14 Mar 2013 07:00
Embargoed for release at 7am
London, March 14th, 2013
blur (Group) plc
("blur," the "Group" or the "Company")
Latest milestone passed
1,700 briefs passed and $23m brief value now exceeded
blur (Group) plc, the technology company that is reinventing commerce, today announced that it has passed another significant milestone as it continues to attract new customers wanting services delivered differently.
blur Group has now received over 1,700 briefs for its services including marketing, design, media, and technology, legal and accounting from companies on five continents.
Also this week, the total value of briefs placed on the Exchange exceeded the $23m mark and the numbers of expert service providers on the Exchange is now nearly 25,000, from 135 countries.
These metrics demonstrate that blur Group is seeing both an escalation in the rate of briefs being placed on the Exchange, and the average value of the briefs.
The 1,700th brief came from an IT Security company in the US for an SEO-optimized microsite to support a product launch.
Philip Letts, CEO blur (Group) plc, said "It seems that we're passing these milestones with increasing frequency, which is both testimony to s-commerce as the new way of delivering services for business and continuing proof that this model is reaping benefits for both buyer and seller."
ENDS
blur (Group) plc | investors.blurgroup.com |
Philip Letts, CEO/ Dorothy Mead, Head of Marketing | Tel: +44 20 3176 0548 |
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N+1 Singer |
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Shaun Dobson / Matt Thomas | Tel: +44 20 7496 3000 |
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Newgate Threadneedle |
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Caroline Evans-Jones/ Josh Royston/ Hilary Millar | Tel: +44 20 7653 9850 |
About blur (Group) plc at blurgroup.com
blur owns and operates s-commerce exchanges where businesses in any country can buy, sell and pay for services like marketing, advertising, technology, legal and accounting. Businesses brief projects and expert service providers pitch for the project and the entire process runs online right through to project delivery and payment.
In early 2010, when the Exchange formally launched, just over three briefs per month were submitted. In Q4 2012 this had risen to around 80 per month from companies like Broadridge, Coral, Exceed, Fantasy World, Red Commerce, the Financial Times, Berlitz, Butlins, GE Healthcare and Tyco. Over the same time, average brief value has grown from approximately $1,500 in 2010 to an average of $16,050 in Q4 2012. Now more than 1,700 briefs have been submitted with a combined brief value of over $23 million, with these briefs coming from the US, UK, Europe, Africa and Asia.
Today, blur Group has nearly 25,000 experts, agencies and service provider firms in 135 countries on eight crowd platforms who benefit from networking, peer advice as well as new business opportunities. All are reviewed and approved by the Group's Exchange Support executives before joining.