Devoli Takes #1 in Deloitte Masters of Growth

Auckland, New Zealand – 21 November 2024 – Devoli, a leading innovator in wholesale telecommunications, has taken first place in Deloitte’s Masters of Growth Awards for 2024, with an outstanding 478% revenue growth over the last five years.

This prestigious accolade, part of Deloitte's annual Fast 50 programme, recognises businesses that demonstrate exceptional revenue growth and resilience over a sustained period.

The Masters of Growth Awards highlight companies that have transitioned from high-growth startups to enduring market leaders, showcasing consistent growth and strategic excellence. Devoli is no stranger to the top 10, but this year emerged as the top performer – a testament to its unwavering commitment to customer-centric innovation and operational excellence.

Devoli’s sustained revenue growth, industry impact, and innovative contributions to telecommunications were key factors in securing the top position.

"We’re really proud to be recognised as this year’s leader in the Masters of Growth Awards. This achievement reflects the dedication of our team, great partnerships with our customers and suppliers and our relentless pursuit of smarter, more efficient telecommunications solutions," said Karl Rosnell, CEO of Devoli. "Our success is rooted in our ability to adapt to market demands and deliver value that empowers our customers."

Devoli’s ascent to first place underscores its role as a dynamic force in New Zealand’s technology landscape. From its suite of wholesale services to its focus on automation and simplicity, Devoli has enabled scalable, flexible solutions for its wholesaler business customers and consumers alike.

"We’re committed to pushing boundaries, and we see this recognition as a launchpad for even greater impact," said Karl. "We’re excited about the future and remain dedicated to helping our partners achieve their goals through solutions that benefit their business.”

About Deloitte’s Masters of Growth Awards

The Masters of Growth Awards celebrate New Zealand businesses that achieve consistent and substantial revenue growth over three years or more. The awards spotlight organisations that transition from rapid-growth startups to long-term industry leaders.

Check out Deloitte's website here for more details on the Masters of Growth Index.