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9 Jul 2014 07:00
blur Group Plc
("blur Group" or the "Company")
blur Group announces first half 2014 project bookings up by over 200%
blur Group (LSE: BLUR), the s-commerce company, today announces project bookings* for the first half of 2014 have increased by more than 200% year-on-year to $16.04m (H1 2013: $5.2m).
Continuing the trend seen in the latter half of 2013, s-commerce is being increasingly adopted by enterprise customers, with Amazon, Solvay, UTI, Menard, Incisive Media, Sabre, and CBRE starting projects in Europe, North and South America and the Middle East during the first half of 2014. All customers are now benefiting from the latest version of blur Group's platform, blur 4.0 which was the major technology release in the first half of the year, and joins nearly 50,000 business buyers and sellers operating on the Exchange.
Key to blur Group's global reach and growth are its partnership programs and the Company is pleased to have partnered with GAIN, an initiative from the University of Plymouth, to bring global opportunities to businesses in the local region in which it has located its head office. blur Group also announced partnerships with AMS and now has a referral partner network of nearly 1,000 organisations worldwide, including larger partners such as Alibaba.
"Launching version 4.0 of blur Group's s-commerce platform was integral to enterprise customers adopting the Exchange," commented Philip Letts, blur Group CEO. "We were particularly pleased to see additional projects from companies including Amazon, Sabre and Canadian Cancer in this period, reinforcing our focus on customer experience and retention."
For further information please contact:
blur Group plc Barbara Spurrier Ruth Speakman | Tel: +44 (0) 1392 927795 |
N+1 Singer | |
Shaun Dobson / Jen Boorer / Emily Watts | Tel: +44 (0) 20 7496 3000 |
Newgate Threadneedle | |
Caroline Forde / Josh Royston/ Hilary Millar | Tel: +44 (0) 20 7653 9850 |
About blur Group (LSE:BLUR)
blur Group operates the market leading, cloud-based platform for s-commerce used by nearly 50,000 businesses who have submitted over $250m of projects to date
\* The total bookings intake represents the project values (excluding listing fees) as agreed and confirmed by the customer in the year. It is used to measure the total expected revenue to be recognised over the life cycle of these projects and can include a proportion that is contingent, with revenues being recognised in the current and future periods, either over timelines or upon milestones being achieved. This booking value may change over time due to the scale, contingent elements and complexity of projects.
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