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DigitalRoute Outpaced Market, Continued Profitable Growth in 2014 - Increase in revenues fueled by customer wins and new product launches - DigitalRoute.com
DigitalRoute Outpaced Market, Continued Profitable Growth in 2014

 

PRZOOM - /newswire/ - Stockholm, Sweden, 2015/05/11 - Increase in revenues fueled by customer wins and new product launches - DigitalRoute.com.

   
 
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DigitalRoute, today announced that it increased its year-on-year revenue for 2014, well outpacing the overall market growth rate• for business support systems for communications service providers (CSPs). In addition, DigitalRoute delivered the most profitable year in its history, driven by a number of new deployments and the launch of key new products built on its MediationZone platform.

DigitalRoute added some 40 new customers in 2014, through a combination of direct and partner sales and across all geographical regions. In addition to important customer wins in the Americas and Asia, the company showed aggressive expansion in the Middle East and Africa.

The company launched new products during the year, moving beyond its traditional domain of billing mediation and further fuelling revenue growth. The new Service Control product addresses the real-time service management needs of CSPs while the Service Assurance product enables superior customer experience management. These two new areas (online control and Service Assurance, respectively) now account for approximately 40% of total order intake.

Further enhancing its core product during 2014, the company released MediationZone 7.0. This major release demonstrated a commitment to big data integration via platforms such as IBM’s Netezza, SAP’s HANA and Hadoop. The release also delivered additional functionality for service management, positioning DigitalRoute even more strongly to add value to real-time data management.

“In 2014, we continued to make significant progress in traditional markets while also positioning the company to successfully meet new opportunities,” said Johan Bergh, CEO at DigitalRoute. “Given the key role of real-time data within the communications industry, I am extremely confident that our new products will become mission-critical strategic assets for telcos.”

Bergh continued,“The fact that our sales growth is more than twice the rate of market growth for our segment attests to both the strength of our product offering and the fact that telcos recognize DigitalRoute as a key partner in tackling the data challenges of the online world.”

About DigitalRoute
DigitalRoute (digitalroute.com) has been providing new approaches to enterprise data management since 1999. Its software platform offers high throughput and provides a unique degree of user configurability, processing all usage and statistical data extracted from the networks, including both billable and non-billable events. This means customers gain greater cost efficiencies, improved times-to-market for new service offerings, the ability to monetize any data, and the means to enhance end-customer satisfaction. DigitalRoute makes network events available to the right systems in the right formats in the most appropriate volumes at the required times, without losing a single bit. This is the foundation from which multiple, mission-critical use-cases can be addressed in the areas of Online Control and Data Processing.

Over 300 leading companies worldwide actively use DigitalRoute technology to meet their data management needs, including a number of OEM partners who use our platform as a central part of their own offerings. DigitalRoute is built on the core values of Expertise, Open- Mindedness and Commitment. DigitalRoute is a venture-backed, privately held company with a turnover of 30m EUR in 2013 and a record of profitability since 2005. With close to 200 employees, the company is headquartered in Stockholm, Sweden with regional offices in Gothenburg, Atlanta, and Kuala Lumpur.

 
 
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Agency / Source: Digital Route AB

 
 

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DigitalRoute Outpaced Market, Continued Profitable Growth in 2014

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DigitalRoute |
Contact: Keith Brody - DigitalRoute.com 
+44(0)74 5543 4333 keith.brody[.]digitalroute.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Digital Route AB securities in any jurisdiction including any other companies listed or named in this release.

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