5 Jun 2013 07:00
5 June 2013
blur (Group) Plc
("blur Group" or the "Company")
AGM Statement
Global Services Exchange receives its 2,000th project
blur Group, the company that's reinventing commerce at blurgroup.com will be holding its Annual General Meeting later today. At the meeting, Philip Letts, Chairman and CEO, will provide the following update:
We have enjoyed a strong start to the current financial year, seeing acceleration in the number of businesses adopting s-commerce. Nearly 1,000 new businesses a month are now using blur's Global Services Exchange and earlier this week saw the passing of another major landmark - the receipt of the 2,000th project submitted on the Exchange. This came just 9 months after the 1,000th project, a significant decrease on the four years it took to reach that initial 1,000 landmark.
In keeping with the global reach of the Exchange, the 2,000th project came from Saudi Arabia, and was placed on the Design Exchange.
We have also recently launched blur 3.0 - after six years in development - designed to deliver a unified, scalable and streamlined platform for all buyers and sellers of services.
In more recent news, we are also expecting to hit our 50th employee this month and recently appointed two senior sales managers to head up the US and EMEA teams.
We are confident that the investments we have made to date in our s-commerce platform and our people, combined with the new investments our recently announced $11.5m fundraise will provide, mean we are in a strong position to capitalise on our first mover advantage in this significant market. With nearly 30,000 businesses on the Exchange from 141 countries worldwide, we believe we have the traction and the funding to drive the global adoption of s-commerce.
For further information, please contact:
blur (Group) plc | investors.blurgroup.com |
Philip Letts, CEO/ Ravi Pau, PR Manager | Tel: +44 20 3176 0548 |
N+1 Singer | |
Shaun Dobson / Matt Thomas | Tel: +44 20 7496 3000 |
Newgate Threadneedle | |
Caroline Evans-Jones/ Josh Royston/ Hilary Millar | Tel: +44 20 7653 9850 |
About blur (Group) plc
blur Group is a technology company reinventing how businesses do commerce at blurgroup.com. Its Global Services Exchange delivers services differently: a new way to buy, manage and pay for core services. Nearly 30,000 businesses in 141 countries have adopted this s-commerce platform and changed the way they work.
blur Group (BLUR) is a public company headquartered in the UK with offices in the US and Europe. It is listed on the London Stock Exchange's AIM market. blur was founded in January 2006 and launched in alpha in 2007 with the full, formal launch of the Global Services Exchange in January 2010. At that time, just over three project briefs per month were submitted. Now 100 projects per month from companies like Broadridge, Coral, Exceed, HCA, Momentive, Red Commerce, the Financial Times, Berlitz, Butlins, GE Healthcare and Tyco are received. Over the same time, average brief value has grown from approximately $1,500 in 2010 to $10,800 in Q1 2013.
Today, more than 2,000 projects have been submitted with a combined brief value of over $26 million. These have come from the US, UK, Europe, Africa and Asia with over 27,000 expert service providers on eight exchanges responding to them.