The New Wave
Two NZ companies made international business magazine Red Herring‘s vaunted “Top 100 Private Companies in Asia” list for 2005. Esphion and Argent Networks, both based in Auckland, are rated as companies which could significantly affect the way we live. Esphion is a network appliance company which specialises in securing large IP networks by detecting faults in the network itself before they reach computers. Argent Networks provides billing and customer service solutions for telecommunications companies, netting much of its business from the rapidly expanding mobile phone markets of Africa and the Middle East. Both companies are financed by Wellington-based venture capital firm No.8 Ventures.