The rebalance of the S&P Dow Jones indices for September sees Pacific Edge (PEB) displaced from both the S&P/NZX 50 and S&P/NZX mid cap lists by petroleum products manufacturer New Zealand Refining (NZR). PEB takes NZR's place on the small cap index.
PEB has been included in fifth place in the Technology Investment Network TIN100 top 10 list of hot emerging companies for 2015, based on its global growth and positive revenue trajectory.
Selection is based on revenue growth for full year 2015 and includes companies with revenues of $3million $14million.
Tin managing director Greg Shanahan said several high growth New Zealand companies, including Pacific Edge, were gaining traction and exposure in the US, indicating a growing level of expertise and understanding of how to grow a global business.
PEB had been building its US market knowledge during the past three years and had an effective strategy to build awareness, trial and gain acceptance of its innovative bladder cancer diagnostic tests, he said.
The top 10 companies, from No1, are Pushpay, Vend, Serko, SimplHealth Solutions, Pacific Edge, Data Torque, Snakk Media, Straker Translations, ikeGPS and Connexionz.
