Rapid Market Growth RediShred Capital Corp. has demonstrated strong revenue growth with quarterly increases, reaching record consolidated revenue of $18 million CAD in Q2 2024 and a 16% year-over-year growth in Q3 2024, indicating expanding market demand for secure shredding and data management services.
Acquisition Opportunities The recent acquisition of Confidential Shredding LLC and the upcoming sale of Redishred suggest ongoing consolidation within the data destruction and shredding industry, providing avenues for tailored solutions in mergers, integrations, or expansion channels.
Financial Stability With RediShred's valuation at approximately CA$95 million and steady quarterly revenue increases, the company presents a financially robust opportunity for partners seeking reliable growth and investment in secure document destruction solutions.
Industry Consolidation The company’s transition from independent operations to being acquired by VRC Companies indicates a trend toward industry consolidation, creating potential sales prospects in enterprise-level data security and waste management services for larger corporate clients.
Technology and Service Expansion RediShred's focus on on-site shredding, product destruction, and integrated recycling highlights opportunities for sales of complementary hardware, specialized shredding software, and cloud-enabled data security platforms to enhance operational efficiency for their customers.
Redis uses 8 technology products and services including Anaplan, Office 365, Google Sheets, and more. Explore Redis's tech stack below.
| Redis Email Formats | Percentage |
| First.Last@redislabs.com | 73% |
| First@redislabs.com | 22% |
| Last@redislabs.com | 3% |
| First.L@redislabs.com | 1% |
| First.Middle@redislabs.com | 1% |
Software DevelopmentCalifornia, United States1001-5000 Employees
Redis is the world's fastest data platform. We provide cloud and on-prem solutions for caching, vector search, and more that seamlessly fit into any tech stack. With fast setup and fast support, we make it simple for digital customers to build, scale, and deploy the fast apps our world runs on.
Company Overview
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Funding & FinancialsRedis has raised a total of $1.2M of funding over 10 rounds. Their latest funding round was raised on Dec 16, 2021 in the amount of $1.2M.
Redis's revenue is estimated to be in the range of $1B$10B
Funding & FinancialsRedis has raised a total of $1.2M of funding over 10 rounds. Their latest funding round was raised on Dec 16, 2021 in the amount of $1.2M.
Redis's revenue is estimated to be in the range of $1B$10B
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