The Australian technology scene is booming with Australia starting to really move and shake in the technology and online space.
Every year, Deloitte compiles a list of the Fast 50 rapidly growing Australian IT, communications, biotech, components and hardware companies.
The company that they named the fastest growing technology company last year was Anittel. Anittel was able to achieve revenue growth of 1000% over the preceding 3 years. The company also is one of only eight technology companies that have been able to achieve revenue of over fifty million dollars. The other five that have achieved this is iiNet, M2 Telecom, Energy Matters, Catch of the Day, iSelect, Aussie Farmers Direct, and Atlassian Corporation.
A majority of the companies in the top 50 are based in Victoria. The only one that is based in Queensland is SurfStitch which has achieved amazing growth for an online clothing retailer. They have employed a strategy of providing a great service and frequent availability of a Surfstitch promo code.