Strong Growth in Fee Revenues and Number of Employees
Munich, May 17, 2023: Sharp rise in fee revenues and number of employees: The digital solution, consulting and software house valantic continues its ascent of the German Internet Agency Ranking of Bundesverband Digitale Wirtschaft e.V. (German Association for the Digital Economy, BVDW). After having made it to the Top 10 of Germany’s largest digital agencies for the first time last year, Munich-based valantic has kept up this momentum, rising further to fifth place in the current ranking. This was enabled by strong organic growth as well as strategic mergers in the Customer Experience (CX) field with which valantic further differentiated its portfolio. The BVDW ranking compares the development of German providers in the categories Fee Revenues and Number of Employees. A total of 159 agencies were compared in this year’s ranking.
The BVDW Internet Agency Ranking is seen as an industry barometer for the German agency landscape. Since 2001, BVDW, alongside trade publications werben & verkaufen (W&V), Horizont and HighText iBusiness, has been listing the development of fee revenues and the number of employees of Germany’s digital agencies. In doing so, BVDW closely examines an important segment of the digital value chain and offers a neutral orientation within the agency industry.
As in the previous year, valantic also made strong gains in the new ranking: Besides above-average organic growth, valantic also reported a significant rise in its fee revenues and number of employees compared to the previous year – which also stemmed from strategic acquisitions. valantic thereby pursued a two-prong strategy of further diversifying its service portfolio as well as expanding its end-to-end competencies.
Fee revenues surge EUR 30 million
valantic reported a sharp gain of around 35 percent in CX fee revenues, rising from EUR 90 million to around EUR 120 million. This lifted valantic two places compared to the previous year (last ranked seventh) and secured it its first-ever top 5 ranking amongst Germany’s largest providers.
Reto Rutz, Partner and Managing Director of valantic’s CX division, says: “The continued strong growth in sales and personnel confirms we’re on the right strategic course. We’re making systematic progress in tapping new service fields. By further differentiating our portfolio, we can now cover everything from satisfying bespoke customer needs to end-to-end implementations of large-scale digitalization projects.”
Sharp rise in headcount as the basis for future success
Besides higher fee income, valantic also enjoyed a sharp rise in the number of employees – from 800 to 1000 – over the past year: “We’re delighted that the valantic family also grew strongly in terms of personnel last year. valantic, as an attractive employer for its staff, is the cornerstone for a successful future. We’re thus optimistic about our ability to continue our ambitious growth course in the coming years,” says Rutz. Although the CX agency business is a key thematic area for valantic, it is by no means the only market in which valantic has recently enjoyed robust growth across Germany and Europe. It has also grown strongly in the areas of SAP Services, Smart Industries & Industry 4.0, Financial Services Automation and Digital Strategy & Analytics. In doing so, the digital service provider is increasingly aligning itself as an international player.