Citing 2019 growth fueled by new Fortune 500 financial institution clients and expanding existing deployments, company predicts continued growth through adoption of its edge data center solution
AUSTIN, TX – August 7, 2019 – RF Code, the leading provider of critical asset tracking and protection solutions for data centers, today announced 27% net revenue growth year-to-date.
RF Code’s success in the first half of the year results from strong growth in existing accounts as customers standardize on RF Code solutions and expand deployments to data centers and facilities worldwide, and the acquisition of three new Fortune 500 financial institution customers. The company is also seeing continued growth across the healthcare, insurance, manufacturing, and retail sectors, driven by the need for edge monitoring and management solutions.
“This growth is meaningful as I complete my first full year with the company,” said Dale Quayle, CEO of RF Code. “It’s a testament to our hardworking employees and our commitment to help our customers address the growing needs of traditional data centers, as well as those driven by edge, colocation, and private cloud deployments. As the year goes on, we look forward to building on these successes while continuing to add value to customers throughout the data center ecosystem”
Next week, RF Code will be participating in Gartner Catalyst in San Diego. During the show, at booth 426, representatives will provide a demonstration of RF Code for Edge. A complete solution for edge data centers, the company’s newest solution provides edge data center operators with real-time visibility, insight, and control over these highly distributed and difficult to monitor facilities.
Gartner predicts that by 2022, more than half of enterprise-generated data will be created to service the growing edge data center market, processed outside of data centers, and outside of cloud. As organizations expand their edge deployments, RF Code for Edge helps operators meet the unique monitoring and management challenges of these unoccupied microsites, providing the peace-of-mind of a comprehensive edge management strategy coupled with the ability to intelligently address operational risks, reduce costs, and ensure regulatory compliance.
About RF Code
RF Code is the leading provider of critical asset tracking and protection solutions. RF Code’s solution—consisting of sensors, dedicated infrastructure and powerful CenterScape software platform—replaces expensive and inaccurate manual processes with real-time intelligence, enabling organizations to reduce costs and reduce risk of downtime by improving asset utilization, increasing operational efficiency, and enhancing risk mitigation.
RF Code solutions track more than three million sensors worldwide, and have delivered over $100 million in savings to hundreds of customers, including more than half of the internet and telecommunications companies in the Fortune 500. RF Code is based in Austin, Texas, with partners around the world. Additional information can be found at http://www.rfcode.com.
Contacts
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adam.waitkunas@milldampr.com
