Member Article

Voice exchange hub targeting ‘$1bn revenue run-rate’ after Fast 50 recognition

London-headquartered voice exchange business RTX has its sights set on an ambitious revenue target for 2017 after experiencing 1204% growth in the last four years.

The firm was ranked as the UK’s 14th fastest growing tech firm in Deloitte’s Fast 50 listing for 2016 and recorded the highest revenue of any business in top 20.

The voice exchange hub, which also has an office in New York, allows telecoms companies to sell voice, call centre and SMS services to businesses through its online platform.

RTX’s white label Partner Program has also added major telecoms firms such as Deutsche Telekom and PCCW as portfolio clients.

After two years of significant growth, Alex Mashinsky, Global Chief Executive Officer at RTX, said the firm is targeting even more ambitious targets next year, when the company anticipates surpassing the $1bn revenue mark.

Mashinsky commented: “With the popularity of our Partner Program increasing and the success of our Fast Pay and SMS services, RTX’s growth will undoubtedly continue.

“Ranking in both the Tech Track and now Fast 50 is fantastic recognition of the company’s commercial value.

“RTX continues to play a critical role in enabling operators to securely trade voice and SMS across the globe. Looking ahead, I’m committed to further expanding RTX’s investor relationships to drive growth in 2017, a year in which we expect to hit the $1 billion revenue run-rate mark.”

London-based media agency Brainlabs nabbed the top spot in Deloitte’s Fast 50 list, after experiencing an 8225% growth rate in the last 12 months, while other tech heavyweights such as WorldRemit, GoCardless and Smarkets also featured prominently.

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