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Deloitte: Singapore’s Interactive Digital Media breaks Top 20
January 13, 2013
By Rob Starr, Content Manager, Big4.com
Taiwan businesses held onto a lead over those from China clinched in 2011, contributing to the highest total number of fast-growth technology companies in Asia Pacific with 130 in the ranking, close to last year’s 133 companies, including two in the top 10 (ProCrystal Technology (no. 1) and Brightek Optoelectronics, no. 5 this year and no. 8 in 2011).
This news comes as Deloitte Singapore announced that Garena Online Private Limited (“Garena”) ranked 15th of all of Asia Pacific’s fastest-growing technology, media and telecommunications (TMT) companies in the Deloitte Technology Fast 500 Asia Pacific programme for 2012.
“Singapore’s most vibrant and inventive enterprises have overcome both the slowdown of China’s economic growth and the sluggish U.S. and Europe economies. We are truly pleased that these dynamic companies, whose achievements we benchmark at the Technology Fast 500 Asia Pacific programme, have demonstrated strong performance,” said Shariq Barmaky, Industry Leader of Deloitte Singapore’s TMT practice.
South Korea placed third with 71 companies making the ranking and two companies in the top 10. Australia delivered 60 companies to the top 500 while India contributed 55, including one in the top 5, Online Recharge Services (no. 4). New Zealand, despite its small market, had 45 companies ranked, and one in the top 10 (software company EROAD (no. 10), while Japan contributed 26, including the no. 7 entrant, software firm gumi Inc.
Mr Forrest Li, Founder and Group CEO of Garena, said: “We are honoured to receive this prestigious award by Deloitte. At Garena, we started with a mission to connect gamers worldwide and had support from our investors and the Interactive Digital Media Programme Office (IDMPO) hosted by Media Development Authority (MDA) in Singapore. We believe in providing the best gaming experience for our users – through our social platform Garena+ and the leading games that we publish across Southeast Asia and Taiwan.”