PARIS and AMSTERDAM, Netherlands, November 12 /PRNewswire/ --
Quadrem International 2007 revenues are up 23% year-over-year at the close of the third quarter. More than 5.5 million electronic business documents have flowed through the procurement platform so far in calendar year 2007, supporting 2.0 million purchase orders (POs) worth USD $12.4 billion in goods and services.
The company is on track to process more than 2.5 million POs worth more than USD $16 billion by year-end. Quadrem's procurement network connects more than 1,100 buyer locations worldwide and over 55,000 suppliers, with strong representation in the MRO, complex services and general indirect categories.
Charles Jackson, Quadrem's CEO commented:
"Global demand for Quadrem's procurement and sourcing services continues to increase significantly in terms of both volume and revenue. Buyers and suppliers throughout the world are meeting schedule, budget, productivity, and other strategic goals through the use of our procurement and supply chain systems, and their positive experience is reflected in our consistent quarterly growth."
Gary Ito, Quadrem's CFO also added:
"Our net income positive trend continued for a third consecutive quarter, and we remain on track for a full year of positive net income. Quadrem continues to be a well balanced supply chain solutions business, and we expect all regions to contribute and deliver positive revenue growth in the coming year."
The Company was featured in a Wall Street Journal Asia article, "Digital deliverance -- Asia's technology conundrum." Quadrem and its members are global leaders in bringing small and mid-size suppliers into electronic commerce, even though large numbers of the vendors in developing countries are new to using computers and the Internet.
Quadrem (http://www.quadrem.com) provides procurement and sourcing solutions that connect buyers and suppliers to maximise supply chain efficiencies. Quadrem's global transaction platform, vibrant international trading community and high-quality MRO data management services enable customers to implement the most effective e-business initiatives for buyers and suppliers. Established in 2000, Quadrem has locations in Australia, Brazil, Canada, Chile, France, Korea, Mexico, The Netherlands, Peru, Saudi Arabia, Singapore, South Africa, the United Arab Emirates and the United States.
Web site: http://www.quadrem.com