Kudos Inc.

Kudos Inc.

April 15, 2015 02:00 ET

International Demand from MTN Group and Fortune 1000s Put Kudos® Social Recognition on Track for Break Out Revenue Growth

CALGARY, ALBERTA--(Marketwired - April 15, 2015) - Kudos is pleased to announce that in the first quarter of 2015 the company signed long-term contracts that resulted in over 150% growth in monthly recurring revenue. With these signings and a healthy pipeline, Kudos is on track to triple its recognized revenue for 2015 - with the majority of growth coming from international markets. Progressive global enterprises - from the world telecom sector in particular - are choosing Kudos' social recognition as a key tool to engage their teams. New clients such as MTN Group headquartered in Johannesburg, South Africa; Globe Telecom headquartered in Manila, Philippines; and several North American Fortune 1000 enterprises are just some of the global influencers who have chosen Kudos' SaaS employee recognition system for their teams.

"We're seeing social recognition being highly prioritized both inside and outside of North America, and the surge in global enterprises with tens of thousands of employees adopting Kudos is proof that organizations across the world see social recognition as a critical part of their long-term retention, engagement and culture strategies," stated Tom Short, Co-CEO and Founder of Kudos. The recent Deloitte study, Global Human Capital Trends 2015, highlights in very clear terms just how critical employee engagement tools like Kudos are. According to the study, culture and employee engagement are now the number one challenge and priority for organizations all around the world. "Culture is absolutely king," furthered Short, "and there's no simpler, more cost-effective way to foster an engaged culture than empowering teams with peer-to-peer recognition in a social framework."

In response to the growing global demand for social recognition, Kudos has recently added Arabic, Farsi, Czech, Greek and Portuguese to its growing list of supported languages. "Recognition is something that every single one of us on this planet values, but we all give it and interpret it differently," says Muni Boga, Co-CEO and Founder of Kudos. "It is important for international companies to use solutions that can unite their people globally, but these solutions will only be effective if they're capable of understanding and embracing various cultural differences. This is an area we intend to specialize in." Boga added. Kudos now caters to users in over 80 countries, and to further meet the international demand, Kudos is rapidly expanding its Global Partnerships Program with the most notable partner being headquartered in Prague, Czech Republic.

About MTN Group

Launched in 1994, the MTN Group is a leading emerging market operator, connecting subscribers in 22 countries in Africa, Asia and the Middle East. The MTN Group is listed on the JSE Securities Exchange in South Africa under the share code: "MTN." As of 31 December 2014, MTN recorded 223,4 million subscribers across its operations. For more information: www.mtnbusiness.com, www.mtn.com and www.mtnmmo.com

About Globe Telecom, Inc

Globe Telecom is a leading full service telecommunications company in the Philippines, serving the needs of consumers and businesses across an entire suite of products and services including mobile, fixed, broadband, data connections, internet and managed services. Its principals are Ayala Corporation and Singtel who are acknowledged industry leaders in the country and in the region. For more information, visit www.globe.com.ph. Follow Globe Telecom on Facebook at www.facebook.com/GlobePH and Tattoo at www.facebook.com/GlobeTattoo as well as on Twitter @enjoyglobe and @choosetattoo and Instagram at @enjoyglobe and @choosetattoo.

About Kudos Inc.

The Kudos® social employee recognition system connects your team, drives performance and builds a culture of appreciation. It empowers managers and employees to give meaningful recognition in real time. As a SaaS solution, Kudos is highly scalable and adaptable - making it an ideal solution for any size of organization. With the system being used by enterprises in over 80 countries, Kudos is quickly becoming the global social recognition solution. Thank Different®. For more information: http://www.kudosnow.com

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