First ever business to achieve Deloitte Masters of Growth status for five consecutive years

Press Release

Auckland, New Zealand – 8 December 2024

Devoli Makes History as First Business to Feature in Deloitte NZ Masters of Growth for Five Consecutive Years

Devoli, an innovator in wholesale connectivity technology, has achieved a historic milestone, becoming the first-ever company to feature in Deloitte’s prestigious Masters of Growth Index for five consecutive years.

The milestone cements Devoli’s position as one of New Zealand’s most consistently high-performing businesses, demonstrating sustained revenue growth and strategic excellence over the last decade.

The Deloitte Masters of Growth Index, part of the renowned Deloitte Fast 50 programme, celebrates established businesses that have achieved significant and sustained growth over a five-year period. While the Fast 50 highlights rapid growth over three years, the Masters of Growth honours companies that have transitioned from high-growth startups to successful, enduring businesses. Past alumni include some of New Zealand’s most iconic brands, and this year marks the programme’s 25th anniversary of championing Kiwi innovation and resilience.

From frequent Fast 50 rankings, through its first Masters of Growth appearance in 2021 to securing #1 position in 2024 with 478% growth over five years, and remaining at #12 in 2025, Devoli has consistently demonstrated its ability to scale, innovate, and deliver exceptional value to its partners across New Zealand and Australia.

Karl Rosnell, CEO of Devoli, said: “I’m incredibly proud that our team and technology has been recognised in Deloitte’s Masters of Growth for five years running. It reflects our commitment to automation, customer-centric innovation and the great partnerships we’ve worked hard to build and support over the years. Our Devoli connectivity platform is designed to support fast, efficient growth for our partners, so our success is inseparable from theirs. This achievement belongs to them as much as it does to us.”

Bill Hale, Partner at Deloitte Private, added: “Devoli’s journey through the Masters of Growth has been remarkable. The Masters of Growth Index celebrates businesses that not only achieve rapid expansion but sustain it over time – a real mark of resilience and strategic vision. Devoli’s five-year streak is unprecedented and speaks volumes about its ability to adapt and innovate in a competitive market.”

As Deloitte’s Fast 50 programme marks 25 years of recognising New Zealand’s fastest-growing businesses, Devoli’s achievement underscores the depth of talent and ambition within Aotearoa’s private sector. The company continues to push boundaries in telecommunications, leveraging their advanced connectivity technology to deliver scalable, flexible services for their partners.

About Deloitte Masters of Growth

The Masters of Growth Index, part of Deloitte’s Fast 50 programme, ranks New Zealand businesses that have achieved sustained revenue growth over five years. It celebrates companies that have evolved from high-growth startups into enduring market leaders.