Trade Extensions Records 50% Growth

LONDON - Trade Extensions is predicting a year of growth as businesses see on-line
procurement and optimisation as tangible steps they can take to cut costs and
beat the recession.

The announcement is prompted by the news that Trade Extensions’ revenue
grew by 50% during the last 12 months with one third of the growth coming
from new customers. The success in 2008 is in line with recent performance
and means revenue has increased by 150% since 2006.

On-line procurement makes collecting precise information from a large
group of suppliers easy but where technology can provide significant benefit
is helping buyers make sense of these offers. A typical procurement project
could involve hundreds of suppliers; thousands of individual items and
millions of possible combinations of results. This volume of data is
impossible to analyse manually but Trade Extensions software can find
solutions in seconds.

Analysing procurement data in this way can have a dramatic impact of a
company’s bottom line by identifying savings that can be achieved without
compromising quality. For example, during 2008 Trade Extensions ran transport
tenders worth EUR1billion and was able identify potential savings for its
customers of between 8-15% - savings that often ran into millions of euros.

Trade Extensions President Garry Mansell said, “Effective procurement and
rational decision making are things that remain within businesses’ control
and mean they can seize the opportunities that exist even in the current
economic climate.”

Alongside its work in the transport sector where it has historically been
strong, Trade Extensions has worked in procurement projects covering
industries as diverse as telecoms, road construction; print services and
office maintenance. The flexibility of its software also means it can be
implemented very quickly without expensive and time consuming software
programming.

Garry Mansell said, “Trade Extensions allows businesses to justify every
penny and euro they spend and we give them the confidence that the suppliers
and solution they choose is the best available.”

About Trade Extensions

Trade Extensions (www.tradeextensions.com) sets new standards for
on-line procurement and optimisation. Its unique procurement software helps
organisations specify tenders, collect offers and, most significantly,
optimise the results.

On-line procurement projects generate millions of variables and it is the
algorithm design that underpins the success of Trade Extensions’ software and
means solutions can be identified in seconds.

More information

Niklas Pettifor
Pettifor & Pettifor
niklas@pettifor.com
+44(0)20-7936-9269

Source: Trade Extensions

More information: Niklas Pettifor, Pettifor & Pettifor, niklas at pettifor.com, +44(0)20-7936-9269