Each year, while our corporate team releases its stats on capital raising deals and sums involved, the wallflowers of Simmonds Stewart (aka the commercial team) simply do what they always have done – getting on with the job.
But sometimes, enough is enough – because we don’t think the commercial team’s 2016 was too shabby either.
In 2016, the Simmonds Stewart commercial team helped our clients finalise around 400 commercial transactions in more than 24 countries around the globe. Here’s a few titbits as they reflect on the year.
We think these figures reflect the success that the NZ tech sector is having, particularly in the export of their products and services offshore. These businesses understand the tensions and issues they face breaking into new markets and are looking to partner with local businesses who are better equipped to help them succeed in that market.
Not only that – securing a contract with a large customer used to be a major hurdle for any NZ tech company. The number of deals we’ve worked on shows these customers understand the quality and maturity of NZ tech businesses and want to do business with them. It’s great to see.
This is the first year we’ve looked at our commercial transaction stats. We’re looking forward to next year when we can provide a better comparison of what is happening in the market based on the trends we’re seeing.
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