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LX Group Ranked Number 407 Fastest Growing Technology Company on the Deloitte Technology Fast 500™ Asia Pacific 2013

22nd December 2013
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Tech_Fast500_AP_CMYK-2013-620x320Attributes its 75.06 Percent Revenue Growth to its innovative approach to business operations.

Sydney, Australia, 18 December 2013 – LX Group today announced that it ranked Number 407 on the Deloitte Technology Fast 500™ Asia Pacific 2013, a ranking of the 500 fastest growing technology companies in Asia Pacific. Rankings are based on percentage revenue growth over three years. LX Group grew 75.06% percent during this period.

LX Group’s CEO, Simon Blyth, credits its innovative approach to business operations, focus on remaining on top of emerging technologies and team dedication with the company’s 75.06% revenue growth over the past three years. He said, “We could not have achieved this level of growth without the whole LX team being dedicated to the company and its clients. We are a firm believer you have to spend time working on the company. Think of business initiatives as small start-ups and give them the time and attention all start-ups need to be successful. You also need to ensure you keep ahead of your competitors by embracing new technologies quickly to continually broaden the potential solutions you can offer to clients.”

“Making the Deloitte Technology Fast 500™ is commendable in today’s highly competitive technology industry,” said Ichiro Nakayama, Deloitte Japan partner in charge of the Deloitte Technology Fast 500™ Asia Pacific program. “We congratulate LX Group on being one of the 500 fastest growing technology companies in the region.”

The LX Team is thrilled to make its first appearance on the Deloitte Technology Fast 500™ Asia Pacific 2013 list.



 

Deloitte Technology Fast 500™ Asia Pacific selection and qualifications

The Technology Fast 500™ list is compiled from the Deloitte Asia Pacific Technology Fast 50 programs, nominations submitted directly to the Technology Fast 500™, and public company database research. To qualify for the Technology Fast 500™, entrants must have had base-year operating revenues of at least US$ 50,000. Entrants must also be public or private companies headquartered in Asia Pacific and must be a “technology company,” defined as a company that develops or owns proprietary technology that contributes to a significant portion of the company’s operating revenues; or manufactures a technology-related product; or devotes a high percentage of effort to the research and development of technology. Using other companies’ technology in a unique way does not qualify.

 

LX Group is a multi-award-winning Australian electronics design house traditionally specialising in wireless and low-power electronics designs. LX Group is at the forefront of IoT (Internet of Things) and M2M (Machine to Machine) technology – the convergence of hardware devices, the cloud and apps. We offer clients a professional turnkey experience, with services designed to take a new product idea from concept through to production. We focus on fully understanding all aspects of the clients’ requirements (both technical and business) and work on a tailored solution to ensure these requirements are met on time and within budget.

Our high calibre engineering team has over 150 years of combined product development experience and the team has won national and international awards. We have experience across a wide range of technologies and industries, and work with clients both in Australia and abroad.

 

We strive to develop long-term relationships with our clients through:

  • Ensuring a culture of innovation and creativity within LX
  • Developing award-winning designs
  • Providing industry-leading engineering expertise
  • Leveraging extensive experience in a multitude of technologies
  • Harnessing experience across a wide range of industries
  • Ongoing commitment to our clients and their evolving needs
  • Providing a professional outsourcing experience
  • Providing a clear process for first-time product developers

 

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Deloitte provides audit, tax, consulting, and financial advisory services to public and private clients spanning multiple industries. With a globally connected network of member firms in more than 150 countries, Deloitte brings world-class capabilities and high-quality service to clients, delivering the insights they need to address their most complex business challenges. Deloitte has in the region of 200,000 professionals, all committed to becoming the standard of excellence.

This communication contains general information only, and none of Deloitte Touche Tohmatsu Limited, its member firms, or their related entities (collectively, the “Deloitte Network”) is, by means of this communication, rendering professional advice or services. No entity in the Deloitte Network shall be responsible for any loss whatsoever sustained by any person who relies on this communication.

LX GroupLX Group Ranked Number 407 Fastest Growing Technology Company on the Deloitte Technology Fast 500™ Asia Pacific 2013

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