Thoma Bravo’s Roadnet Receives Two Industry Awards; Has Two Best Quarters for Sales and Customer Retention in First Half 2011
Vehicle routing software company: Roadnet Technologies Named To World’s Largest Software Company List By Software Magazine
Leading transportation software provider Roadnet Technologies was included in Software Magazine’s Software 500 ranking of the world’s largest software and service providers. The ranking, which is based on total worldwidesoftware and services revenue for 2010, can be viewed at http://www.softwaremag.com/.
Roadnet Technologies, a leader in route planning and scheduling software, was named in the “Top 10 Companies in the $30 – $50 million” and “Top 10 Overall in Revenue Growth” categories, based on the achievement of $35 million in software and service revenue and a 141.2% growth rate last year. Approximately 27 percent of the 2011 Software 500 companies are privately-held and more than 100 appear on the list in 2011 for the first time – two distinctions held by the Baltimore-based company.
Roadnet Technologies provides worldwide fleet management and route optimization solutions for hundreds of thousands of vehicles in a broad range of industries such as foodservice, beverage, paper, medical, waste management, textile and energy. Roadnet’s fleet management applications and logistics software provides strategic territory and street-level route plans, multi-stop vehicle routing and scheduling, real-time wireless dispatch, vehicle telematics, fuel management, and real-time vehicle GPS tracking.
“We consider this national recognition an extremely high honor and attribute this achievement to the continued strong efforts and successes of our entire team,” explained Len Kennedy, Chief Executive Officer of Roadnet Technologies, a leader in vehicle routing and fleet management software. Our company has continued this momentum through the first half of 2011, which represented the best two quarters in our 25-year history based on same-year sales volume and a 97% customer retention rate,” he added.
“The Software 500 is a quick reference of vendor viability,” stated John P. Desmond, editor of Software Magazine. “The 2011 results show that revenue growth in the software and services industry was healthy, with an approximate 10% growth from the previous year’s list,” he added.
Founded in 1983, Roadnet Technologies was acquired by United Parcel Service in 1986 and was known as UPS Logistics Technologies for more than 25 years. Thoma Bravo LLC, a $4 billion private equity firm headquartered in San Francisco, purchased the UPS division in late 2010 and re-stablished the corporate name.