Attributes 1,915% Revenue Growth to Innovation, Perseverance, and Building Great Products
Radius Networks today announced it ranked 67 on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America now in its 25th year. Radius Networks grew 1,915% during this period.
Radius Networks’ chief executive officer, Marc Wallace, credits our talented team of engineers, constant innovation, and continuous hard work with the company’s 1,915% revenue growth. He said, “We are proud to be recognized for the second year in a row as the Number 1 Fastest Growing Company in DC and Number 67 nationwide. As the global leader in location-based technologies, we strive to deliver a top-tier product every day. Within the last year, we have launched two signature products, Flybuy Pickup, a curbside and in-store pickup solution designed to help restaurants, grocery stores, and retailers eliminate wait time, and RadPoint Pay, a location-based payment solution for restaurants. We are continually pushing ourselves to create new ways to help businesses use location to improve the customer experience and increase revenue.”
“This year marks the 25th anniversary of Deloitte’s Technology Fast 500, so we are especially pleased to announce and congratulate the 2019 winners,” said Sandra Shirai, vice chairman, Deloitte LLP, and U.S. technology, media and telecommunications leader. “Once again, we saw innovation across the board, with software companies continuing their dominance of the top ten. It’s always inspiring to see how the Fast 500 companies are transforming business and the world we live and work in.”
“As technology innovation trends towards ‘everything as a service,’ it’s no surprise that software companies dominate the winners list yet again this year,” said Mohana Dissanayake, partner, Deloitte & Touche LLP, and industry leader for technology, media and telecommunications, within Deloitte’s audit and assurance practice. “What’s exciting about celebrating 25 years of the Tech Fast 500 is we now have a quarter century of innovation stories to draw and reflect upon. These are the companies that push boundaries, help organizations become more efficient and productive, and ultimately enable businesses to drive growth and revenue. We congratulate all the well-deserving winners.”
About Deloitte’s 2019 Technology Fast 500™
Now in its 25th year, Deloitte’s Technology Fast 500 provides a ranking of the fastest growing technology, media, telecommunications, life sciences and energy tech companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2015 to 2018.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least $US50,000, and current-year operating revenues of at least $US5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
About Radius Networks
Radius Networks uses proprietary location technology to help companies deliver a frictionless customer experience, drive location-based transactions, and increase incremental revenue. The location platform includes curbside and in-store pickup, customer and asset tracking, and location-aware payments and loyalty. As the global leader in location technology solutions Radius Networks serves some of the world’s largest brands in over 30,000 locations across 45 countries.
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