The Deloitte Technology Fast500 Asia Pacific program recognizes technology companies that have achieved the fastest rates of annual revenue growth in Asia Pacific during the past three years. It includes companies based in Australia, China, Hong Kong SAR, India, Indonesia, Japan, Macau SAR, Malaysia, Philippines, New Zealand, Singapore, South Korea, Taiwan, Thailand and Vietnam. The program is supported by the Deloitte Technology Fast50 initiatives, which rank high growth technology companies by location or specifically defined geographic area and is sponsored by Deloitte's Technology, Media & Telecommunications (TMT) global industry group.

Over the past eight years, we’ve watched technology companies in Asia Pacific achieve incredible growth, and we’ve tracked their opportunities, ambitions, challenges and threats in the Deloitte Touche Tohmatsu (DTT) Global Technology, Media & Telecommunications (TMT) Industry Group’s annual Deloitte Technology Fast500 Asia Pacific Ranking and CEO Survey, one of the region’s most comprehensive and respected rankings of fast-growing technology companies.

In this—our eighth edition—we see how the world’s economic recession has shaped their plans and practices for growth. Key data is obtained from companies in Australia, China (Hong Kong), India, Japan, Korea, Malaysia, New Zealand, Singapore, Taiwan and Thailand. The ranking recognizes the top 500 technology companies,

both public and private, according to their revenue performance over the past three years.

The top five companies this year averaged a three-year revenue growth rate of 8,980 percent, significantly lower than last year’s record-breaking 30,038 percent, but more in keeping with the rates of 2007 (13,849 percent) and 2006 (6,799 percent). Overall, the average percentage growth rate for the entire 500 ranked companies was 361 percent, about half the rate in 2008.