RateGain improved its performance remarkably moving up from 43 in 2019 to 21 in 2020.
Dallas, Texas : RateGain, the leading provider of SaaS solutions in travel and hospitality, was recognized by Deloitte Technology Fast 50 for the fifth time, as one of the fastest growing technology companies. The coveted list ranks 50 of the fastest-growing technology companies across hardware, software, communications, media, life science, clean technology and related sectors, based on their three year percentage revenue growth.
RateGain made it to the list second year in a row, improving its ranking from 43 in 2019 to 21 in 2020. RateGain has previously secured a place on the list, ranking first in 2007, second in 2008 and again ranked in 2016. Over the last 3 years, the company has registered double digit growth.
Recognized as one of the most innovative companies to work for, RateGain’s SaaS offerings are playing a critical role in helping all leading travel and hospitality companies recover from the pandemic by providing an AI-powered end-to-end acquisition platform for revenue management teams to identify and create new revenue opportunities every day. As the world unlocks, and pent-up demand for travel comes back in the summer, RateGain is poised to continue on its growth trajectory in 2021.
Commenting on the recognition, Harmeet Singh, CEO, RateGain said, “I want to thank my team, our customers and partners who made this recognition a possibility. We are honored to be featured on the Deloitte Fast50 List, one of the most reputed programs to identify the fastest growing tech companies. Our strong customers, team members who have created an award winning culture, financial discipline and a sharp focus on building AI enabled applications have been the four pillars which have contributed to our growth. As travel re-emerges in 2021, we are confident that RateGain’s strategy is aligned to enable our customers to maximize on this surge.”
RateGain is a leading provider of SaaS products, which help travel and hospitality companies with cognitive revenue management, smart e-distribution, and brand engagement to make more revenue every day. RateGain is proud to support 125,000+ hotel properties globally by providing 240 billion rate and availability updates & powering over 30 Million bookings. RateGain is trusted by 25 out of the top 30 OTAs, world’s fastest-growing airlines, 23 of the top 30 hotel chains, tour operators and wholesalers, all top car rental companies, largest cruise lines, and the largest travel management companies. In 2018, RateGain acquired DHISCO, which made it the only company in the world to offer end-to-end smart 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
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.
AVP Marketing -RateGain