Appsynth Flies High in Financial Times Growth-Company Ranking

Appsynth ranked as #1 IT and Software company in Thailand in Financial Times' 2023 High-Growth Companies listing.

Appsynth has been recognized as one of the fastest growing tech firms in APAC in Financial Times’ prestigious annual ranking of high-growth companies. Appsynth ranked 2nd among Thai companies and 153rd in the overall APAC region. In the IT and Software category, the largest sector in the ranking, Appsynth is the number one Thai firm and top ten in SEA.

The 5th annual Financial Times ranking of Asia-Pacific’s top 500 high-growth companies, compiled in partnership with global research provider Statista, has been the most competitive to date.

The list ranks firms from across the region by their compound annual growth rate (CAGR) in revenue between 2018 and 2021. In order to enter the ranking, a company needs to generate revenue of at least $100,000 in 2018 and at least $1m generated in 2021; with revenue growth between 2018 and 2021 that was primarily organic.

Appsynth posted annual revenue of US$9.96 million in 2021, up from US$2.21 in 2018, representing a growth rate of 370.1 percent. CEO Bob Gallagher said:

“We are proud to be part of this distinguished list of high-achieving companies and that we top the list in Thailand in the IT and Software category. Our high growth rate demonstrates a growing necessity in Thailand for companies to transform digitally and our leadership in serving this need”.

Appsynth supports clients through the full end-to-end process of building and growing successful digital ventures, including strategic consulting, design and development, data analytics and growth marketing, with a team of 130 digital experts based in Thailand.

For the full Financial Times ranking see here:

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