WELCOME TO THE 2020 TIN REPORT - 16th Edition A special thank you to our 2020 sponsors - Technology Investment Network
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WELCOME TO THE 2020 TIN REPORT 16th Edition A special thank you to our 2020 sponsors.
Introduction 01
Introduction
Kia Ora Welcome to the 2020 TIN Report
The word ‘unprecedented’ has been used so often to describe a critical mass of success in this sector which will provide a
the events of the past year that it has become something bedrock of resilience for this country in the years to come.
of a cliché. Still, not for a century has the world experienced
The key phrase that has resonated with me throughout 2020,
an existential and economic shock of the magnitude of the as TIN has conducted its annual survey and collated the data
COVID-19 pandemic that hit in 2020, and certainly not since received, is this – we may not have all the answers, but we do
the Global Financial Crisis of 2008 has the New Zealand tech have purpose. In the midst of this difficult year, and certainly
sector encountered circumstances such as these which for the years ahead, TIN’s purpose has never been clearer
have posed such potent challenges to its very survival. to me than it is now. We pursue a simple mission: to help
Although the COVID-19 pandemic arrived in New Zealand facilitate the growth of the technology sector in New Zealand.
at the every end of our financial year, the coronavirus This year, perhaps more than any other, putting together
that causes the disease had begun causing ripples in the TIN Report has been an incredible challenge. I warmly
the global economy as early as November 2019, when congratulate the entire TIN team for the energy and
it first appeared. As a result, this year’s TIN Report will cohesiveness they have brought to the task of delivering the
provide a partial view of the impact the pandemic has TIN Report over the last few months as we – along with every
had on the tech sector’s performance in 2020 so far. other business and organisation in New Zealand – moved
However, what we do see in this year’s TIN Report is immensely to working remotely, utilising every technological tool we
encouraging, as it shows the tech sector has continued had at our fingertips to stay connected and progressing
our research during lockdowns and alert levels.
its upward trajectory of growth for another financial year.
As such, it is not only strongly positioned to weather this In many ways it could be said that technology itself has
current storm but also to take advantage of New Zealand’s been a force for good, bringing people together to work
unique global position to harness the slingshot effect that on solutions for tackling the pandemic itself, as well as
such circumstances provide for innovation and growth. In keeping people safe and ensuring that surviving and thriving
the TIN Report, as always, you will see data that provides economically does not come at the expense of our humanity.
a map of the landscape that the New Zealand tech sector Again even more so this year, we are deeply grateful for
has traversed for the last financial year, which will provide the support of our sponsors, who in the midst of the
guidance for navigating the unfamiliar territory of a world ongoing financial impacts of the pandemic have remained
affected by a global pandemic in 2021, and beyond. committed to backing TIN and our mission. Our warmest
This year we can report that TIN200 revenue reached thanks to New Zealand Trade and Enterprise, Absolute
$12.7B, up 8.3% – or $972m – on 2019, which hasn’t quite IT, BNZ, EY, James & Wells, and NZX for sticking with us Greg Shanahan
matched the $1B annual growth recorded in the previous and so help us keep the NZ tech sector informed and Managing Director
equipped with data for travelling the road ahead. Technology Investment Network
two reports, but is still an impressive result. Included in that
revenue is $9.4B worth of exports, up 10.7% on last year, to And to those entrepreneurs, investors, company leaders
an increasingly diverse international market that is hungry and their employees that we encounter every day and
for Kiwi-designed and manufactured tech products. who make this sector the powerhouse of inspiration
The NZ tech sector also continues to be an engine for that it is; thank you and may you be encouraged by
significant job creation, adding over 4000 jobs in the last the wealth of information contained in this Report.
financial year, taking the TIN200’s total number of staff at home
and abroad to a record breaking 55,167. Add to this the fact
that New Zealand now has 56 tech exporting companies each Kia kaha me nga mihi nui!
reporting revenues of over $50m, and it’s clear that there is Greg Shanahan
Introduction 03
Contents
Welcome from Greg Shanahan, TIN.........................................................01 Market Sectors 33 Absolute IT Supreme Scale-Ups 2020 65
Foreword: New Zealand Trade and Enterprise...................................05 TIN200 Primary Sector Overview..............................................................34 TIN Absolute IT Supreme Scale-Ups 2020..........................................66
Data Source & Key Terms................................................................................06 TIN200 Primary Sector Markets.................................................................35 Next100 High-Growth Award Winners...................................................70
TIN200 Secondary Sectors Overview....................................................36
2020 TIN Report Overview 07 NZX Early Stage Companies 2020 71
TIN200 Secondary Sectors ..........................................................................37
Key Highlights.........................................................................................................08 NZX Early Stage Companies 2020............................................................72
2020 – An Unprecedented Year for NZ Tech Exporters...............09 Ownership & Investor Environment 41 Spotlight on the Regions: Funding Early Stage Growth...............73
Revenue Band Comparison...........................................................................10 Ownership Overview..........................................................................................42 Tracking Start-up Success:
Resilience and Scale: TIN200 Companies are Adaptable TIN Early Stage Companies 2018-2019................................................. 74
Private TIN200 Companies ...........................................................................44
and Responsive in a Changing World...................................................... 11 NZX Early Stage Company Profiles 2020..............................................76
Investment-Backed Private TIN200 Companies..............................45
Key Markets – Top 200 TIN Companies 2020....................................12
TIN200 Foreign Owned Companies ........................................................46 Company Profiles 81
TIN Rising Star Companies 2020...............................................................14
Public TIN200 Companies..............................................................................47 Index: TIN200 Company Profiles by
TIN Drivers of Success.....................................................................................15
An Especially Challenging Year for TIN200 Firms ...........................48 Secondary Market Sector..............................................................................82
ICT Companies Continue to Drive Growth in the
TIN200 Companies Buy Up............................................................................49 TIN100 Company Profiles...............................................................................84
Tech Export Sector.............................................................................................16
Year in Review: Māori-owned Technology Companies 2020 ..50 Next100 Company Profiles.........................................................................104
In-depth / The TIN200 17 Early Stage Company Profiles....................................................................111
Overview: Changes and New Companies ...........................................18 Mavericks 53
Movements: TIN200 Ranking Scale and Mavericks: The Series So Far.......................................................................54 About Us 117
Rocket Award Winner 2020...........................................................................19 Dr. Sean Simpson, Co-founder and About TIN................................................................................................................ 118
TIN200 Rankings 2020.....................................................................................20 Chief Scientific Officer, LanzaTech...........................................................55 Team TIN................................................................................................................. 119
Business Impact and Revenue Bands.....................................................24 Carmen Vicelich, CEO and Founder, Valocity Global.....................57 Appendix: Definitions.....................................................................................120
Economic Contributions.................................................................................25 EY Ten Companies to Watch 2020 59
Employment Growth..........................................................................................26 EY Ten Companies to Watch 2020 ...........................................................60
Cost Structures.....................................................................................................27 EY Ten Companies to Watch 2008 – 2020...........................................64
New Zealand Regions: TIN200 Economic Impact............................28
Spotlight on the Regions: The TIN200 Companies........................30
Spotlight on Latin America.............................................................................31
EY Ten Companies to Watch 2020 59
EY Ten Companies
to Watch 2020
L-R: Marcus Driller, VP Corporate, Fiona Cresswell, General Manager Marketing Operations,
and Winston Fong, VP of Surgical Technologies at Fisher & Paykel Healthcare
2019 TIN Report Launch, Skycity Convention Centre, Auckland, 31 October 2019
EY Ten Companies to Watch 2020 61
1 2 3
SECTOR: ICT / Fintech SECTOR: ICT / Software Solutions
SECTOR: High-tech Manufacturing /
Healthcare REVENUE ($000S): $718,200 REVENUE ($000’S): $106,000
REVENUE ($000’S): $1,263,700 GROWTH %: 29.9% GROWTH (%): 83.4%
GROWTH: 18.1% CAGR 5YR: 13.5% CAGR 5YR: 42.1% CAGR 5YR: 41.3%
GROWTH (000’S): $193,300 GROWTH ($000S): $165,400 GROWTH ($000’S): $48,200
PREVIOUS YEARS IN THE EY TEN TO WATCH: PREVIOUS YEARS IN THE EY TEN TO WATCH: PREVIOUS YEARS IN THE EY TEN TO WATCH:
2009, 2010, 2012 – 2019 2012 - 2019 New Entrant
Appearing on the EY Ten Companies to Watch list for In a global economy that has progressively moved For the first time, Seequent has made it to the EY Ten
the 11th time since 2009, and with a 5-year revenue business into the cloud over the last decade, demand Companies to Watch list with an impressive 2020 revenue
CAGR of 13.5%, Fisher & Paykel Healthcare has leapt for Xero’s online accounting software has continued to growth of $48.2m, up 83.4% on 2019. Headquartered
to the top of this list in 2020. This growth was buoyed grow, and 2020 was no exception. In Xero’s 2020 financial in Christchurch, Seequent specialises in developing
by demand for its respiratory products and systems year, operating revenue was $718 million, up 29.9% from geoscience analysis, modelling and visualisation
during the COVID-19 pandemic, with about 16 million the previous year. This result places Xero on the EY Ten software. Its world-leading technologies enable better-
patients around the world treated using their products. Companies to Watch list for the ninth year in a row. informed environmental and investment decision
making in the mining and minerals, civil construction
In 2020, the company’s operating revenue reached Xero has focused on maintaining the quality and continuity
and infrastructure, environmental and energy sectors.
$1.26B, up 18% over the previous financial year, or 14% in of its 100% cloud-based products and services. At the
constant currency. Net profit after tax was $287m, up 37% end of its 2020 financial year, the company had 2.285 Seequent’s innovative software is used in over 100
on the previous financial year. The company also opened million subscribers, and reported strong growth in countries on a diverse range of projects, including
a fourth manufacturing facility in New Zealand this year subscribers and revenue in the UK, North America, and critical, large-scale, earth, environment, and renewable
and successfully launched a new compact nasal mask Australia. In addition, in August 2020 Xero announced energy projects, to support complex decision-making on
for obstructive sleep apnea treatment. Fisher & Paykel the acquisition of Waddle, a cloud-based invoice lending subsurface geoscience and engineering design solutions.
Healthcare is continuing to grow the manufacturing capacity platform, to help improve small business cash flow. Leading Silicon Valley technology-focused private equity
of its hospital products during the 2021 financial year to firm Accel-KKR and New Zealand’s Pencarrow Private
With the challenge this year
ensure a further increase in respiratory product supply. Equity are supporting Seequent’s rapid global growth.
of not being able to connect
with customers in person,
“Success is always about Xero also designed and “Seequent’s continued focus, global
improving care and launched a free-to-watch growth, and performance are due to
outcomes for patients. This digital customer engagement the passion of 435 staff, support of
year, that means continuing 20,000 customers, and the surge of
series called Xero On Air.
to respond to the global acknowledgment around the world that
pandemic by scaling up our we MUST take greater steps to make
manufacturing capabilities, “While COVID-19 has required us to rapidly implement immediate solutions to help better decisions about the Earth and
so that our products are our customers, our long-term strategy and ambitions are unchanged. We remain our environment to sustain life. Assuring
available wherever they are committed to three strategic priorities: to drive cloud accounting around the world, the sustainability of the Earth's precious
needed around the world.” grow the small business platform, and build for global scale and innovation.” resources is at the core of Seequent’s
Lewis Gradon, CEO Steve Vamos, CEO purpose.” Shaun Maloney, CEO
Absolute IT Supreme Scale-Ups 2020 65
Absolute IT Supreme
Scale-Ups 2020
L-R: Shane Blackett, VP of Software and Technology,
Jessica Tulp, Chief of Staff, Hilary O’Connor, VP of Channel Partnerships and
Greg Montgomery, VP of Product Engineering & Software at Soul Machines
2019 TIN Report Launch, Skycity Convention Centre, Auckland, 31 October 2019
Absolute IT Supreme Scale-Ups 2020 67
1 2 3
SECTOR: ICT / Healthcare SECTOR: ICT / Fintech SECTOR: ICT / Software Solutions
REVENUE ($000): $12,638 REVENUE ($000): $13,747 REVENUE ($000): $12,400
GROWTH: 152% GROWTH: 92.1% GROWTH: 83.7%
CAGR 3YR: 90.1% CAGR 2YR: 166.8% CAGR 3YR: 14.1%
GROWTH ($000): $7,638 GROWTH ($000): $6,591 GROWTH ($000): $5,649
PREVIOUS YEARS ON SUPREME SCALE-UPS: PREVIOUS YEARS ON SUPREME SCALE-UPS: PREVIOUS YEARS ON SUPREME SCALE-UPS:
New Entrant New Entrant 2014
Wellington-based Volpara Health Technologies makes its Another star performer that is helping the Fintech 2020 has been a watershed year for high-growth tech
first ever appearance on the Absolute IT Supreme Scale- sector continue to lead TIN200 growth is Laybuy, investment vehicle, Enprise Group. Following their listing
Ups list this year, and also grabs the first place ranking, leaping onto the TIN200 for the first time in its relatively on the NZX in April 2019, the group has gone on to record
following stellar revenue growth of 152.8% in FY2020 short history, and immediately powering to second an impressive 83.7% growth in FY2020, placing them third
– up $7.6m – to total revenue of $12.6m. Ongoing high place on the Absolute IT Supreme Scale-Ups list for on the Absolute IT Supreme Scale-Ups list for 2020, and
demand for Volpara’s AI-powered breast cancer screening 2020 with revenue growth of $6.6m, or 92.1%. returning them to this list for the first time since 2014.
technology in the US has delivered this strong result, and
Founded in 2017, Laybuy has carved out a competitive niche Key moments that have driven company success over
also moved the company 54 places up the TIN200, earning
as a ‘buy now pay later’ payment platform that provides the last year have included officially acquiring Australian
the company TIN’s coveted Rocket Award for 2020.
consumers the ability to buy a product immediately from a company Kilimanjaro Consulting in January 2020,
Volpara’s software has helped more than 10 million women a participating retailer (who is paid in full) but only pay one- doubling their staff numbers from 50 to 100. In May 2020
year get better screening in the US, which is over 25% of that sixth of the purchase price upfront. The consumer then they took a controlling interest in iSell Pty Ltd, adding a
market. The company also continues to make significant in- pays Laybuy back in five weekly payments, interest free. further 20 to their total staff number across their stable
roads to both the Australian and New Zealand markets. The of companies, which also includes joint venture Datagate
The deceptively simple idea has become immensely popular
impact of COVID-19 has meant the company has pivoted Innovation, and a holding in Vadacom. The ultimate result
with both merchants and their customers, and at a recent
towards much more digital marketing and is working on has been a doubling of revenue that has seen the company
tally, Laybuy had 270,000 active customers in Australia
products to help with reporting around the coronavirus. jump 38 places up the TIN200 rankings from No.175 to
and New Zealand and 298,000 in the UK, with its future
No.137 – the third biggest rise on TIN’s list this year.
sight set on entering the US as its next growth engine.
“2020 was a landmark year “Enprise Group works to unlock
“We’re on a mission to for Laybuy. Listing on the mutual synergies to accelerate
prevent advanced-stage ASX provides us with the growth for all companies
breast cancers, so success critical capital we need to within the Group. Our investee
for us means we deliver early drive innovation and growth companies are benefiting
detection for many more women over next year. Success will from these interlocking
in the US, but also Australia and see us take advantage of the characteristics, which are a
New Zealand, so they can enjoy enormous growth opportunities hallmark of Enprise Group’s
longer and healthier lives with available in the European and growth strategy.”
their families.” North America markets.” Elliot Cooper, CEO
Dr Ralph Highnam, CEO Gary Rohloff, CEO
50 TIN Report 2020
Year in Review: Māori-owned Technology Companies 2020
How we come together in a crisis speaks to the New Zealand’s Growing Māori Tech Ecosystem
quality of our relationships.
This year, our technology sector responded infrastructure programme
TIN200 TOTAL: $162.0m*
to the urgent demands of masses of remote of its kind in the world.
workers and students, and economic, health Given Aotearoa was TIN100 Companies $141.7m*
and social challenges. We did this while facing amid a crisis, there
commercial uncertainties, and at times, set was little fanfare, but
aside competitive imperatives for a greater another prediction if Waikato Milking Systems NZ TIN2020 #42
good. Māori have a whakatauki (proverb) that I may; fresh ideas from
The Instillery TIN2020 #62
captures this: Ehara taku toa i te toa takitahi, Māori on connectivity,
engari he toa takitini. ‘Our strength is not that access, use and inclusion will move us Straker Translations TIN2020 #88
of a single warrior, but that of many.’ It refers to towards another disruption. I hope to
the collective effort necessary for success and tell you more in next year’s Report!
is attributed to Paterangi of Ngāti Kahungunu. Next100 Companies $20.3m*
So, to 2020’s highlights. We still have six
When COVID-19 arrived, Māori-owned companies in the TIN200, but one has moved
technology companies pivoted quickly to serve into the top 100. The Instillery joined Waikato
their customers, staff and communities. They Milking Systems NZ and Straker Translations, Whānau Tahi TIN2020 #167
moved further and faster into online spaces – a and made the EY Ten Companies to Watch Sentient Software TIN2020 #177
leap that many now view as an unexpected awards list. In the Next100 is Whānau Tahi,
opportunity. The Government will invest where Animation Research TIN2020 #183
Sentient Software and Animation Research.
it can best ensure economic growth. As a result, Closing in on the TIN200 is Emergency Q,
I predict Māori-owned companies will focus double winner in this year’s Hi-Tech Awards, and
on two areas; first, commercial-imperatives Early Stage Māori-owned Tech Companies
a NZX Early Stage Company award winner, along
will shift proportionately towards activities with Code Avengers. Total revenue for all six Representative sample
targeting short-term economic growth – Māori companies is a new record at $162.0m.
namely jobs and export; and second, there Readers may recall in 2019 revenues increased As usual, a strong pipeline of smaller companies exists – many in the early stages of
will be a greater preference for addressing 20.9%, twice that of all TIN200 companies either their R&D, pre-commercialisation or commercialisation journeys.
climate change and alternative land uses. (10.2%). This year is equally impressive,
1Centre Āhau Akudos Arataki Systems Arise Software Banqer Biolytix
Telecommunications history buffs know in with the overall revenue for Māori-owned
Blink Pay Boardingware Chester Consultants Code Avengers Dacreed
2009, Māori purchased a block of 3G spectrum companies up 21% compared to the overall
Delta Insurance EDU Systems Emergency Q Global Risk Consulting
and ushered in our third mobile carrier, TIN200 increasing by 8.3%. That’s exciting!
Hikurangi Enterprises HTK Group Incredible Skies Jobloads Kaha Software
2degrees. It was an affront to the limited We have some tough years ahead but Aotearoa KidsCoin Kiwa Digital Metia Interactive Navilluso Medical
competitive environment of the time, but is positioned well to meet the challenges. Nikora Ngaropo Motion & Design (NNMD) NZ Trade Group Origins Software
resulted in considerable reductions in mobile He toa takitini. Let’s continue to do this with
phone and data fees for all New Zealanders.
Plink Software Plus Group Precision Seafood Harvesting
a collective mindset. Tihewa mauri ora! Robotics Plus Takiwa Touch Media UBCO Vaka Interactiv
In the initial weeks of COVID-19, Māori acquired Robyn Kamira, Te Rarawa, Paua Interface Ltd, Waka Digital Weirdly Whare Hauora
telecommunications spectrum management Incredible Skies Ltd, 2020 NZ Hi-Tech Awards Lead
rights for 50MHz of the 3.5GHz band. It is the Judge, Board Member Institute of IT Professionals,
first Indigenous Peoples’ telecommunications Māori Economic Development Advisory Board). High-tech Manufacturing ICT Biotech *Includes some revenue estimates.
76 TIN Report 2020
NZX Early Stage Company Profiles 2020
CEO: Hamish Day CEO & FOUNDER: Ben Gleisner
SECTOR: ICT / Digital Media SECTOR: ICT / Software Solutions
REGION: Waikato REGION: Wellington
FORMATION (YEAR): 2012 FORMATION (YEAR): 2016
NAME OF INVESTORS: A range of private GOVERNMENT ASSISTANCE TO DATE: NAME OF INVESTORS: K1W1, NZ Growth
Angel investors Callaghan Innovation, Ministry of Social Capital Partners, Angel HQ, Ice Angels, Mark
TOTAL INVESTMENT TO DATE: US$2.34m Development, Ministry of Youth Development, Sainsbury, Nala Partners, 42collective, plus
WILL YOU BE SEEKING FURTHER INVESTMENT: Te Puni Kokiri. 100 other angel investors in 10 countries.
Yes 2020 REVENUE GROWTH (%): 100% TOTAL INVESTMENT TO DATE: $8m GOVERNMENT ASSISTANCE TO DATE: R&D Tax
WILL YOU BE SEEKING FURTHER INVESTMENT: Credits, Callaghan Innovation Project Grants,
Yes NZTE Market Validation (Australia).
Code Avengers online education platform (www.codeavengers.com) provides a
full suite of content for both educational institutes and individual learners. Their
mission is “ to provide confidence in a digital world” and to ensure no one gets left CoGo is a free consumer app that makes it easy for users to align their personal values
on the other side of the digital divide. The company’s team of school teachers, and spending, and helps businesses maximise the ROI of their sustainability initiatives.
software developers, designers, and business professionals have created interactive, Powered by Open Banking APIs, CoGo allows users to securely connect their
gamified courses catering to beginners through to college level learners. They teach banking data to the app and track their social and environmental impact – such as
a wide range of digital skills through a learn-by-doing approach as well as being their real-time carbon footprint. CoGo already integrates with 35 banks in the UK
registered professional development providers for the upskilling of teachers. and by the end of 2020 will have all major banks connected in New Zealand.
With over 50% of its employees being Māori or Pacific Islander, the company intentionally To date, more than 50,000 people have downloaded the app, and the company has
designs its courses with culturally responsive pedagogy and supports a wide range of signed partnerships in the last three months with Westpac (NZ) and NatWest (UK) to
initiatives that focus on providing digital skills to underrepresented communities in tech. help scale users.The company has ambitions to add more than 100 million users in the
Code Avengers also provides in-person Code Camps at schools from the United States, next five years, with the simple yet audacious aim to change the world for the better.
to the Netherlands, China, and Saudi Arabia.
“We’re doubling down on our expansion through the USA and Latin America in addition “Success for us will be changing the spending patterns of millions of consumers to better
to expanding the work we are doing providing digital skills to Indigenous communities align with their values. In doing so we will have incentivised thousands of companies to
from Papua New Guinea to Samoa and all throughout South Pacific. Success for us will improve their environmental and social impact. In short, we will be changing the world
be Code Avengers in every classroom.” for the better, more than anything else ever has.”
Hamish Day, CEO Ben Gleisner, CEO
84 TIN Report 2020
TIN100 Company Profiles
4RF Action Manufacturing ADInstruments AFT Pharmaceuticals Agility CIS
2020 2020 2020 2020 2020
RANK RANK RANK RANK RANK
87 45 65 24 75
CEO: Ian Troughton CEO: Grant Brady CEO: Alex Black CEO: Dr. Hartley Atkinson CEO: Craig Jones
REV 2020 ($000): $27,849* REV 2020 ($000): $64,000 REV 2020 ($000): $39,300* REV 2020 ($000): $105,600 REV 2020 ($000): $32,216*
DESCRIPTION: Design and DESCRIPTION: Manufacture and DESCRIPTION: Design and DESCRIPTION: Pharmaceutical DESCRIPTION: Software for
manufacture of digital microwave design of specialised vehicles. manufacture of high quality development and manufacture. utility and telecommunications
radios. KEY PRODUCTS: Ambulances, electronic hardware and software KEY PRODUCTS: Maxigesic and businesses.
KEY PRODUCTS: Communications campervans, refrigerated for the acquisition of biological Maxigesic IV, NasoSURF, Pascomer, KEY PRODUCTS: Engage, Engage
products for critical infrastructure. transport, and minibuses. signals and data recording for Crystaderm and HYLO Eye Drops. CSS, Engage CRM, Engage BI,
MARKET SECTORS: High-tech MARKET SECTORS: High- research and education. MARKET SECTORS: Biotech, Orion, and Orionlite.
Manufacturing, Communication tech Manufacturing, Heavy KEY PRODUCTS: Manufacture, Healthcare MARKET SECTORS: ICT,
Solutions Manufacturing distribution, sales, and marketing Communication Solutions
OWNERSHIP: Public
OWNERSHIP: Foreign Owned OWNERSHIP: Investment-backed of hardware platforms, education OWNERSHIP: Investment-backed
STAFF EMPLOYED: 86
Private software, and research software. Private
STAFF EMPLOYED: 77 FORMATION: 1997
STAFF EMPLOYED: 127 MARKET SECTORS: High-tech
FORMATION: 1998 STAFF EMPLOYED: 184
Manufacturing, Electronics RANK 2019: 33
FORMATION: 2012
RANK 2019: 86 FORMATION: 1998
RANK 2019: 44 OWNERSHIP: Private BEST BUSINESS DECISION 2020:
Increasing stock levels pre- RANK 2019: 76
BEST BUSINESS DECISION 2020: STAFF EMPLOYED: 184
COVID-19 hitting.
Upgrading to Microsoft 365 FORMATION: 1995
pre-COVID enabling off site RANK 2019: 59
management of key functions
during lockdown. 10
POSTAL ADDRESS: POSTAL ADDRESS: POSTAL ADDRESS: POSTAL ADDRESS: POSTAL ADDRESS:
PO Box 13506, Johnsonville, Private Bag 300977, Albany PO Box 587, PO Box 33203, Takapuna, PO Box 87313, Meadowbank,
Wellington 6035 Auckland 0752 Dunedin Central, Dunedin 9016 Auckland 0740 Auckland 1742
PHYSICAL ADDRESS: PHYSICAL ADDRESS: PHYSICAL ADDRESS: PHYSICAL ADDRESS: PHYSICAL ADDRESS:
26 Glover Street, 169 Bush Road, Rosedale, 77 Vogel Street, Level 1, 129 Hurstmere Road, Level 10, 56 Crawley Street,
Ngauranga Albany Dunedin Central Takapuna Ellerslie
CITY: Wellington CITY: Auckland CITY: Dunedin CITY: Auckland CITY: Auckland
PHONE: +64 (4) 499 6000 PHONE: +64 (9) 415 6069 PHONE: +64 (3) 477 4646 PHONE: +64 (9) 488 0232 PHONE: +64 (9) 623 3300
www.4rf.com www.actionmanufacturing.co.nz www.adinstruments.com www.aftpharm.com www.agilitycis.com
*Estimated revenue02 TIN Report 2020
TIN MEMBERSHIP
Technology Investment Network has two distinct membership offerings, one for New Zealand technology companies,
and another for the individuals and affiliate businesses that support them.
Benefits include access to bespoke reports, exclusive networking opportunities, discounts on TIN events and
publications, and introductions to investor networks.
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featuring in TINWire and the online TINTech directory. information on the technology sector. executives, to exchange ideas and key learnings.
OUR CURRENT MEMBERS
To join the companies that are already members of New Zealand's premier technology export network and view the full benefit entitlements, visit:
HTTPS://TIN100.COM/MEMBERSHIP118 TIN Report 2020
About TIN
The technology investment network (TIN) is a private company with a simple mission: to help facilitate the growth
of the technology sector in New Zealand. The TIN team delivers on this objective in the following ways:
Research and Analysis
TIN is the leading independent source of information on New Zealand’s
technology sector. We have been collecting and analysing data on New
Zealand technology exporting companies for 16 years. The annual TIN
Report (released in October or November) includes detailed analysis
of the sector’s performance for the year. It also ranks the top 200
technology companies by revenue and publicly recognises high growth
achievers with a series of annual awards. Since 2016 the TIN Report has
also included an annual listing of 100 promising Early Stage Companies.
In addition, TIN undertakes research and analysis, on request, for
industry participants, professional services firms, investors, TIN
member companies and Government clients. One such publication,
The Investor’s Guide to the New Zealand Technology Sector, originally
developed for the New Zealand Ministry of Business, Innovation and
Employment (MBIE),
aims to promote
more direct local and
foreign investment
in New Zealand’s
technology sector.
The next edition of TIN Events TINShed breakfast meetings – These are a unique
this Guide will be opportunity for CEOs of high-growth TIN companies to
2020 has been an unusual year for TIN due to
released in 2021. share best practice on a wide range of relevant topics.
COVID-19, as we usually organise a number of
Hosted at TIN partner venues, these exclusive events
All TIN publications industry events throughout New Zealand each year,
allow CEOs to openly discuss successful strategies
are available on our based around business critical topics that are of high
and explore challenges navigated and overcome.
website: tin100.com. interest to sector participants. Through our events we
aim to lead a cultural change and create a common TINTalk events – These were created to serve as
understanding of the power of the New Zealand export communication forums for the wider New Zealand
tech sector. technology community. The events include
presentations from TIN company leaders and other
TIN also produces TINWire, a free twice- In 2020 we have moved to holding TIN events virtually,
experts on issues that affect the growth of the sector.
monthly electronic news update on the and have appreciated the enthusiastic participation we
New Zealand technology sector. To have received from New Zealand’s tech community in
subscribe, or for more information about support of these. In 2021, we are hoping to be able to
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WWW.TIN100.COM/SHOPLoft 1, North Tower, Devonport Wharf, 1 Marine Square, Devonport, Auckland 0624 PO Box 32 525, Devonport, Auckland 0744, New Zealand Phone: +64 (9) 445 0362 www.tin100.com
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