Australia isn't home to many of the world's biggest and best companies – the Amazon.com's, Facebooks or Googles – but it is home to a number of businesses that are enjoying explosive growth nevertheless.
The recently-listed WiseTech Global Ltd (ASX: WTC) stands out for me. A business that many investors probably haven't even heard of before, WiseTech is a founder-led and award-winning enterprise software company. In short, it provides a platform that facilitates the movement and storage of goods and information around the globe, delivering literally dozens of billions of data transactions annually. Its shares have shot up in price – particularly over the past month or so following an investor conference presentation – but are well worth keeping your eye on.
While the WiseTech share price has continued on to new heights, the Aconex Ltd (ASX: ACX) share price is only just making a recovery from a sharp fall it endured in the second half of 2016. Aconex is another Software-as-a-Service (SaaS) provider, providing a cloud-based platform for the global construction industry that enables for a smoother completion of large projects. The most recent trading updates have been somewhat disappointing, which is no doubt a factor behind the sharp fall experienced by the group's shares, but is still one that should be on your radar.
Outside the SaaS space, Nanosonics Ltd. (ASX: NAN) is going from strength to strength in the medical device space. The company manufactures and distributes its flagship Trophon EPR ultrasound probe disinfector, designed to tackle Hospital Acquired Infections (HIAs), which is a serious issue facing hospitals (HAIs result in thousands of deaths around the globe each year). Again, Nanosonics' shares aren't necessarily a bargain with plenty of growth already priced in, but they could well be worth a look for long-term investors.
