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Malaysia's fastest growing tech firms defy slowdown

AvantiKumar | Jan. 17, 2013
Malaysia's ICT sector is thriving: Deloitte Technology Fast 500 Asia Pacific 2012.

John Goeres - Deloitte Consulting

Photo - John E Goeres, Industry Leader, Deloitte Southeast Asia's TMT Practice.

 

According to Deloitte Technology Fast 500 Asia Pacific 2012 rankings, Malaysia's fastest growing technology, media and telecommunications firms are growing despite the economic slowdown, said the financial analyst firm Deloitte Malaysia.

Malaysia-based eCEOs, a company focusing on project management and business intelligence, grew its revenue by 429 percent over the three-year period. This year, the average revenue growth of the top 500 firms came in at 467 percent, just under 2011's 476 percent and far above 2010's 374 percent, said Deloitte Southeast Asia industry leader of the region's TMT practice, John E Goeres.

"Through its support in Malaysia's Information and Communications Technology (ICT) development, eCEOs is successfully riding the ICT growth wave of recent years. Once again, Malaysia has proved that its ICT sector is vibrant and thriving," said Goeres.

"eCEOs has come a long way since our establishment in 2007. This ranking reaffirms that we are accelerating in the right direction, and the healthy three-year growth rate has provided us with a firm springboard for our future growth," said eCEOs chief executive officer, Jailani bin Mustafa.

Jailani said eCEOs, which started as a provider of electronic project management solutions (ePMO), has since expanded its services to include business intelligence and business process consulting, among others.

"Today, eCEOs operate from two locations - iCity and Wangsa Maju - and has been awarded the MSC (formerly Multimedia Super Corridor) Malaysia status by the Government of Malaysia through the Multimedia Development Corporation. This recognition is conferred on ICT and ICT-facilitated businesses that develop or use multimedia technologies to produce and enhance their products and services," he said.

Deloitte Malaysia TMT practice industry leader Jimmy Lai said Malaysia made it to the top 150 rankings, with eCEOs coming in at No.146. Startups Aemulus Corporation Berhad and Kreateevee also showed strong rankings in the top 300 representing Malaysia's growing ICT and software subsectors.

"Malaysia's most vibrant and inventive enterprises have overcome both the slowdown of China's economic growth and the sluggish U.S. and Europe economies," said Lai. "We are truly pleased that these dynamic companies, whose achievements we benchmark at the Technology Fast 500 Asia Pacific programme, have come out of the crisis with strong performance."

The full listing of winners of the Technology Fast 500 Asia Pacific programme for 2012, nomination details and eligibility criteria can be found at www.deloitte.com/fast500asiapac.

 

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