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Trade Extensions grows during 2011

Trade Extensions continues to grow and the end of year results show this was laregly due to some significant new customers and increased sales from software licences. 

During 2011, the company added significant customers from sectors including retail, telecoms, consumer goods and chemical and five of Trade Extensions’ top 20 customers, in terms of sales, were gained during the year.  The proportion of sales from business users - individual companies as opposed to consultants - rose to 70% and the new customers and the additional revenue mean Trade Extensions has a well balanced portfolio of customers in terms of sales and sectors.  

The US has been a particularly successful market for Trade Extensions and since 2009 the revenue contributed by this market has grown by 70%.  It means almost half of Trade Extensions revenue is now generated in the US with the remainder coming from Europe. 

Another important factor in Trade Extensions continued growth is its strategy to increase the number of customers licensing its software and sales of annual and multi-year subscriptions is now almost 60%.  This represents a 100% increase since 2008 and key to achieving this strategy is Trade Extensions desire to provide intuitive software so customers can run simple and complex sourcing events themselves.

We had a great end to 2011 and our strong performance has continued into 2012 with some major customer wins already.  Smart companies now recognise how sourcing can be used strategically and our technology gives companies the tools to help them achieve their overall business goals.

Trade Extensions, CEO, Garry Mansell

Read more on the main Trade Extensions website - here.

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