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26% growth in 2014

2014 turned out to be another good year for Trade Extensions with the company continuing its sustainable and profitable growth.  During the year, revenue grew by 26% meaning the company has doubled in size in the last three years. 

Trade Extensions business continues to be driven by complex sourcing and optimisation events for large corporations with the most common categories being logistics, MRO, packaging and labour.

Trade Extensions, CEO, Garry Mansell said,

The complexity in large corporations' purchasing and supply chains mean they are well placed to benefit from using our eSourcing and optimisation platform - TESS.  And as we retain our customers they are not only using TESS in repeatable mainstream purchasing but are finding new areas of their business in which to deploy the technology.

In addition to the appointment of a permanent US Sales Director during 2014, another significant development was the launch of the TESS Academy.  The Academy is Trade Extensions virtual training institution and provides a clear pathway from novice to expert and the opportunity to become TESS Certified.   

Mansell said,

The TESS Academy is another part of our strategy to make our users as self sufficient as they want to be - even with complex optimisation challenges.  

The company is continuing to recruit in line with customers' requirements. Having already appointed a dedicated market director for the UK, one for Germany and the Eastern European region will join in May 2015.   These two key European appointments are expected to significantly drive growth of the business during the year.   

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