RELEX Ranked 66th Fastest Growing Technology Company in the Deloitte Technology Fast 500 EMEA 2011

Dec 2, 2011 4 min

Attributes its 2015% Revenue Growth to Saving Customers Money During Tough Times.

Helsinki, Finland, December 2 2011 – RELEX, the leading Nordic demand forecasting and replenishment solution provider, today announced that it ranked Number 66 on the Deloitte Technology Fast 500 EMEA 2011, a ranking of the 500 fastest growing technology companies in EMEA. Rankings are based on percentage revenue growth over five years. RELEX grew 2015% percent during this period.

RELEX’s CEO, Mikko Kärkkäinen, credits both his talented team and a fast growing army of satisfied customers with the company’s 2015% revenue growth over the past five years.

He said, “RELEX has built a strong reputation because we help make our customers more effective, more efficient and by doing so we help make them more profitable. The continuing SaaS-revenue from our satisfied clients has also laid out a stable base for continued profitable growth.”

“Right across a range of sectors such as DIY, builders merchants and consumer electronics, our customers have been able to quickly improve their inventory turnover, their service levels, and their profit margins.  And the real proof of that has been the word of mouth effect.  Our customers recommend us.”

“Making the Deloitte Technology Fast 500 is commendable in today’s highly competitive technology industry,” said David Halstead, Deloitte United Kingdom, partner in charge of the Deloitte Technology Fast 500 EMEA programme. “We congratulate RELEX on being one of the 500 fastest growing technology companies in the region.”

“RELEX and the other 2011 Technology Fast 500 winners forged ahead in a challenging economic environment to realize exceptional growth,” said David Halstead, Deloitte United Kingdom and partner in charge of the Deloitte Technology Fast 500 EMEA programme.” We commend RELEX for this impressive accomplishment.”

In addition to ranking in the Deloitte Technology Fast 500, RELEX ranked 4 in the Finland Deloitte Technology Fast 50, which is a ranking of the 50 fastest growing technology firms in Finland.

Deloitte Technology Fast 500 EMEA Selection and Qualifications

The Technology Fast 500 list is compiled from the Deloitte EMEA Technology Fast 50 programmes, nominations submitted directly to the Technology Fast 500, and public company database research. To qualify for the Technology Fast 500, entrants must have had base-year operating revenues of at least €50,000 and current-year operating revenues of at least €800,000.

Entrants must also be public or private companies headquartered in EMEA and must be a “technology company,” defined as a company that develops or owns proprietary technology that contributes to a significant portion of the company’s operating revenues; or manufactures a technology-related product; or devotes a high percentage of effort to the research and development of technology. Using other companies’ technology in a unique way does not qualify.

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RELEX provides solutions that optimize and automate demand forecasting and replenishment ordering for medium and large retail companies. RELEX solutions are used for forecasting demand for millions of SKU’s and for automating replenishment in hundreds of stores and dozens of warehouses. Material flows worth several billions of euros are controlled with the aid of our software. Our customers include leading specialty and grocery retailers and wholesalers, well-known consumer goods manufacturers, and spare-part distributors.

RELEX technology is built on latest academic research. With RELEX software products and expert services customers have been able to improve 1) service levels in their warehouses and shops, 2) product inventory turnover, and 3) the cost-effectiveness of replenishment in both warehouses and shops. Our solutions have delivered savings as high as 3% to 5% of customers’ turnover.

RELEX has been a fast growing and profitable enterprise ever since it was founded in 2005 and now employs 33 persons. The company is privately held and headquartered in Helsinki, Finland.  Read more:

About Deloitte Technology Fast 500 EMEA

The Deloitte Technology Fast 500 EMEA is the region’s most objective industry-ranking standard to focus on the technology field and recognizes technology companies that have achieved the fastest rates of revenue growth in Europe, the Middle East and Africa during the past five years. Combining technological innovation, entrepreneurship and rapid growth, Fast 500 companies – large, small, public and private – span a variety of industry sectors, and are leaders in hardware, software, telecom, semiconductors, internet, media, life sciences and emerging areas, such as clean technology.

The programme is supported by the Deloitte Technology Fast 50 initiatives, which rank high growth technology companies by location or specifically defined geographic area and is run by the Deloitte Touche Tohmatsu Limited’s Technology, Media & Telecommunications (TMT) global industry group. Co-sponsors include Taylor Wessing, a leading International law firm with a focus on the industries of tomorrow, and Fidelity Growth Partners Europe, a venture and growth capital investor which backs entrepreneur with aspiration for greatness in the IT and clean technology sectors across Europe.

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