11 Sep 2013 07:00
11th September 2013
RNS Reach
blur (Group) Plc
("blur Group" or the "Company")
s-commerce firm blur Group announces the move of its global HQ to Exeter's new science park
Set to create new jobs by the end of the year
blur Group, the company that is reinventing commerce at blurgroup.com announces the move this month of its Global HQ from London to the Exeter Science Park, the UK's 70th and newest Science Park. This will also see the creation of new jobs and follows the successful opening of its R&D Center in Exeter earlier in the summer. blur's London and Dallas offices will remain as regional commercial hubs.
The move by blur Group, one of the fastest growing LSE:AIM listed tech companies, shows a commitment to a region with four of the country's top 20 universities and positions blur for further growth after its recent secondary fundraising. Exeter and the South West demonstrate a track record in innovation and entrepreneurship where start-ups have attracted more than $550 million in investment and returned more than $800 million to shareholders. The area shares many characteristics with the original Silicon Valley and is in a prime position to become the UK's leading tech region.
blur is the founding company at the Exeter Science Park and shapers of its future as a key, international, eco-friendly tech hub for the 21st Century. By the end of September there will be 35 employees in Exeter and 35 will remain in London.
Philip Letts, blur Group CEO commented, 'Exeter has the right ingredients to become Europe's San Francisco, and South Western UK the new Silicon Valley. The South West combines innovation and technology excellence, a great mix of universities with both academic and venture focus and an established reputation in attracting leading tech firms while providing great incubation and support for earlier stage business. It's a combination that has worked well for the US and has the potential to do the same in the UK."
-ENDS-
For further information please contact:
blur (Group) plc | investors.blurgroup.com |
Lucy Davies - 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 at blurgroup.com
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. Approaching 35,000 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 projects per month were submitted. Now, nearly 150 projects start on the exchange each month. Customers include Danone, Broadridge, Coral, Exceed, HCA, Momentive, Red Commerce, the Financial Times, Berlitz, Butlins, GE Healthcare and Tyco. Over the same time, average project value has grown from approximately $1,500 in 2010 to $22,943 in Q2 2013.
Today, over 2,500 projects have been submitted with a combined value of above $42.0 million. These have come from the US, UK, Europe, Africa and Asia with over 30,000 expert service providers on eight exchanges responding to them.