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RTI Announces Continued Growth and Building IIoT Market Leadership

03-07-2018 04:53 PM CET | IT, New Media & Software

Press release from: Real-Time Innovations, Inc. (RTI)

/ PR Agency: Agentur Lorenzoni GmbH
Dr. Stan Schneider, CEO of RTI

Dr. Stan Schneider, CEO of RTI

SUNNYVALE (USA)/London – March 2018 – Real-Time Innovations (RTI), the Industrial Internet of Things (IIoT) connectivity company, today announced another year of consistent growth by logging a 23% increase in recurring bookings. RTI has now accumulated 27% CAGR sales growth over the last three years. Perhaps most impressively, RTI’s recurring revenues now account for more than 70% of revenues with a dollar-value retention of 116% (-16% churn). Negative churn indicates that RTI’s customers are loyal and growing.

2017 brought a record number of new customer engagements, with 173% growth in net new customers over RTI’s strong 2016. To support the growth, RTI increased its employee headcount by 32%. Europe had particularly strong growth, with rapid expansion of its Spain Development Center (SDC) and 30% growth in the territory. RTI’s performance sets the stage for continued momentum in 2018; the company expects to expand field sales and business development this year.

The RTI Connext Databus is the strongest implementation of the Data Distribution Service (DDS) standard. In 2017, RTI introduced RTI Connext DDS 5.3, the first connectivity software for scalable system-of-systems databus architectures. RTI Connext DDS 5.3 is the newest addition to RTI’s comprehensive Connext DDS product portfolio, designed to architect IIoT systems in RTI’s key verticals: Healthcare, transportation, Oil & Gas, power and defense. RTI also introduced RTI Labs, a free program that provides early access to new IIoT technology. RTI’s advanced products now command more than 75% of the DDS market share.

Real-Time Innovations (RTI) is the Industrial Internet of Things (IIoT) connectivity company. The RTI Connext databus is a software framework that shares information in real time, making applications work together as one, integrated system. It connects across field, fog and cloud. Its reliability, security, performance and scalability are proven in the most demanding industrial systems. Deployed systems include medical devices and imaging; wind, hydro and solar power; autonomous planes, trains and cars; traffic control; Oil and Gas; robotics, ships and defense.
RTI lives at the intersection of functional artificial intelligence and pervasive networking.
RTI is the largest vendor of products based on the Object Management Group (OMG) Data Distribution Service (DDS) standard. RTI is privately held and headquartered in Sunnyvale, California.

Real-Time Innovations (RTI)
London Barbican
88 Wood Street
London, EC2V 7RS
United Kingdom
www.rti.com

Press contact:
Agentur Lorenzoni GmbH for RTI
www.lorenzoni.de
rti@lorenzoni.de

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