Follow Readly UK

Readly ranked in top 10 on Deloitte 2018 Technology Fast 500 EMEA list

Press release   •   Sep 26, 2019 12:10 BST

Readly, the digital magazine subscription, makes it to the top ten list in Deloitte Global’s Technology Fast 500™ rankings for EMEA 2018.

Deloitte Global’s Technology Fast 500™ EMEA program 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.

With a revenue growth of 7300 percent during 2014-2017, Readly earned 10th place in the Deloitte ranking, which was released this week.

Maria Hedengren, CEO of Readly, comments: “Readly’s rapid growth is evidence of the magazine industry in digital transformation. We are delighted to lead that shift together with publishers and receive this acknowledgement.

The interest for digital magazines is increasing and we keep unlocking new opportunities for all stakeholders to gain value from magazines as we digitize print, making quality content more accessible. The total global magazine industry is worth €70 billion - we plan to keep our growth rate high.”

Erik Olin, Partner, Audit and Assurance, Head of Clients & Industries, Deloitte Sweden comments: "It’s great to see Readly on this year’s EMEA Technology Fast 500 list. It once again proves that swedish tech companies are performing well internationally. That 46 of the swedish companies on the list are found on the upper half, demonstrates that there is an ability to both generate good ideas as well as making them grow.”

Readly growth and milestones in the past twelve months include:

  • November 18': Readly continued the global expansion launching in the Netherlands
  • September 18’: ‘Readly Exclusive’, a new exclusive content feature, was launched
  • August 18': Swedbank Robur and Zouk Capital invests 10€m in Readly
  • May 19': Readly strengthens its position in Europe by launching in Italy
  • June 19’: Readly secures €15 million in funding from Swedish and UK investors.

ENDS

About Readly

Readly is a digital subscription service that lets customers have unlimited, “all-you-can-read” access to thousands of national and international magazines in one app – both streamed and downloaded. Readly launched in Sweden in 2013, the app is available globally but is currently actively marketed in Sweden, the United Kingdom, Germany, Austria, Switzerland, the Netherlands, the United States, Ireland, and Italy. The service is ultra-fast, easy-to-use and convenient – each subscriber can access magazines on up to 5 devices. Readly offers a powerful, risk-free route to market for publishers who can also track and analyse how their content is being consumed.www.readly.com

Photo credit: Readly / Magnus Glans

Comments (0)

Add comment

Comment

By submitting the comment you agree that your personal data will be processed according to Mynewsdesk's Privacy Policy.