Vinomofo takes top spot in Deloitte Technology Fast 50 Australia 2013
Announcement posted by Vinomofo 20 Nov 2013
Vinomofo takes top spot in Deloitte Technology Fast 50 Australia 2013
Online wine retailer records revenue growth of 1,723% over three years
Melbourne and Sydney, Australia – 20th November, 2013: Australia’s leading online wine retailer Vinomofo has taken out the top spot in the Deloitte Technology Fast 50 Australia 2013 awards, recording revenue growth of 1,723%.
Andre Eikmeier, co-founder and CEO of Vinomofo said, “My co-founders and I are pumped to be awarded the top spot by Deloitte. It has been a phenomenal ride for us – from a garage in Adelaide to a leader in the online wine market and the fastest growing tech start-up in the country.
“Our ranking is based on revenue growth, but to us this is a pure measure of the impact those millions of decisions we made along the way have had, and the traction we have been able to gain in the marketplace. We’re also very proud that we have been able grow profitably, rather than simply pump capital into marketing dollars to ‘buy’ our growth.
“We’ve got the most talented team with us, as well as the most awesome community of wine lovers. For us, our customers and suppliers aren't just transacting with us. To a large degree, they've invested in our journey, they believe in us, and have championed us from the beginning. This award is a nice validation for them as well as for our team. It makes everyone feel like they're a part of something good, something successful, and that they've played a part in that,” Eikmeier said.
Vinomofo contributes its success to its precise focus on the product vision – to create the best wine site on the planet by offering good wines and epic deals, and by being real people, without the snobbery that can sometimes be associated with wine. The company will continue to build the business online through amazing deals and engaging content, but it is also exploring more traditional routes to market in the offline world as well.
Now in its thirteenth year, the Deloitte Technology Fast 50 Australia 2013 program recognises and profiles Australia’s 50 fastest growing public or private technology companies, based on percentage revenue growth over three years (2011 to 2013).
Joshua Tanchel, leader of Deloitte’s Technology Fast 50 Program said: “Over the past few years brand new business models have emerged as a result of the connectivity and level playing field offered by the internet. This year we continue to see the rapid growth of businesses that could not have existed 10 or even five years ago.”
“The convergence of disruptive, post-digital technologies is changing the ways businesses must respond to individuals’ needs and expectations. Companies like Vinomofo continue to be an inspiration in the way they have achieved rapid growth by exploiting new opportunities in existing markets.”
For 2013, UK Trade & Investment (UKTI), the British Government’s international business development organisation, is a sponsor of the Deloitte Technology Fast 50. Richard Morris, the Director of UKTI Australasia was delighted by the finalists in this year’s program, saying: "It's great to see smart, knowledge-based businesses such as Vinomofo succeeding and thriving here in Australia, we hope that with our support we can help them to grow their business through expansion in the UK."
Ends
About Vinomofo Vinomofo is a leading online wine retailer that is focused on delivering good wines, epic deals, and ‘keeping it real’, without all the bowties and BS often associated with wine. Vinomofo was founded in 2011 by Andre Eikmeier, Justin Dry and Leigh Morgan. In early 2012, Australia's number online retailer, The Catch Group, invested into Vinomofo, and in July 2013 – with the help of a consortium of private investors, the original founders bought back the company, and have seen their growth continue. Vinomofo is headquartered in Melbourne, Australia. About The Deloitte Technology Fast 50 Australia The Deloitte Technology Fast 50 is part of the Deloitte Technology Fast 500 Asia Pacific program, which recognises technology companies that have achieved the fastest rates of annual growth in the Asia Pacific region during the past three years. The Leadership awards honour those Technology Fast 50 companies with revenues in excess of $50 million this year. 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. For more information about this year’s program please visit www.tech50.com.au | |
© 2012 Deloitte Touche Tohmatsu
About UK Trade & Investment
UK Trade & Investment is the Government Department that helps UK companies succeed in the global economy, and overseas companies bring their high-quality investment to the UK.
The UK is the largest European market for IT products and services, with Tech City in East London helping to make it Europe’s centre of innovation and the location of choice for tech and digital companies from around the world.