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Corporate payments and PCI compliance solutions provider, IP Payments, has been named in the 2011 Deloitte Technology Fast 50 for the fourth year in a row, recognised as one of the 50 fastest growing technology companies in Australia and one of the top 500 fastest growing across APAC.


The Deloitte Technology Fast 50 program, now in its eleventh year, ranks 50 of Australia's fastest growing public and private technology companies, based on percentage revenue growth over three years (2009 to 2011).

Mark Lewis, director of IP Payments said being named as one of the fastest growing Australian companies for the fourth year in a row showed the company's 'commitment to growth, our customers and continuing innovation across our product range.'

'Top ASX 50 and Fortune 500 organisations in Australia and the Asia Pacific region are already using our software solutions to transform their businesses. We will continue to drive our business forward as we look to grow our revenues even further next year,' Lewis said.

According to Joshua Tanchel, leader of Deloitte's Technology Fast 50 Program the Fast 50 winners have been 'impressive in the way they have embraced change, adopted new technologies and brought innovative solutions to the marketplace.

'Particularly impressive across all of this year's winning technology companies is the way they have all capitalised on opportunities in a somewhat cautious market and strategically prepared themselves for improved economic conditions.'

Tanchel said that total revenue for this year's Fast 50 winners was approximately $2.2 billion, up from $1.8 billion in 2010, with the average three-year revenue growth rate for this year's winners 209 percent.

 

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Peter Dinham

 

Peter Dinham is a co-founder of iTWire and a 35-year veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

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