Parking Sense tipped for success in the Central North Island Fast 50
Cambridge company Parking Sense has been named as a rising star with high potential at the regional Deloitte Fast 50.
Deloitte Fast 50 Central North Island regional winners were announce on Wednesday night at cocktail events around the country. Categories range from the fastest growing exporter to the rising star regional winner.
Parking Sense, which makes a guidance system for undercover carparks, using lights and sensors to lead drivers to empty parking spaces, was named as the region's rising star.
The rising star award was designed to complement the Deloitte Fast 50 and are for businesses that do not qualify for the main list but are recognised as early-stage, innovative, high potential companies.
Parking Sense's systems have recently been installed in an office building in Dallas, Texas, and in Sylvia Park, Auckland.
The company has also won a tender to install the system in 21,000 car parks in lots across Los Angeles.
Deloitte Private partner Doug Wilson said this year's central North Island regional winners show any type of business, from any place in New Zealand, can do well with the right approach.
"These companies live and breathe innovation, challenge the status quo and have the determination and drive that's seen them achieve spectacular year-on-year growth," Wilson said.
"A common theme behind their success is the ability to identify and then capitalise on a point of difference from their competitors. They do a specific thing very well and they really try and nail that niche."
The companies have earned the right to join other high growth companies from around the country at the annual Deloitte Festival of Fast Growth in November, where the final rankings and growth percentages of our national Fast 50 index, plus the national category winners and national Rising Star winner, will be announced.
The national Deloitte Fast 50 index, category winners and Rising Star will be unveiled at the festival in Auckland on November 16.
Central North Island winners
Fastest growing services business: Construction firm ZB Homes
Fastest growing manufacturer: Civil and road side construction company Splice Construction
Fastest growing retail or consumer products business: Sports supplements firm Cobra Labs
Fastest growing technology business: Broadband service provider Ultrafast Fibre
Fastest growing exporter: Sports supplements firm Cobra Labs
Fastest growing mature business (operating for 15 years of more): Construction company Anthem Homes
Fastest growing agriculture business: Manufacturing firm Gallagher
Rising star: Carparking guidance technology company Parking Sense
Rising star (one to watch): Engineering firm Civtec