Cubic Defence New Zealand (CDNZ) was named one of ‘Ten Companies to Watch’ with the largest revenue growth in 2016 by Technology Investment Network (TIN), the publisher of the TIN100 Report in NZ.
The TIN100 Report tracks the performance of New Zealand’s 200 largest technology exporters in the fields of high-tech manufacturing, Information and Communication Technology (ICT) and biotechnology.
The TIN100 ‘Ten Companies to Watch’ recognises companies that achieved the highest dollar value increase in revenue during the past fiscal year as well as a minimum growth of five per cent. CDNZ reported an annual growth of $NZ29 million from 2015, totaling 2016 revenue of $NZ103 million.
CDNZ develops world-class, customised training solutions that enable defence customers to achieve performance-based training outcomes. The company grew in size by 20 per cent and significantly expanded the technical breadth of its training solutions in 2016.
“CDNZ’s strong revenue growth this year reflects our company’s ability to win large and demanding defense customers with innovative solutions of increasing scale and sophistication,” Eric Stierna, general manager of CDNZ said.
The twelfth edition of the TIN100 Report is now available at www.tin100.com