Record H1 for DigitalRouteBy Digitalroute, PRNE
Wednesday, August 31, 2011
STOCKHOLM, September 1, 2011 -
DigitalRoute, the fastest-growing company in the mediation and policy management market increases H1 revenues by more than 50%.
Together with its partners, DigitalRoute has acquired 20 new MediationZone® customers in the first six months of 2011. Revenues for the fiscal first half of 2011 increased by more than 50% compared to the same period in the previous year. The success is also reflected in the number of employees, which has increased to 150.
License revenues account for 50% of the total revenue, with support services generating another 20%, as DigitalRoute maintains a strong product focus and goes to market through a partner-friendly strategy.
Deals with Tier1 communication service providers and operator groups have largely contributed to the recent achievements. DigitalRoute is currently delivering MediationZone and PolicyZone to tens of Tier 1 operators around the world.
The compound annual growth rate of the DigitalRoute revenue since 2002 exceeds 50%. DigitalRoute estimates that 50% of the company’s growth is the result of seizing market share from competition while the other half is attributed to a strong demand for a new generation of mediation and policy management technology.
“We see the potential for continued strong growth of the mediation market and our unique focus ensures that we will continue to provide the best technology available,” said Jan Karlsson, CEO at DigitalRoute.
DigitalRoute® is a Swedish independent software vendor delivering market leading mediation and integration solutions to the global telecommunications and data communications industry. DigitalRoute simplifies service providers’ data infrastructure, centralizing integration of IT and communication networks. DigitalRoute technology for mediation, data integration and policy control is deployed for 240 customers worldwide. For more information, please visit www.digitalroute.com.
For more information, please contact:
Digital Route AB:
Skeppsbron 34, SE-111 30 Stockholm
Tags: Digitalroute, September 1, Stockholm, sweden