Fashion website brandsExclusive took out the top gong of the 2012 Deloitte Technology Fast 50 with a record revenue growth of 1,335.1 per cent.
As Australia’s first by-invitation shopping club, brandsExclusive, who was the winner of last year’s Rising Star award, had the highest number of unique visitors per month. The company has a member base of over two million people, growing by 90,000 members per month. It partners directly with leading brands to offer sales events to its members.
The company also topped the Leadership Awards category, which provides recognition to winners with revenues in excess of $50 million.
Joshua Tanchel, leader of Deloitte’s Technology Fast 50 Program highlighted brandsExclusive’s long-term strategic sourcing relationships and understanding of the power of social media.
“brandsExclusive was the winner of our Rising Star award last year and it’s an understatement to say they have gone from strength to strength in the past 12 months. The sectors driving the growth in this year’s Fast 50 are online, software and the infrastructure needed to support these,” he said.
“The convergence of disruptive, post-digital technologies is changing the ways businesses must respond to individuals’ needs and expectations. brandsExclusive is a prime example of a business that has understood and embraced these changes and profited accordingly.
“In a challenging year for retailers, they have also shown that using powerful digital technologies, embracing mobility and having a strong consumer focus can bring success.”
Other retail-based companies who made it to the list of the Fast 50 included Kogan Technologies (4th), SurfStitch (11th) and Appliances Online (15th).
Other winners of the night also included Styletread who won the 2012 Rising Star award. an Australian online shoe store that also has operations in New Zealand. With the largest range of footwear in Australia, the company has developed its web-store platform on the base of a customised Magento open source platform.
The Rising Star award recognises high quality and innovative companies with strong growth potential that do not qualify for the Technology Fast 50 list, either as a result of having less than three years’ existing revenue data or not meeting the new $8 million threshold requirement of the Technology Fast 50 program.
The Deloitte Technology Fast 50 Program, now in its twelfth year, ranks 50 of Australia’s fastest growing public and private technology companies, based on percentage revenue growth over three years (2010 to 2012).
Look out for the Dec/Feb issue of RetailBiz magazine where we chat to these busineses one-on-one how their success.