Technology solutions provider Kinetic IT has been named one of Australia’s Best Managed Companies for the third consecutive year, solidifying the organisation’s position as a leading force in the industry.
The hat-trick follows a significant year of growth in Kinetic IT’s 25-year history, after securing new deals with the Australian Taxation Office, ADF Careers, and the Department of Infrastructure, Transport, Regional Development, Communications and the Arts. The Australian owned and operated provider was also named Cyber Security Team of the Year at the 2023 WA Cyber Awards, also taking home the Outstanding Organisation Award on the night.
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Australia’s Best Managed Companies program recognises privately held companies for their organisational success and achievement. The program provides a distinct framework for management teams to challenge themselves and benchmark against some of the best private companies in the world.
Chief Executive Officer, Michael North, attributed the Best Managed Companies recognition to the dedication and hard work of the Kinetic IT team.
“Being recognised as one of Australia’s Best Managed Companies for the third year in a row is a testament to our people, and our commitment to excellence in customer service. Thank you, Deloitte, for seeing the value of our hard work over the past 12 months, and thank you to our crew for your efforts delivering fantastic solutions for customers.
“We pride ourselves on our customer-centric strategy and service delivery; we are committed to ongoing growth and innovation so that we can continue to be the strategic partner our customers and partners have come to know and expect. Our team set the highest standards of business performance, and we’re pleased to play our part as a key driver of Australia’s IT economy.”
Michael and Kinetic IT Non-Executive Director Robert Mactier accepted the Best Managed Companies award at a gala event held in Sydney on 21 March.
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About Deloitte Australia’s Best Managed Companies program
The Best Managed Companies program was established in 1993 in Canada and has become the most significant business awards of its kind. The program is active in 48 countries in the Americas, Europe and Australasia, and is launching across Africa. The program focuses on four pillars in which a business is benchmarked across:
Strategy
Best Managed Companies apply a formal methodology for strategy development, ensure the strategy reflects all stakeholders, have the right capabilities/metrics in place, and clearly and consistently communicate the strategy to all levels of the organisation.
Culture and Commitment
Best Managed Companies build a strong corporate culture and legacy, actively develop their people and leadership team, provide a holistic compensation system, create an inclusive culture and address continuity issues within the company.
Capabilities and Innovation
Best Managed Companies develop valuable capabilities and resources, are highly execution-oriented, are focused on productivity and innovation, and are thoughtful about hiring the right people to execute their business model and strategy.
Governance and Financials
Best Managed Companies install strong governance structures, use KPIs to manage their progress, maintain a strong balance sheet, and apply the financial discipline required to drive revenue growth, improve operating margin, and increase asset efficiency.
Find out more about Kinetic IT. More information on the awards program is available on the Australia’s Best Managed Companies website.
