iBuyNew Rated Among Fastest Growing Asia Pacific Tech Companies

National online property marketplace iBuyNew Group Limited (ASX-IBN) has been named among the fastest growing technology companies in the Asia Pacific region. IBN ranked 67th on the Deloitte Technology Fast 500 Asia Pacific 2016, a ranking of the 500 fastest growing technology companies in the region. Rankings are based on percentage revenue growth over three years.

The recognition from Deloitte Technology comes after IBN was last month named among the top 100 fastest growing start-up businesses in Australia by BRW Magazine.

iBuyNew is a destination for off the plan property throughout Australia, with a wide selection of new property for sale. iBuyNew acts independently to ensure buyers are guided through the maze of opportunities, allowing them to review and compare all the property details under one roof.

iBuyNew CEO Mark Mendel paid tribute to the company’s entire team and credited IBN’s ongoing research and development efforts with the tremendous rate of revenue growth.

“These results are testament to the efforts of our entire team who have worked so hard to improve the iBuyNew marketplace to where it is today,” he said.

“This acknowledgement from Deloitte Technology provides us with further confidence that our recently launched online reservation system for new property purchases remains at the forefront of technology within the real estate industry.

“The entire management team is delighted with the result as our goal is to spearhead the long term vision for new property sales globally.

In October this year, IBN expanded by entering into a share purchase agreement to acquire 100 per cent of Melbourne-based property research advisers Nyko Property Pty Ltd. While Nyko does not sell properties, it assesses suitability of investments including rental returns. Projects are available through business partners in the financial sector (eg mortgage aggregation) and also the real estate sector, providing B2B and B2C property investment solutions.

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