2016 NovTX makes Deloitte’s Technology Fast 50, growing 1204% in four years
In last 22 months, 2.5 billion voice minutes traded on RTX platform, driven by global customer adoption
LONDON, UK – 18 November 2016
RTX, the global voice, call centre and SMS exchange hub, announced today that it has garnered global recognition for its impressive business growth and innovation, which included ranking number 14th on Deloitte’s Technology Fast 50 league table.
The Deloitte league table ranks the UK’s fastest growing technology companies based on revenue increase over four years, with RTX achieving 1204% growth. In addition to the Deloitte ranking, for the second consecutive year RTX featured in the top 20 (11th) of the prestigious Sunday Times Hiscox Tech Track 100, which also recognises the UK’s fastest growing technology companies. RTX recorded the highest revenue of any company in the top 20 of the league table this year.
RTX’s progress over the last two years alone has resulted in the company becoming the leading voice exchange hub for the telecoms industry. From January 2015 to November 2016, 2.5 billion minutes were traded on RTX’s platform, which is a made up of a community of thousands of operators. RTX Fast Pay, which provides suppliers with faster access to funds when selling voice, call centre and SMS services across the exchange, took the market by storm, accounting for triple digit profit growth since its inception in 2015.
This growth marks the culmination of a period which has seen a rapid expansion of RTX’s customer portfolio, with a total of six major white label customers now trading using its Partner Program. These include household names Deutsche Telekom and PCCW. Since partnering with RTX, Deutsche Telekom has added 150 new customers to its wholesale voice platform – Dynamic Voice Exchange (DVX). The operator recently introduced full smartphone and tablet compatibility, which allows its customers to manage their wholesale voice business with even more flexibility, a trend that is likely to gain traction throughout the industry.
“With the popularity of our Partner Program increasing and the success of our Fast Pay and SMS services, RTX’s growth will undoubtedly continue,” said Alex Mashinsky, Global CEO, RTX. “Ranking in both the Tech Track and now Fast 50 is fantastic recognition of the company’s commercial value.”
Founder of Arbinet and Transit Wireless and a pioneer of VoIP technology, Mashinsky joined RTX in September and will build on the success of the past year, driving the next phase of RTX’s growth. He added, “RTX continues to play a critical role in enabling operators to securely trade voice and SMS across the globe. Looking ahead, I’m committed to further expanding RTX’s investor relationships to drive growth in 2017, a year in which we expect to hit the $1 billion revenue run-rate mark."