ReadyTech has joined a select group of Australia’s most innovative and fastest-growing technology businesses, after being named a part of this year’s Deloitte Technology Fast 50 winner’s circle.
The Deloitte Technology Fast 50 recognises public and private technology companies for fast growth based on a detailed assessment of their percentage revenue growth over the past three years.
ReadyTech’s ability to accelerate growth in the last two years following two decades of organic expansion means it has now been recognised as a rising star of the technology community.
“We’ve been on a different journey to many fast-growing tech companies today, with a history of profitable expansion in the education software market,” ReadyTech CEO Marc Washbourne says.
“Rather than seeking early-stage capital investment, our story is one of bootstrapping our operation all the way through and growing our customer base over time through a land and expand strategy. You could say we’re a 20-year overnight success story.”
A late-stage private equity investment from Pemba Capital has enabled ReadyTech to accelerate organic growth and strategically acquire capabilities in complimentary software markets over the last two years, including in payroll, HR administration, behavioural science and predictive analytics.
At the Deloitte Technology Fast 50 Awards event on 15 November 2018, ReadyTech was honoured among other fast-growing technology companies that included fintechs Afterpay and PEXA.
“Australia is lucky to have such a thriving technology community. It was a privilege to be shoulder-to-shoulder with so many leading entrepreneurs at the Fast 50 Awards this year; with talent like that, I can only see the local technology ecosystem getting stronger in future.”
Washbourne thanked the ReadyTech team for their contribution to the company’s growth.
“We have a fantastic team of thinkers and developers that thrive on coming together to deliver better products and user experiences than our competitors in education and employment software.
“I look forward to working with them to continue our growth trajectory in 2019 and beyond, and thank Deloitte for their willingness to support the technology community’s best again this year.”