Redeye initiates coverage of Ranplan, a provider of wireless network planning and optimisation software. Through its unique offering with combined support for both indoor and outdoor networks, we argue that Ranplan is well-positioned to deliver significant growth over the coming years. There is further high operating leverage in the business model, which allows for strong profitability. We see substantial upside potential in the share and expect the company's growth performance to earn greater attention from investors going forward.