Written by Jeff Owen | Jan 27, 2016 5:00:00 AM
Rutherford, 27 January 2016 – The
Retarus Group stays firmly on the road to success. During the first half of the current fiscal year the global provider of cloud services for B2B communication was able to continue the trend of many successful years of growth. The turnover achieved with messaging services rose by 15.4% in comparison to the previous year. In addition to the expansion of the European subsidiaries, corporate business with major North American enterprises in the finance sector was a key driver for this positive development. Retarus has continued to build on a highly successful fiscal year (FY) 2015. Over the first half of the new business year - until November 30th, 2015 - the global turnover for the group rose to 24 million Euros. The US subsidiary alone improved its turnover by 23.5% after adjustment for currency effects through remarkably successful new customer business. The opening of the new site in Boston in 2015 contributed to the impressive growth of the US business, meaning that Retarus now operates from four offices in North America. The leading provider for B2B communication also continued its consistent growth in Europe and Asia, following the strategic objective of supporting customers all along the finance axis London - New York - Singapore / Hong Kong. To this end, the company continued the expansion of its Asian subsidiary and bolstered its team in the UK. Within the EU, Retarus’ turnover for the first half of 2016 also exceeded the market average significantly by 10.5%. According to figures provided by the European IT Observatory (EITO), the turnover of international ITC sector companies grew by only 3.8 percent on average over the same period.
International strategy for growth and successful key account business
“In the new fiscal year we have continued to build on our international presence. As a result we have achieved double-digit growth in all continental markets,” explains Sascha Wellershoff, CFO of the Retarus Group. “In the US we closed several substantial deals with large banks, which has contributed significantly to this excellent result. For the second half of this fiscal year we are also pleased to have a very good springboard as regards new contracts, and are confident of achieving the ambitious goals we have set for ourselves.” Retarus is amongst the strongest internationally expanding cloud service providers for B2B communications and enables a secure and efficient flow of information for companies across the globe. Retarus is represented by wholly-owned subsidiaries in 10 countries, and has 20 branch offices spread around the world. All services are operated according to locally applicable compliance and data privacy regulations from Retarus’ own data centers around the world. More at
www.retarus.com/us