RadiusTheme

Bangladesh · www.radiustheme.com · 13 vendors

RadiusTheme is a software development company specializing in building robust WordPress plugins, themes, and native mobile applications. As a subsidiary of Tech Lab Pro, the company focuses on transforming complex functional requirements into user-friendly digital tools to help businesses scale. They offer an ecosystem of over 90 products designed to work seamlessly with platforms like Elementor and WooCommerce.

Resilience scores

Technology vendors

Services catalogue

1 service in catalogue across 1 category; runs on 13 sub-vendors.

Insights

Last updated 2026-04-15 · revision 2

13 direct vendors, 140 subvendors

Direct vendors by controlling owner country (sample)

Subvendors by controlling owner country (sample)

Migration Readiness: 4/10

Assessed by AI based on technology stack characteristics (cloud-native vs legacy, containerization, microservices), regulatory environment, data residency requirements, financial stability, and vendor lock-in risks. The score ranges from 0-10, where higher scores indicate better readiness for technology migration.

RadiusTheme demonstrates medium-low migration readiness. The core internal tech stack, centered around WordPress and WooCommerce, suggests a traditional web application architecture that is not inherently cloud-native, containerized, or microservices-based. This implies that a significant re-platforming effort would likely be required to achieve the full benefits of a cloud migration, rather than a straightforward lift-and-shift. Major unknowns exist regarding the regulatory environment, data residency requirements, and financial stability (ability to fund a migration), all of which are critical factors that could significantly complicate or impede migration planning and execution. The vendor lock-in risk is also unknown, which is a crucial determinant of migration complexity and cost. While the use of React Native for mobile applications indicates some modern development practices that could be more adaptable to cloud environments, the overall readiness for a seamless, low-effort migration is limited by the traditional core platform and the substantial data gaps concerning key migration considerations.

Compliance

3 in-scope frameworks identified; showing 3.

GDPR (source) — Assessment Required

High risk due to: (1) Company explicitly serves customers in EU/EEA regions as stated on their website ('USA, UK, EU and others countries'), (2) Processes personal data of EU residents through customer registrations, support tickets, and sales transactions, (3) GDPR fines can reach 4% of annual turnover or €20M, (4) Company collects names, emails, payment data, and support communications which are all personal data under GDPR, (5) Uses third-party processors (Freshdesk, Paddle/2Checkout) requiring data processing agreements.

Evidence: https://www.radiustheme.com/privacy-policy/, https://www.radiustheme.com/about/

SOC 2 (source) — Assessment Required

Medium risk due to: (1) Company provides cloud-based software services (WordPress plugins, themes) to 260,000+ customers, (2) Processes customer data including personal information and payment data, (3) Uses third-party cloud services (Freshdesk, payment processors), (4) Serves enterprise customers who may require SOC2 compliance, (5) While not legally mandated, SOC2 is increasingly expected by customers for SaaS providers, (6) Risk is medium rather than high as company is based in Bangladesh where SOC2 enforcement is limited.

Evidence: https://www.radiustheme.com/, https://www.radiustheme.com/privacy-policy/

ISO 27001 (source) — Assessment Required

Medium risk due to: (1) Company handles sensitive customer data including personal information and payment data, (2) Operates in technology sector where information security is critical, (3) Serves 260,000+ customers globally requiring robust security management, (4) Uses multiple third-party services requiring security oversight, (5) ISO 27001 provides framework for managing information security risks, (6) Risk is medium as it's voluntary but increasingly expected in software industry for customer trust and competitive advantage.

Evidence: https://www.radiustheme.com/, https://www.radiustheme.com/privacy-policy/

Financials

Three-year financials

Financial Resilience Score: 6/10

RadiusTheme demonstrates meaningful commercial viability through a decade-plus operational history, Power Elite Envato author status, 250,000+ customers, and 65M+ cumulative plugin downloads. These proxy metrics collectively indicate a self-sustaining, bootstrapped business with genuine market traction. The deliberate evolution from one-time theme sales toward recurring annual plugin subscription licenses (Classified Listing Pro, The Post Grid Pro, ShopBuilder, etc.) is a structurally positive development that improves revenue predictability and customer lifetime value. The company benefits from low capital intensity — its cost base is predominantly human capital in a low-cost labor market (Bangladesh), while revenue is denominated in USD, providing a natural margin buffer against local cost inflation. A diversified product portfolio of 14 active plugins and 100+ themes, combined with dual-channel distribution (own website at higher margins plus Envato marketplace for reach), reduces single-product and single-channel concentration risk. The 30+ person team serving 250,000+ customers globally reflects an efficient, scalable operating model. However, the complete absence of any audited or publicly disclosed financial statements makes it impossible to verify actual profitability, debt levels, cash reserves, or equity. This opacity is the single largest constraint on the resilience score. Additionally, the business carries meaningful platform concentration risk via Envato/ThemeForest and ecosystem concentration risk via total dependence on the WordPress/WooCommerce platform. Key-person risk tied to the founder and a high customer-to-staff ratio (250,000+ customers per 30+ employees) present further operational vulnerabilities. On balance, the operational signals are positive and consistent with a profitable, growing small software business, but the lack of financial transparency prevents a higher confidence score. The resilience score of 6 reflects strong operational fundamentals tempered by unverifiable financial health and identifiable concentration risks.

Key strengths: Power Elite Envato author status indicating sustained high sales volume over many years, 250,000+ global customer base providing revenue diversification across geographies, 65,000,000+ cumulative plugin downloads demonstrating deep product adoption, Transition to recurring annual plugin subscription model improving revenue predictability, Low capital intensity with USD-denominated revenue against BDT-denominated cost base, Diversified portfolio of 14 active plugins and 100+ themes reducing single-product risk, Dual-channel distribution (direct website + Envato) with direct sales carrying higher margins, Over a decade of operational history (since 2010) reducing early-stage failure risk, 61,007 cumulative Envato sales confirming sustained commercial demand, 4.75–4.9/5 ratings across multiple platforms indicating strong customer retention signals

Risk factors: No audited or publicly disclosed financial statements — profitability, debt, and equity entirely unknown, Platform concentration risk: meaningful historical revenue dependence on Envato/ThemeForest marketplace, Ecosystem concentration risk: entire product portfolio dependent on WordPress/WooCommerce platform, Key-person risk: company closely tied to founder Mamunur Rashid with no disclosed succession or governance structure, High customer-to-staff ratio (250,000+ customers served by 30+ employees) creating support scalability risk, Competitive pressure in highly commoditized WordPress theme and plugin market, Bangladesh foreign exchange controls and repatriation rules creating potential operational friction, No disclosed venture capital, private equity, or external funding limiting visibility into capital structure

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