PHOTO - John E. Goeres - MD (principal), technology, media & telecommunications practice Deloitte Consulting SEA.
Consulting firm Deloitte's Technology Fast 500 Asia Pacific ranking has commended Malaysian firm MDT Innovations as the country's fastest growing tech firm with 3,130 percent revenue growth.
Deloitte Technology Fast 500's 10th edition said that MDT Innovations also ranked number 12 in the Asia Pacific, fuelled in part by the boom in gadgets and Web, semiconductor and Internet sectors in the region, according to Deloitte Consulting SEA managing director (principal), technology, media & telecommunications practice, John E. Goeres, speaking in December last year
MDT Innovations, a specialist in Radio frequency identification (RFID) technology and application solutions grew by 3130 percent in revenue over a three-year period. The average revenue of the Top 500 firms achieved 476 percent, a considerable increase from 2010's 374 percent and 2009's 361 percent, said Goeres.
"At number 12 in overall rankings, MDT Innovations has established itself in a unique league with the highest growth technology growth companies in the Asia Pacific," Goeres added. "This year's results support the trend line of strong performance for the information and communications technology (ICT) subsector in Malaysia."
"Digitisation and convergence of Internet, mobile communications, digital media, IT systems integration, and component / device manufacturing have allowed this industry to flourish, as demonstrated by Malaysia's Technology Fast 500 award results since 2008," he said. "A combination of government investments and its positive attitude towards ICT, an educated workforce, base ICT infrastructure, and increasing consumer and SME (small and medium enterprises) broadband penetration, have all positively contributed to an emerging, and increasingly vibrant ICT sector in Malaysia. We expect this trend line to continue."
Comprising more than 230 partners and 5,300 professionals in 22 office locations, the subsidiaries and affiliates of Deloitte Southeast Asia combine their technical expertise and deep industry knowledge to deliver consistent high quality services to companies in the region. In Malaysia, services are provided by Deloitte KassimChan and its affiliates.
Goere said that as the fastest growing technology company in Malaysia, MDT Innovations' competitive advantage could be traced to solid R&D investments and a track-record of RFID engineering competencies stemming from early involvement in the design and development of advanced display products and RF components.
MDT Innovations chief executive officer, Liew Choon Lian, said: "We are a small company with a big vision. The secret of our success is attributed by our continued research and development of next generation, highly competitive key components and modules, which fit perfectly into the bigger picture of highly sellable finished goods. Our products help our customers expand their market drastically, and hence we grow with them in a significant way."
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