"Our performance in 2010 caps a decade of consistent growth and demonstrates the exceptional value and innovation that we deliver to our customers." Charlie Thomas, CEO, Razorsight
Barcelona, Spain (PRWEB) February 16, 2011
Razorsight Corporation, the only Cloud Computing provider of Business Intelligence and Profit Analytics solutions for communications service providers (CSPs), today announced record revenues and growth for its fiscal year ending December 31, 2010. The company’s revenues have grown for ten consecutive years. Driven by continued growth of its Analytics software, EBITDA grew 208% year over year. Net Income grew 146%.
“Razorsight’s major new release of its Profit Enhancement Center (6.0) suite of applications received strong reviews and broad acceptance in the marketplace,” said Chief Technology Officer Suren Nathan. The company continued to increase its market share due to its ease of deployment, low startup cost and exceptional ROI.
"Our performance in 2010 caps a decade of consistent growth and demonstrates the exceptional value and innovation that we deliver to our customers," added company CEO Charlie Thomas. "Given the acceleration of wireless broadband and an increasingly mobile society, CSPs have encountered rising COGS and Capex. Razorsight’s customers have recognized significant value by deploying our Cloud-based solutions, which deliver immediate ROI by substantially reducing off-net costs."
Razorsight further increased its leadership position in 2010 as numerous CSPs chose its highly scalable Cloud-based platform over competitive offerings. The company's key achievements include:
Strong Marketplace Momentum
Razorsight entered into multi-million dollar agreements with a large number of CSPs, including four of the world’s largest telecommunications carriers. Razorsight also won numerous customer contract extensions. The company landed several new clients including many subscriptions for its new Usage Analytics, Inventory Watch and Headlines applications. Razorsight continued to win new business across all sectors of the telecommunications industry including Wireless, LECs, RLECs, CLECs, MSO, VoIP, and data service providers.
Major New Product Release
Razorsight continued to lead by innovation as it released the industry’s first integrated solution that includes Cost and Revenue Analytics, Inventory Analytics, Headlines and Usage Analytics – all delivered in a single, Cloud-based platform under Razorsight’s Profit Enhancement Center™. The company upgraded its customers to this major new release (PEC 6.0) free of charge, demonstrating the strength of its commitment to customers and the value of its software-as-a-service delivery.
The company continued its expansion beyond its North American leadership position by further growing its customer base in EMEA.
Successful Annual Conference
The company partnered with several industry leaders such as Cisco Systems in delivering timely content and educational webinars highlighted by its Annual Conference in September, where the company hosted a very successful event at the Gaylord National Hotel and Convention Center at the Washington National Harbor that attracted over 100 Razorsight customers and partners, and featured an information-rich agenda with educational and informative presentations by industry thought-leaders including executives from SAP, Synchronoss, Broadsoft, Neutral Tandem, CFN Services and Kelley Drye.
Razorsight Corporation is the only provider of Cloud-based business intelligence and profit analytics solutions for Communications Services Providers. Razorsight's Software-as-a-Service (SaaS) delivers unparalleled visibility into all aspects of cost and revenue assurance. By easily integrating with legacy systems, and combining disparate data into a single, powerful analytics engine, Razorsight has transformed the way communications companies reach optimal performance for profitability management. Razorsight's highly scalable, web-based software is easy to install, requires no capital investment, and has delivered millions of dollars in profitability gains at industry leaders such as AT&T, Verizon, Telus, Comcast, Windstream and IBM, as well as by small and medium-sized carriers such as Neutral Tandem, Telwest and NTS Communications. For more information about Razorsight, visit: http://www.razorsight.com (http://razorsight.com).
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