Foreign investment in New Zealand technology companies is at a record high as venture capitalists look to invest in firms rather than acquire them outright. But data from the latest TIN100 report, produced by the Technology Investment Network, shows this trend is slowing. The annual report, now into its twelfth year, tracks the progress of New Zealand technology companies and the sector as a whole. Shanahan said this investment was coinciding with the highest level of growth in the technology sector in the last 12 years. New Zealand tech sector 2016• Third largest export sector• $6.5b in offshore revenue• $16.2b of national GDP• 27,749 firms employing around 98,900 staff- NZ Herald

Source: New Zealand Herald October 16, 2016 17:15 UTC