6 February, 2020.
SODA VISION, a company founded in 2011 focusing on vision and imaging technologies, has been named as the 40th fastest…
…growing company in Singapore. 2020 marks the second year Germany-based global research firm, Statista, in collaboration with The Straits Times, compiled a list of Singapore’s Fastest Growing Companies. This ranking based on the firms’ compound annual growth rate from 2015 to 2018 with companies ranging from healthcare providers to lifestyle retailers and technology businesses.
Companies had to meet certain criteria to be considered for the list, such as having generated revenue of at least $150,000 in 2015 and at least $1,500,000 in 2018, excluding any investment or funds injection. Overall, the average compound annual growth (CAGR) of Singapore’s fastest-growing companies is 49 percent. SODA VISION managed to attain a growth rate of 199 percent, meaning it was able to record an average sales of 199 percent increase for each year, over several years. Innovative and fast-growing companies are the driving force for the economy in the 21st century. Being a young and energetic company striving for innovation, SODA VISION will aim to continue its great success and soar to greater heights.