DALLAS and TORONTO, April 30 /CNW/ -- Quadrem International announced its
2007 revenues are up 27% year-over-year at the close of the first quarter. The
value of transactions flowing through the procurement platform in calendar
year 2007 is on track to reach more than 2.5 million purchase orders worth USD
$16.5 billion in goods and services. The network connects over 700 buyer
locations and more than 50,000 suppliers, with strong representation in the
MRO, complex services and general indirect categories.
"Since we launched in 2000, we've experienced continued demand globally
and annual revenue up-ticks of between 18 and 50 percent," said Charles
Jackson, Quadrem's CEO. "CPOs are placing a high priority on supplier networks
according to recent analyst reports, and we are seeing this reflected in our
record revenue generation this quarter."
Quadrem added 13 new customers in the quarter as interest in using
supplier networks to unlock supply chain value is increasing across many
"Quadrem has crossed another important financial milestone in delivering
the company's first substantial net income positive quarter(*)," added CFO Gary
Ito. "Quadrem continues to be uniquely positioned with global growth and a
broad-based geographic distribution of revenues and earnings contribution."
Quadrem was named a strong performer in the Q2 2007 Forrester Wave(TM):
eProcurement Solutions just released. The report, which evaluated 14 solutions
vendors across 118 criteria, notes that Quadrem has the industry's second
largest supplier network, and it "comes up big for companies with operations
in third world countries."
Quadrem (http://www.quadrem.com ) provides e-business solutions that
connect buyers and suppliers to maximise supply chain efficiencies. Quadrem's
global transaction platform, vibrant international trading community and high-
quality MRO data management services enable customers to implement the most
effective e-business initiatives for buyers and suppliers. Established in
2000, Quadrem has locations in Australia, Brazil, Canada, Chile, France,
Korea, Mexico, The Netherlands, Peru, Saudi Arabia, Singapore, South Africa,
the United Arab Emirates and the United States.
(*)Before non-cash stock-based compensation expense.
For further information:
For further information: Katherine Kirkpatrick, +1-972-543-8044, or
firstname.lastname@example.org , or Michael Busuttil, +1-905-361-4989, or
email@example.com , both of Quadrem Web Site: http://www.quadrem.com