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Revenue up 53% during 2013 

The impressive growth Trade Extensions has experienced over the last few years continues and during 2013 it increased revenue by 53%. New customers accounted for 25% of the company’s revenue and consistent growth means the company has doubled in size since 2008.  

Alongside new customers, Trade Extensions retained and developed existing clients with 40% of existing businesses increasing their spend by at least a half.  It means USD$1 billion of spend is allocated through Trade Extensions' TESS™  platform each week by some of the world’s leading companies and Trade Extensions, CEO, Garry Mansell said,

As companies see the benefits of using the platform they identify additional areas where it can be used and TESS™ is becoming intrinsic to their day-to-day operations.

2013 was also the year Trade Extensions handled its largest project to date – a €7 billion project sourcing all the elements involved in a constructing a large European gas pipeline.

Trade Extensions growth is set to continue during 2014 and the first quarter of this year is up 27% in terms of revenue compared with the same period in 2013.

The full news release can be read here.

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