This marks the fourth time that the company has secured a spot in the list featuring 50 of the fastest-growing technology companies in India
December 05, 2019, India : RateGain Technologies, the #1 SaaS player in travel and hospitality, recently received the distinct recognition of being listed amongst the Deloitte Technology Fast 50 India for the fourth time. The coveted list ranks 50 of the fastest-growing technology companies in the country across hardware, software, communications, media, life science, clean technology and related sectors, based on their percentage revenue growth in the span of three years.
RateGain is a leading provider of B2B SaaS products for the hospitality and travel market around the globe, helping these companies maximize their revenue by creating greater business value at every touch point. It provides end-to-end revenue management decision support using its advanced intelligence and distribution capabilities to over 12,000 customers in the industry, including top OTAs, hotel chains, airlines, car rental groups and cruises across 190+ countries. Over the last 3 years, the company has registered a robust revenue growth of 113%.
Commenting on the recognition, Bhanu Chopra, Founder and Chairman, RateGain said, “We are honored to be featured on the Deloitte Technology Fast 50 India list once again. This recognition is a testament to our continued efforts towards creating unique and evolving propositions for our customers in the hospitality and travel space. We believe in laying great emphasis on understanding the needs of each of our customers, thereby helping them deliver greater value to end-users while unlocking additional revenue streams in their offerings. By connecting the entire travel ecosystem through our extensive capabilities and network comprising leading players across the spectrum, we are essentially aiming to fuel an industry-wide collaborative transformation.”
Deloitte’s Technology Fast 50 India program was launched in 2005 to honor and recognize businesses and entrepreneurs in the country who have demonstrated immense growth through disrupting the technology landscape with cutting-edge product and service solutions. RateGain has previously secured a place on the list, ranking 1st in 2007, 2nd in 2008 and subsequently featured on it in 2016.
About RateGain:
RateGain is the #1 provider of SaaS products, which help travel, and hospitality companies make more revenue every day. RateGain offers products, which help with rate intelligence, cognitive revenue management, smart e-distribution, and brand engagement. RateGain is proud to support 125,000+ hotel properties globally influencing $13 Bn revenue by providing 240 billion rate and availability updates & powering over 30 Million bookings. RateGain is trusted by 25 out of the top 30 OTAs, tour operators and wholesalers, 23 out of the top 30 hotel chains, 7 out of the top 10 car rental companies, top 5 cruise lines, and many leading airlines worldwide. In 2018, RateGain acquired DHISCO, which made it the only company in the world to offer end-to-end frictionless distribution. In June 2019, RateGain acquired award-winning BCV to offer guest experience cloud to maximize guest lifetime value for hospitality chains. For more information, visit www.rategain.com
Forward-looking Statements:
Certain statements in this release are forward-looking statements, which involve some risks, uncertainties, assumptions and other factors that could cause actual results to differ materially from those in such forward-looking statements. All statements, other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to the statements containing the words ‘planned,’ ‘expects,’ ‘believes,’’ strategy,’ ‘opportunity,’ ‘anticipates,’ ‘hopes’ or other similar words. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding impact of pending regulatory proceedings, fluctuations in earnings, our ability to manage growth, intense competition in IT services, data services and consulting services including those factors which may affect our cost advantage, wage increases in India, customer acceptance of our services, products and fee structures, our ability to attract and retain highly skilled professionals, our ability to integrate acquired assets in a cost-effective and timely manner, time and cost overruns on fixed-price, fixed-timeframe contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, the success of our brand development efforts, liability for damages.
Media Contact:
Ankit Chaturvedi
AVP Marketing -RateGain
ankit.chaturvedi@rategain.com
+91 9654502760
