FY2021: Retarus maintains impressive growth trajectory despite COVID-19 pandemic
Increased demand for digital communication solutions leads to seventh consecutive year of record results and strong staff number growth
Singapore, 05/8/2021 // Munich-based enterprise cloud provider Retarus has continued to grow impressively, even during the coronavirus pandemic. The fiscal year 2021, which ended in June, saw a revenue growth to more than 60 million euros for the first time. This represents an 11 percent increase over the previous year’s turnover and the seventh consecutive year of record results for Retarus. The sustained growth is reflected in the company’s workforce. With global staff now exceeding 450 employees, Retarus has grown by more than 10% in comparison to the previous year and is still hiring.
A major reason for the growth of the business and this positive trajectory is the greater demand for digital solutions for business communication. Thanks in part to the recent statutory regulations regarding working from home and the stringent General Data Protection Regulations (GDPR), companies are faced with increasingly challenging requirements around digitalizing, automating, and cloudifying their communication and business processes. To take these developments into account, Retarus has expanded its workforce substantially over the past year despite the pandemic – especially in sales, the technical departments, product development, and in core functions around the world. The French office, for instance, saw a 75 percent net growth in staff. The increase in staff numbers has moreover been sustainable, as shown by the average length of employment, which is more than five years. For the current business year, 2022, Retarus is planning to expand its staff to over 500 employees for the first time in the company’s history.
Major expansion of development capacities
To ensure it can continue to provide its ever-growing customer base with state-of-the-art cloud services for business communication, Retarus has expanded its development to multiple locations around the world. Following the highly successful establishment of its development center in Timişoara, Romania, Retarus has opened a new subsidiary in the tech hub of Lisbon, Portugal. By the end of this year, the Romanian office is planning to increase its staff by 30 percent. The new employees will mainly work in frontend development, but also in support and customer care. The newly founded Retarus Portugal Unip Lda. is also planning to hire 15 developers by the end of 2021, who will initially be working closely with their colleagues at the head office in Munich to develop innovative features for the Retarus Secure Email Platform.
COVID-19 pandemic strategy highly successful
The highly consistent implementation of the company’s internal pandemic strategy also contributed greatly to the success of the business over the past year. Retarus’ employees have been successfully working flexibly from home. Due in no small part to its many international teams, even before the pandemic struck the company was already technically well-equipped to switch over to working remotely without disruption. In addition, air filters were installed in the offices and wide-ranging measures were implemented to ensure compliance regarding hygiene regulations and distancing guidelines. All staff members are given regular opportunities to be tested and, since this summer, vaccinations are also offered. Based on thoughtfully structured programs and procedures, the recruitment and onboarding of new employees is currently also taking place almost exclusively by way of online tools in the home office.
Outlook for FY 2022: Technical innovations, international expansion, and channel partners
About Retarus
Retarus is a global provider of API