SINGAPORE, Singapore – 8th February 2017 – Trax Image Recognition was named one of the fastest growing technology companies on the Deloitte Technology Fast 500™ EMEA list, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences and energy tech companies in Europe, the Middle East and Africa (EMEA).
Trax chief executive officer, Joel Bar-El, attributes the company’s success to the dedication and talent at Trax and the company’s commitment in pushing the technological boundaries of its breakthrough computer vision platform.
“We are honoured to be recognized for our performance in the technology industry” said Bar-El. “The Fast 500™ award is a great achievement for Trax and demonstrates the hard work, determination, integrity and vision of our company. Trax’s innovative solutions and services are truly redefining the consumer goods and retail industry.”
Trax has gained international industry recognition as the world leader in computer vision solutions for retail. The company’s technology has proven to increase in-store revenues while reducing operational costs for both consumer goods companies and retailers in the marketplace.
“Innovation is more than technological advancement; it’s also a state of mind,” said Paul Sallomi, vice chairman, Deloitte LLP and global technology, media and telecommunications industry leader. “The winners of the Deloitte Technology Fast 500 program in EMEA recognize that this new type of thinking is essential for business success. We look forward to your continued leadership in introducing new tools that can enhance the personal lives of consumers, and drive growth for companies worldwide.”
About the Deloitte 2016 Technology Fast 500 EMEA program
The Deloitte Technology Fast 500™ EMEA program is an objective industry ranking focused on the technology ecosystem. It recognizes technology companies that have achieved the fastest rates of revenue growth in Europe, the Middle East, and Africa (EMEA) during the past four years. The program is supported by the Deloitte Technology Fast 50 initiatives, which rank high-growth technology companies by location or specifically defined geographic area, and are run by the Deloitte Touche Tohmatsu Limited’s Technology, Media & Telecommunications (TMT) global industry group. More information on the program and prior year winners is available at www.deloitte.com/fast500emea.
Now in its sixteenth year, the Deloitte Technology Fast 500 EMEA program in 2016 included over 20 countries, including Belgium, France, Finland, Germany, Italy, the Netherlands, Turkey and the UK. This year’s winners were selected based on percentage fiscal-year revenue growth from 2012 to 2015.
In 2016, Deloitte Technology Fast 500 EMEA companies achieved revenue growth ranging from 212 percent to 28,126 percent from 2012 to 2015, with median growth of 967 percent.
About Trax Image Recognition
Trax Image Recognition is the world leader in computer vision solutions for retail. The company enables tighter execution controls in-store and the ability to leverage competitive insights through their in-store execution tools, market measurement service and data science to unlock revenue opportunities at all points of sale. Trax does this using iOS, Android and Windows smartphones and tablets to gain actionable shelf analytics in real-time.
With over 175 clients, in over 50 countries, top brands such as Coca-Cola, AB InBev, Nestle, Henkel, PepsiCo and many more, leverage Trax globally to manage their in-store execution and increase revenues at the shelf. Trax is headquartered in Singapore with offices across Asia Pacific, Europe, Middle East, North America and South America. To learn more about Trax, please visit www.traxretail.com.
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Fei Fei Ho
VP Marketing & Communications