Business Wire

Trade Extensions records 17% growth and adds 20 major new clients

Del

Trade Extensions (www.tradeextensions.com), the specialist platform for strategic sourcing with optimisation, generated record breaking revenue in 2016 recording 17% growth and gaining an additional 20 clients.

The growth means the company has increased revenue by 180% in the last five years and key to this has been the development of the North American market which saw 22% growth during 2016. The strong performance in North America means it now contributes 45% of Trade Extensions’ revenue with the remaining 55% generated in Europe, which grew by 13%.

Optimisation is widely used in sourcing as it enables organisations to use advanced mathematical algorithms to analyse the millions of variables generated in modern sourcing projects and help identify solutions that best meet their individual needs in terms of price, quality or any other constraints they have, such as environmental impact.

Trade Extensions has the leading sourcing optimisation technology available and gained over 20 new clients in 2016*. It was particularly successful in retail, but also gained major clients from the shipping, beverage and automotive sectors.

Consistent with its strategy to focus on technology sales, as opposed to consultancy fees, Trade Extensions now generates 84% of its revenue from software sales with 76% in the form of repeatable subscription licences.

Trade Extensions, CEO, Garry Mansell said, “The key to selling repeatable licences is enabling users to be self-sufficient and generate value for their organisations, and this is reflected in our strong profitable growth.”

Trade Extensions will further support its strategy to make users more self-sufficient when it launches TESS™ 6.0 on April 27, 2017. TESS 6.0 is Trade Extensions’ most comprehensive recent update to its platform and makes extensive use of automated user guidance and ‘TESS Apps™’ to ensure the power of TESS is accessible to all users, whether they are running complex sourcing events or simpler projects involving routine bid collection or even auctions.

TESS 6.0 represents a significant milestone for Trade Extensions and will continue to power the growth the company has experienced over the last 10 years. The signs are that the growth will continue. The order book for Q1 is already higher than for the same period in 2016. In addition, Trade Extensions is planning to establish its first permanent Asian office during 2017 and will also appoint a new regional sales manager in North America as well as new strategic sourcing consultants in Europe and the Americas.

Mansell said, “Our business performance in 2016 has given us the freedom to make the investments we need to stay ahead of our competition and continue to provide exceptional service to our clients. TESS 6.0 will be a watershed moment in the business’s development and will cement our position as the best strategic sourcing software platform for complex projects as well as more routine buying events.”

-ends-

*Spend Matters describe Trade Extensions customer list:

“…a client list that probably includes more of the world's top 50 firms than perhaps any other procurement software vendor except SAP or Oracle – even that might be a close run thing! Think of the world's largest consumer goods, retail and pharma firms, and you won't be far wrong.”

https://spendmatters.com/2015/08/06/trade-extensions-a-provider-to-know-in-2015/

Trade Extensions

Trade Extensions (www.tradeextensions.com) specialises in strategic sourcing with optimisation. Over $1 billion worth of spend is allocated through its sourcing platform each week.

The Trade Extensions logo is a registered trademark of Trade Extensions TradeExt AB.

TESS™ and TESS Apps™ are trademarks of Trade Extensions TradeExt AB.

Contact information

Trade Extensions
Niklas Pettifor
nik.pettifor@tradeext.com
+44 (0)20 8004 3236

Om Business Wire

Business Wire
Business Wire
24 Martin Lane
EC4R 0DR London

+44 20 7626 1982http://www.businesswire.co.uk

Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.

Følg saker fra Business Wire

Registrer deg med din epostadresse under for å få de nyeste sakene fra Business Wire på epost fortløpende. Du kan melde deg av når som helst.

Siste saker fra Business Wire

Edgewater Networks Announces Event Sponsorship of BroadSoft Connections 201720.10.2017 21:00Pressemelding

Edgewater Networks, Inc., the industry leader in Network Edge Orchestration, announced today that it is an event sponsor of the BroadSoft Connections 2017 user conference, which takes place October 22-25 at the JW Marriott Phoenix Desert Ridge Resort & Spa in Phoenix, AZ. During the event, Edgewater Networks will feature demonstrations of the latest end-to-end network interoperability capabilities, including Zero Touch Provisioning, UC Analytics from the core to the endpoint, SD-WAN optimized for BroadSoft, and much more. Continuing a long-standing partnership with BroadSoft, Edgewater Networks has completed another level of BroadCloud certification, this time for local survivability which is critical for business continuity for SMB and Enterprise customers. BroadSoft’s PacketSmart is available on all EdgeMarc Intelligent Edges. All elements of the Network Edge Orchestration are

More than 70 Companies to Showcase Top Tech at CES Unveiled Paris20.10.2017 15:08Pressemelding

The Consumer Technology Association (CTA) today announced that more than 70 exhibitors will showcase their latest innovations at the now sold-out fifth annual CES Unveiled Paris The event will focus on the Internet of Things (IoT), connectivity and smart cities, and draw more than 600 attendees. CES Unveiled Paris will run from 2-7:30 PM on Tuesday, October 24, 2017 at the Palais Brongniart. Regional technology companies, top-tier media outlets, buyers and key industry influencers will come together at CES Unveiled Paris to get a direct look at the latest industry developments. The day kicks off with a CES news conference and CTA market trends presentation. Conference programming is followed by a tabletop exhibition & networking reception. Curated exhibitors will be there to showcase top tech from robotics and audio to smart home and augmented and virtual reality. Notable

Westinghouse Receives Regulatory Approval for Analysis Methodologies20.10.2017 12:15Pressemelding

Westinghouse Electric Company today announced that it has received approval from the U.S. Nuclear Regulatory Commission (NRC) for two new important analysis methodologies that will be used to upgrade Westinghouse- and Combustion Engineering-based nuclear steam supply system (NSSS) safety analyses. The approvals granted are for the new FULL SPECTRUMTM Loss of Coolant Accident (FSLOCATM) methodology and the Performance Analysis and Design Model software code update, PAD5. FSLOCA is capable of improved modeling of the transient response in a pressurized water reactor to the full spectrum of LOCA break sizes that could occur, and PAD5 is the next generation of the Westinghouse fuel rod design performance code. “These codes were developed to work in concert with each other to maximize analytical margin for nuclear utilities,” said Michele DeWitt, senior vice preside

Gilead Announces Multiple Scientific Presentations Demonstrating High Cure Rates in Difficult-to-Cure HCV Patients and Improved Long-Term Bone and Renal Safety of Vemlidy® in HBV Patients Switched from Viread®20.10.2017 12:03Pressemelding

Gilead Sciences, Inc. (NASDAQ: GILD) today announced results from Phase 2 and Phase 3 studies of its approved medicines for chronic hepatitis C virus (HCV) and hepatitis B virus (HBV) infection, adding to the body of evidence supporting Gilead’s viral hepatitis therapies in diverse patient populations. These and other data from more than 25 abstracts will be presented this week at The Liver Meeting® 2017, which begins today in Washington, D.C. Positive results from studies of Harvoni® (ledipasvir 90mg/sofosbuvir 400mg) in HCV-infected patients with severe renal impairment, Epclusa® (sofosbuvir 400mg/velpatasvir 100mg) in HCV-infected liver transplant recipients and Vosevi® (sofosbuvir 400mg/velpatasvir 100mg/voxilaprevir 100mg) in NS5A-inhibitor experienced HCV-infected patients will be presented during poster sessions on October 21 and October 22. In addition, updated results f

SP3H Announces That It Has Obtained a €1.2 Million European Union Grant for Its Intelligent and Clean Vehicle (VIP) Project20.10.2017 10:47Pressemelding

SP3H is proud to announce joining the very select circle of the 10 French winners of the H2020 SME Instrument Phase 2 program since 2014. This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20171020005325/en/ Last summer VIP received the very prestigious SME instrument phase 2 H2020 label in the "transport & smart cities mobility" category. With an overall budget of € 1.7 million, VIP is subsidized by the European Union at a rate of 70% or €1.2 million. The framework contract was officially signed early October. VIP is the pre-industrialization program for Fuelbox sensors, the world's first miniaturized scanner capable of analyzing the quality of fuels on board vehicles. The heart of the program remains closely linked to the reduction of CO2 and pollutant emissions from vehicle

I vårt presserom finner du alle våre siste saker, kontaktpersoner, bilder, dokumenter og annen relevant informasjon om oss.

Besøk vårt presserom