RICS Software

June 17, 2014 09:00 ET

RICS Continues Momentum With 87 Percent Total Revenue Growth

Retail Management Solutions Provider Sustains Positive Growth With the Addition of New Customers, Executives and Recognition as Entrepreneurial Leader

INDIANAPOLIS, IN--(Marketwired - Jun 17, 2014) - RICS Software, a web-based retail management solution, has experienced continued momentum across its ecosystem, including considerable revenue growth and the addition of new customers and executives. The overall success of the company can be attributed to its firm belief in continuously evolving, improving and simplifying the tools it provides its customers -- attributes recognized for the second consecutive year by Inc. Magazine's prestigious Inc. 5000 award. By democratizing its retail technology, RICS makes it easy for small and medium-sized businesses to flourish within the competitive world of retail.

Since 2011, the company has seen an astounding 87 percent growth in total revenue. Further, from 2012-2013, the company signed 45 percent more customers to its platform.

"Our solution allows retailers to run their stores efficiently, and affordably, in a very competitive retail environment," said Jason Becker, Chief Operating Officer of RICS Software. "Over the last three years, we have experienced a 287 percent increase in the number of stores using our software solution, and today, more than 1,500 stores, including New Balance, Life is Good, and Fleet Feet Sports, are utilizing our technology."

To meet the rapidly increasing demand of its new customers, in 2013 RICS added 17 new members to its workforce, including the addition of two vice presidents. RICS Software hired Megan Glover as Vice President of Marketing and Business Development. Ms. Glover's brings her strategic vision to further develop the RICS team. Roy Cowan joined as Vice President of Products and Services. Mr. Cowan is in charge of developing products and heading up the client support team.

With a well-qualified staff and an abundance of new customers, the RICS team remains dedicated to improving its retail management solution to stay current with market demands.

For more information on RICS Software, visit

About RICS Software
With over 30 years in the industry, RICS knows retail. Founded in 1983 for a shoe storeowner, RICS has grown from an installed inventory control system to a comprehensive retail management solution. Our software simplifies retail operations and provides the data retailers need to make profitable decisions.

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