from thewinners’ circle434445464748Kiandra ITTigerspikeNitrohipages.com.auAnsaradaCrucial al66%61%61%60%60%59%Telecommunicationsand NetworkingSoftwareInternetSemiconductor,Components andElectronicsTelecommunicationsand InternetAndy Jamieson394041SpeedwelleBusinessSolutionsSwitched OnMediaIPscapeMozoRedarc ElectronicsCameron BrookesLuke JanssenSam ChandlerDavid VitekSam RileyAaron .com.auVICNSWVICNSWNSWNSWTelecommunicationsand NetworkingTelecommunicationsand NetworkingJosh Newtonwww.r-group.com.auWAIan Gardinerwww.viocorp.comNSWForewordA word from our sponsorCongratulations tothis year’s winners Profiling this year’s winnersLeadership awards –Winning companyRising star awards –Winning company38495077%74%68%56%52%Contact us9

Leadership awardsThe Leadership awards honour those Technology Fast 50 winning companies with revenues in excess of 50 million this year. Not only isachieving 50 million revenue status a significant achievement, but so too is achieving revenue growth of sufficient proportions to makethis year’s Technology Fast 50 winners list.Congratulations to these seven companies!CEO/MDWebsiteState827% InternetRuslan Koganwww.kogan.comVICAndrew Whitewww.arfuels.com.auVICOpen Colleges Australia812% Biotechnology/Pharmaceutical/Medical Equipment455% InternetMark Rohaldwww.opencolleges.edu.auNSW4SurfStitch255% InternetJustin Cameronwww.surfstitch.comQLD5Vocus CommunicationsJames Spenceleywww.vocus.com.auNSWRising star awards6Appen HoldingsObservations from thewinners’ circle7M2116% Telecommunicationsand Networking87% Telecommunicationsand Networking68% Telecommunicationsand NetworkingForewordA word from our sponsorCongratulations tothis year’s winners Leadership awardsNo.Company name1Kogan2Australian Renewable Fuels3Growth % SectorLisa Barden-Harder www.appenbutlerhill.comNSWGeoff HorthVICwww.m2.com.auProfiling this year’s winnersLeadership awards –Winning companyRising star awards –Winning companyContact us10

Rising Star awardsThis year’s Rising Star awards recognise high-growth nominating companies who did not qualify for the Technology Fast 50, either as aresult of having less than three year’s existing revenue data or not meeting the new 8 million three-year cumulative revenue eligibilityrequirement of the Technology Fast 50 program. Whilst there were many exciting, fast growth companies who did not qualify for thisyear’s Australian program, the following companies have been selected as Rising Stars:ForewordA word from our sponsorCongratulations tothis year’s winners Leadership awardsRising star awardsNo.Company name1Pepperstone2Plan B Logistics34Growth % SectorCEO/MDWebsiteStateOwen Kerrwww.pepperstone.comVIC3,832% InternetPhillip Weinmanwww.planbgroup.com.auVIChealth.com.au Pty Ltd3,724% InternetAndy Sheatswww.health.com.auVIC1,372% CommunicationsSachin Rathi5Smart Business Telecom PtyLtdTemple & Webster1000% InternetBrian Shanahanwww.smartbusinesstelecom.com. VICauwww.templeandwebster.com.au NSW6Oneflare Pty LTd901% InternetMarcus Limwww.oneflare.comNSW7The Online Circle123% InternetJeff Richardsonwww.theonlinecircle.comVIC45,335% InternetObservations from thewinners’ circleProfiling this year’s winnersLeadership awards –Winning companyRising star awards –Winning companyContact us11

Observations from the Winners’ CirclePowerful connectionsOur analysis of the 2013 Technology Fast 50 highlights thefollowing:ForewordA word from our sponsorCongratulations tothis year’s winners Leadership awardsRising star awardsObservations fromthe winners’ circleProfiling this year’s winnersLeadership awards –Winning companyRising star awards –Winning companyContact us The total revenue of the index is approximately 1.7 billion,down from 2.4 billion in 2012 The majority of the top 50 companies are based in NSW. Thishas been a consistent pattern since the inception of the rankingin 2001. This year, 26 companies hail from NSW, with 15 fromVictoria Privately held companies dominate the index, with 45 being privately owned and 5 companies being listedInternet and software companies continue to lead the charge,with 32 total companies being involved in these industriesTwelve companies are involved in the communications/networking industry25 of the companies have appeared in the winners list inprevious yearsAverage three-year revenue for this year’s winners is 222%,down from 229% in 2012.Revenue levels201320122011201020092008Greater than 100m234312 50m – 100m574363 20m – 50m5891377 5m – 20m312527191415776122223505050505050 1,692 2,400 2,220 1,836 1,066 89420132012201120102009 1m – 5mTotalTotal Revenue ( m)Industry 19Communications/Networking121112101312Computers and 2Other--112Total50505050505012

Observations from the Winners’ CircleFast 50 by state2013ForewordA word from our sponsorCongratulations tothis year’s winners Leadership awardsRising star awardsObservations fromthe winners’ circleProfiling this year’s winnersLeadership awards –Winning companyRising star awards –Winning companyContact talListed vs. te454244364239Total505050505050Serial successMultiple year winners (consecutive and non-consecutive) include:Eighth yearSeventh yearFifth year M2 Telecommunications Group Pty Ltd Tigerspike Pty Ltd Ansarada Pty LtdFourth yearThird yearSecond year BigAir Group LtdBulletproof Networks Pty LtdVocus Communications LtdRedarc Electronis Pty LtdSpeedwell eBusiness Solutions Pty LtdKogan Technologies Pty LtdSurfStitch Pty LtdBizCover Pty LtdAppen Holdings Pty LtdObservatory Crest Australia Pty LtdMozo Pty LtdSiteMinder Pty LtdSwitched on Media Pty Ltde3Learning SolutionsNeon Stingray Digital Services Pty LtdInfoready Pty LtdCohort Digital Pty LtdAstute Corporation Pty LtdMyNetFone Pty LtdThe Web Showroom Pty LtdTyro Payments Pty LtdRedarc Electronics Pty LtdAustralian Renewable Fuels LtdNitro13

Profiling this year’s winnersFast 50 2013 – Ranked 1VinomofoSector: InternetCompany structure: PrivateSector: SoftwareCompany structure: PrivateGrowth: 1,723%Leader: Andre EikmeierGrowth: 849%Leader: Eytan LenkoLocation: VICForewordA word from our sponsorCongratulations tothis year’s winners Leadership awardsRising star awardsObservations from thewinners’ circleProfiling thisyear’s winnersLeadership awards –Winning companyRising star awards –Winning companyContact usFast 50 2013 – Ranked 2Outware MobileLocation: VICVinomofo’s mission is to break down the barriers and bringawesome wines to a whole new generation of wine lovers. Theirstrength and success is in its customer relationship model. Theygather a lot of data on customer preferences, and this enablesthem to be more relevant in what they offer via their purchasepropensity engine, which assesses the likelihood of a customerto buy a given offer based on predictive analytics. That, and theirdirect relationships with producers, enables them to buy better,and therefore offer their members the best deals on the bestwines in the country.Outware has been at the frontier of mobile app developmentsince the iPhone went mainstream in 2009, producing technicallychallenging apps that are visually appealing and easy to use. Whatsets Outware apart is their strong design and technical focus. Theyhave built an extremely strong team and have invested heavily ina process that ensures that the business is scalable. They are a fullservice business that provides management, design, development,testing and support services to clients. Outware developed withmany of Australia’s highest-profile apps including ANZ, Visa, SEEK,NRL, AFL and Telstra.More at: www.vinomofo.comMore at: www.outware.com.auFast 50 2013 – Ranked 3KoganSector: InternetCompany structure: PrivateGrowth: 827%Leader: Ruslan KoganLocation: VICKogan is a designer, manufacturer and retailer of consumerelectronics. Kogan’s business model enables it to bring the latest andbest consumer electronics and home appliances direct to shoppersthrough kogan.com and kogan.co.uk. Kogan engages its customersthrough its blog, Facebook and Twitter and releases new productsbased on the feedback received through these platforms. Thecompany’s patent-pending innovation LivePrice provides transparencyto the production process, and allows shoppers to save even more byordering products while they’re still being manufactured.More at: www.kogan.com14

Profiling this year’s winnersFast 50 2013 – Ranked 4Australian Renewable FuelsSector: Life SciencesCompany structure: PublicSector: SoftwareCompany structure: PrivateGrowth: 812%Leaders: Andrew WhiteGrowth: 794%Leader: Carl HartmannLocation: VIC ForewordA word from our sponsorCongratulations tothis year’s winners Leadership awardsWith a focus on producing high quality biodiesel and asteadfast commitment to environmental sustainability, AustralianRenewable Fuels (ARFuels) is proud to be the only public-listedbiodiesel entity and national biodiesel company in Australia.ARFuels currently produces clean and sustainable alternative fuels,managing a planned roll-out of biodiesel plants within Australia.It is further implementing an expansion program overseas,involving the establishment of biodiesel plants.More at: www.arfuels.com.auRising star awardsFast 50 2013 – Ranked 5TemandoLocation: QLDTemando is an industry leading and comprehensive DeliveryManagement Platform. The unique business helps over 40,000clients deliver to millions of customers around the world. Temandointegrates with almost anything, including content managementsystems (CMS), marketplaces such as eBay, accounting systems,enterprise resource planning (ERP) systems, and more. Specifically,Temando integrates with shopping carts to increase conversionrates and streamline the fulfilment value chain by offering anunrivalled carrier agnostic platform that interacts with over 400potential fulfilment providers globally.More at: www.temando.comObservations from thewinners’ circleProfiling thisyear’s winnersLeadership awards –Winning companyRising star awards –Winning companyContact us15

Leadership awards – Winning companyKoganSector: InternetCompany structure: PrivateGrowth: 827%Leader: Ruslan KoganLocation: VICForewordA word from our sponsorCongratulations tothis year’s winners Leadership awardsRising star awardsKogan is a designer, manufacturer and retailer of consumerelectronics. Kogan’s business model enables it to bring the latestand best consumer electronics and home appliances direct toshoppers through kogan.com and kogan.co.uk. Kogan engages itscustomers through its blog, Facebook and Twitter and releases newproducts based on the feedback received through these platforms.The company’s patent-pending innovation LivePrice providestransparency to the production process, and allows shoppersto save even more by ordering products while they’re still beingmanufactured.More at: www.kogan.comObservations from thewinners’ circleProfiling this year’s winnersLeadership awards –Winning companyRising star awards –Winning companyContact us16

Rising Star awards – Winning companyPepperstoneForewordA word from our sponsorCongratulations tothis year’s winners Leadership awardsSector: InternetCompany structure: PrivateLocation: VICLeader: Owen KerrPepperstone is a foreign exchange broker providing seven onlineplatforms that enable trading of 62 currencies and metals on theinterbank currency market. Pepperstone has created an OpticalFibre network 14 miles from Wall Street in New York connectingthe trading floors of 22 the world’s biggest banks. This Interbanknetwork aggregates the FX prices that these banks are quotingfor buying and selling currency and then offers the best price toPepperstone’s clients.More at: www.pepperstone.comRising star awardsObservations from thewinners’ circleProfiling this year’s winnersLeadership awards –Winning companyRising star awards –Winning companyContact us17

Contact usForewordA word from our sponsorCongratulations tothis year’s winners Leadership awardsRising star awardsObservations from thewinners’ circleProfiling this year’s winnersLeadership awards –Winning companyRising star awards –Winning companyContact usStuart JohnstoneNational TMT Leader 61 (0) 3 9671 6518stujohnston@deloitte.com.auPaul MastersSydney Tax Structuring 61 (0) 2 9322 7851pmasters@deloitte.com.auJosh TanchelLeader, Deloitte Technology Fast 50 programSydney 61 (0) 2 9322 7258jtanchel@deloitte.com.auAdrian BattyMelbourne Business Services 61 (0) 3 9671 7858abatty@deloitte.com.auDamien TamplingCorporate FinanceSydney 61 (0) 2 9322 5890dtampling@deloitte.com.auPaul CarrMelbourne Audit & Advisory 61 (0) 3 9671 7350paulcarr@deloitte.com.auJacqui ClarkeSydney Business Services 61 (0) 2 9322 7422jacquiclarke@deloitte.com.auNick NgMelbourne Business Services 61(0) 3 9671 7695NicNg@deloitte.com.auPaul MarinoSydney Tax Structuring 61 (0) 2 9322 3602paumarino@deloitte.com.auTim MurtonAdelaide Business Services 61 (0) 8 8407 7135tmurton@deloitte.com.auSydneyDeloitte225 George StreetSydney NSW 2000PO Box N250 Grosvenor PlaceSydney NSW 1220 AustraliaTel: 61 (0) 2 9322 7000Fax: 61 (0) 2 9322 7001www.deloitte.com.au18

SydneyDeloitte225 George StreetSydney NSW 2000PO Box N250 Grosvenor PlaceSydney NSW 1220 AustraliaTel: 61 (0) 2 9322 7000Fax: 61 (0) 2 9322 7001www.deloitte.com.auia devicesThis publication contains general information only, and none of Deloitte Touche Tohmatsu Limited, its member firms, or their related entities(collectively the “Deloitte Network”) is, by means of this publication, rendering professional advice or services.Before making any decision or taking any action that may affect your finances or your business, you should consult a qualified professional adviser.No entity in the Deloitte Network shall be responsible for any loss whatsoever sustained by any person who relies on this publication.gAbout DeloitteDeloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network of member firms,each of which is a legally separate and independent entity. Please see www.deloitte.com/au/about for a detailed description of the legal structure ofDeloitte Touche Tohmatsu Limited and its member firms.Deloitte provides audit, tax, consulting, and financial advisory services to public and private clients spanning multiple industries. With a globallyconnected network of member firms in more than 150 countries, Deloitte brings world-class capabilities and high-quality service to clients, deliveringthe insights they need to address their most complex business challenges. Deloitte has in the region of 200,000 professionals, all committed tobecoming the standard of excellence.rencesAbout Deloitte AustraliaIn Australia, the member firm is the Australian partnership of Deloitte Touche Tohmatsu. As one of Australia’s leading professional services firms,Deloitte Touche Tohmatsu and its affiliates provide audit, tax, consulting, and financial advisory services through approximately 6,000 people acrossthe country. Focused on the creation of value and growth, and known as an employer of choice for innovative human resources programs, we arededicated to helping our clients and our people excel. For more information, please visit Deloitte’s web site at www.deloitte.com.au.Liability limited by a scheme approved under Professional Standards Legislation.Member of Deloitte Touche Tohmatsu Limited 2013 Deloitte Touche Tohmatsu.MCBD Syd 11/12 04799119

26 Vocus Communications 116% Telecommunications and Networking James Spenceley www.vocus.com.au NSW 27 BizCover 110% Internet Michael Gottlieb www.bizcover.com.au NSW 28 Tyro Payments 102% Software Jost Stollmann www.tyro.com NSW 29 Neon Stingray 101% Internet Christopher Flintoft www.neonstingray.com NSW 30 Azzurri Communications 100% .