Kuala Lumpur, Malaysia, 1 January 2011 Forest Interactive today announced that it ranked Number 79th on the Deloitte Technology Fast 500 Asia Pacific 2010, ranking of the 500 fastest growing technology companies in Asia Pacific. Rankings are based on the percentage revenue growth over three years.
Forest Interactive grew 401 percent during this period.
Forest Interactive’s CEO, Johary Mustapha credits its highly motivated young and dynamic team contributing to the company’s 401% revenue growth over the past 3 years. He said, â€œWe feel truly honored and excited to have been awarded as one of the recipients of the â€œTechnology Fast 500 in Asia Pacific 2010â€ award by Deloitte. This award simply proves that our effort in the mobile and telecommunications industry has been recognized in Malaysia and also through-out the Asian region. We will try to strive and work harder in the future to maintain our level of competitiveness among the industry and to also increase the quality of service which we have been providing to all our partners and customers.â€
â€œMaking the Deloitte Technology Fast 500 is commendable in todayâ€™s highly competitive technology industry,â€ said Yoshitaka Asaeda, Deloitte Japan partner in charge of the Deloitte Technology Fast 500 Asia Pacific program. â€œWe congratulate Forest Interactive on being one of the 500 fastest growing technology companies in the region.â€
â€œBecause Deloitte Technology Fast 500 Asia Pacific measures sustained revenue growth over three years, being one of the 500 fastest growing technology companies in Asia Pacific is an impressive achievement,â€ said Yoshitaka Asaeda, partner in charge of Deloitteâ€™s Technology Fast 500 Asia Pacific program. â€Forest Interactive deserves a lot of credit for its remarkable growth.â€
Overall, companies that ranked on the Deloitte Technology Fast 500 Asia Pacific 2010 program had an average growth rate of 322% percent.
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 â€œtechnology company,â€ 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.
About Forest Interactive
Forest Interactive Sdn. Bhd is a mobile content provider established in 2006 with operations in Malaysia and Indonesia. Its primary role is to provide a platform to enable content owners to distribute and charge for its contents targeted to mobile subscribers.
Forest develops their own customized SMS-TV Platform with TV-Formats targeting TV Broadcasters in both countries they operate in. Forest TV overlays allow the TV audience to play games, vote, chat, and purchase merchandise via SMS while viewing television. The interactive element engages the audience (increased ratings) and when coupled with Premium SMS can also serve as a substantial revenue generator.
Their technology enables TV Broadcasters to charge its audience via the Premium-SMS (PSMS) billing platform and push for two-way interactivity.