Deloitte has named RELEX as Europe’s fastest growing business in the retail planning and supply chain optimisation systems sector for the third year in a row.

After a hectic twelve months, which saw RELEX break out of its Nordic heartland and into major European markets such as UK and Germany, Deloitte has placed RELEX at #248 in its prestigious Fast 500 (EMEA) list of the fastest growing tech companies in Europe, the Middle East and Africa. That’s a rise of 94 places over last year.

Deloitte measures changes in turnover during the previous five years during which period RELEX grew by 570%.

RELEX’s co-founder and MD Mikko Kärkkäinen says RELEX’s success stems from its clients’ success.

“We’re building a profitable business though making our clients more profitable. RELEX is growing by fifty to a hundred per cent every twelve months and that growth overwhelmingly comes through client recommendations,” Kärkkäinen says. “They like what we do for them and they tell people.”

“Clients like our transparent and predictable pricing, the rapid return on investment, the fact they can update and reconfigure the system themselves without needing to ask for help. But, above all, they like the results we help generate.”

“Real-time Big Data analysis has been a big hit with decision makers, likewise our agile approach to implementation whereby our systems and clients’ operations evolve together. And we’ve had a particularly strong response from the fresh goods sector.”

Kärkkäinen founded RELEX in 2005 with two fellow logistics research postgraduates. The systems company now operates in 12 European territories.

Tommi Ylinen, RELEX’s Head of UK Operations says “The last twelve months have seen us really get established in the UK. We announced our first British customer, JJ Food Service, back in May and we will be announcing more in the coming months.”

“In the current climate people are mindful of the fact that one of the best ways to increase profits is through greater efficiency and waste reduction. Our clients have cut fresh food spoilage by over 40% and typically reduce their inventories by 30% all while increasing availability and sales. That’s a great message to take to businesses.”