FY 2017: Retarus Attains Double Digit Growth in Turnover

SECAUCUS, N.J., Aug 14, 2017 /PRNewswire/ -- The total turnover achieved by the Retarus Group rose to $49.9 million for the fiscal year (FY) 2017, which concluded on May 31, 2017.* The company grew its Messaging Services business by 16.7 percent in comparison with the previous year. The positive performance of the business is in part due to continued strong adoption of Retarus' cloud fax services in the Enterprise space, and the ongoing success of the partner community. The successful business with large corporations and the consistent expansion of the company's international business units were also strong drivers for growth.

In the U.S., turnover rose by 43.5 percent compared to the previous business year. This strong growth played a significant part in necessitating the expansion of the Secaucus, New Jersey, and Boston offices as well as the opening of a new site in Atlanta, Georgia. During the coming fiscal year, a new data center is planned to be brought into operation in Secaucus, New Jersey to accommodate business growth and deliver on increasing customer expectations. The new facility has been built locally using top-notch infrastructure to provide improved stability to the customers and ensure faster reaction time for service. In the APAC region, the group has continued to strengthen its position on the market. The acquisition of several flagship customers boosted turnover for FY 2017 by 69.2 percent in the region. In Europe, Retarus built on the successes of previous years by growing its business with large corporations and significantly developing its relationship with existing customers. This enabled the company to achieve an above-average increase of ten percent in turnover. On the contrary, according to a study by the European IT Observatory (EITO), turnover in the global ITC sector rose by only 2.1 percent.

Increased security requirements and digital transformation drive growth

Over the past fiscal year, Retarus continued to strengthen its position as a leader in the Enterprise cloud fax space. Adding to its already impressive logos of Fortune 50 accounts, Retarus was able to secure new logos in heavily regulated industries and global organizations, which constantly need to improve their compliance and security approaches. The company's success in innovation was further underlined by the Managed Capture Services. The services offer companies valuable support with the digitalization of critical business processes.

"In the last year, we have seen more enterprises moving to replace legacy systems with a state-of-the-art cloud solution. With GDPR on the horizon for 2018, global companies need to consider how their communication approach intertwines with compliance. Companies which strive to innovate and remain compliant with local and global standards are coming to Retarus more than ever," says Steve MacDiarmid, President & CEO, Retarus Inc.

Global Delivery Network facilitates future-proof information logistics

As information logistics specialists with sites in 11 countries, Retarus has been following a successful international growth strategy for many years. Meanwhile, Retarus' Global Delivery Network has grown to comprise six data centers located in Europe (EU and Switzerland), the U.S. and the APAC region, all operated by the company itself, as well as a network infrastructure which branches out across the globe. At the same time, local carrier connections are dimensioned to ensure that even at peak loads they scale to meet requirements. Data is always processed in accordance with the locally applicable data protection regulations and sector-specific requirements. This means companies can effortlessly comply with the stringent requirements posed by the General Data Protection Regulation (EU-GDPR), which all European organizations will be obliged to fulfill starting May 25, 2018.

"These positive business results underline the success of the Retarus team and the trust that our customers have shown in us. Over the past fiscal year, we have intensified our impact on the global market through our innovative capabilities," comments Johannes Hecker, Chief Operating Officer, Retarus Group. "With our communication platform, the Retarus Global Delivery Network, we flexibly meet the requirements of individual companies or sectors, stand by them as they tackle megatrends such as digital transformation, and support companies in implementing the stringent security requirements associated with their global cloud strategies."

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*) Due to a change in our financial approach, the revenue generated by our reselling and licensing business is presented on a net basis as of fiscal year 2016/2017. In this regard, the gross revenue is offset against the related material costs. The operating result is not affected by this balancing process.

About Retarus
Since 1992, Retarus has been supporting companies in achieving highly efficient communication. The global information logistics provider always plays an important role where large amounts of data need to be transmitted securely and reliably — irrespective of which communication channels, interfaces, applications and devices are required. The services are soundly based on a Global Delivery Network which includes the company's own data centers in the USA, Europe and the APAC region, as well as redundant carrier infrastructure. A total of 17 percent of Dow Jones corporations as well as numerous Fortune 500 companies in the banking, finance and healthcare sectors depend on Retarus' services. Longstanding customers include Adidas, Bayer, Continental, DHL, Honda, Puma, and Sony. For more details: www.retarus.com

Contact for journalists
Tim Armstrong
+1 201 268 5917
[email protected]

SOURCE Retarus Inc.

Related Links

http://www.retarus.com

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