Fastest-Growing ConTech Firm in HK: Varadise Honored in Deloitte Technology Fast Program 2023

HONG KONG, January 2024 – Varadise Limited has been officially recognized as the fastest-growing construction technology enterprise in the Deloitte Technology Fast Program 2023. By securing a spot in the Top 15, the firm was listed by Deloitte’s Technology Fast programme, which ranks companies based on revenue growth.

Cross-Sector Validation: A Benchmark for Market Credibility

The significance of the Deloitte Technology Fast Program lies in its independence from industry-specific sentiment. In the traditionally specialized construction sector, receiving a high-growth ranking from a global professional services authority provides a powerful, objective perspective on a company’s performance.

This ranking indicates Varadise’s growth trajectory compares favourably against the programme’s financial benchmarks. It serves as independent proof that the firm has matured into a high-growth leader capable of delivering sustainable value for city-scale infrastructure, validated by a rigorous audit of its business performance.

Beyond the “Innovation” Label

The Top 15 ranking reflects a rigorous evaluation of the company’s performance over the past three fiscal years. For Varadise, this growth is not merely a byproduct of market trends, but a result of deliberate strategic choices:

• Revenue Trajectory: Sustained financial performance that consistently outpaces the regional technology average, reflecting deep market penetration.
• Scalability of the Digital Twin Engine: The successful transition of proprietary Digital Twin solutions from bespoke pilot projects to enterprise-wide adoption across government and private sectors.
• Market Resilience: The ability to navigate complex regulatory requirements and high-pressure project deadlines while maintaining a culture of breakthrough innovation.

“This recognition reflects our team’s relentless focus on execution and market relevance,” said Terence Lui, CEO and Co-founder of Varadise. “To be identified by a global authority like Deloitte as a leader in growth is a testament to the surging demand for smarter, data-driven infrastructure. We aren’t just building technology; we are building a scalable business engine that is redefining the economics of the construction industry.”

The Real-World Impact: Turning Growth into Public Value

Varadise’s rapid ascent is anchored in the widespread adoption of its platform across Hong Kong’s most critical infrastructure milestones. As the firm manages the digital workflows for departments such as the Water Supplies Department (WSD) and the Civil Engineering and Development Department (CEDD), its revenue growth serves as a proxy for the successful digitalization of the city’s physical landscape.

By optimizing how massive projects are visualized and managed through real-time telemetry and 3D orchestration, Varadise is proving that “Fast Growth” in the ConTech sector translates directly to safer, more efficient, and more transparent public works.

---

About the Deloitte Technology Fast Program

The Deloitte Technology Fast program is one of the world’s most objective and respected rankings for the technology industry. Originating in Silicon Valley and now operating in dozens of countries, the program recognizes the fastest-growing technology companies based on their revenue growth over the past three years.

By focusing on audited financial performance and technological uniqueness, the program provides a prestigious platform for high-growth firms to gain international visibility. It serves as a vital bridge between the most innovative companies and a global network of institutional investors, strategic partners, and professional advisors, highlighting those who have demonstrated exceptional resilience and disruptive potential in the modern digital economy.