Quadrem Q1 2006 Revenues 41 Higher Than in Q1 2005
Quadrem
Quadrem Q1 2006 Revenues 41 Higher Than in Q1 2005
AMSTERDAM, Netherlands and PARIS, April 26 /PRNewswire/ --
- Supplier Network Increases Community Membership 81 to 26,500 Companies, 2006 Order
Throughput on Track to Exceed US$12 Billion
Quadrem's first quarter 2006 revenues grew 41 year-over-year, a continuation of the
company's explosive year-over-year revenue increases which exceeded 60 in both 2004 and
2005. Additionally, Quadrem increased its supplier network 81 over Q1 2005 to more than
26,500 companies. Order throughput value reached a record US$1.1 Billion in March,
bringing the Q1 totals to 490,000 purchase orders worth approximately US$3 Billion.
"Quadrem's success stems from our commitment to expanding value delivery to our
customers and shareholders," said Quadrem CEO Charles Jackson. "We continue to develop
the acumen necessary to solve customer pain points and have established a solid track
record for successful global supply chain initiatives. We're capitalizing on this
experience as we roll out new solutions and expand our geographic footprint to lower
supply chain costs for our growing global customer base."
"Quadrem is off to a great start this year," said CFO Gary Ito. "We've set aggressive
goals for the company, and performance is in line with the company's strong growth
expectations."
Quadrem's 2006 results build on a trend of rapid growth. The supplier network has
charted community growth of 96 to 233 year-over year since its inception.
About Quadrem
Quadrem (www.quadrem.com ) provides business solutions that connect buyers and
suppliers to maximize supply chain efficiencies. Quadrem's global transaction platform,
vibrant international trading community and high-quality content services enable
customers to implement the most effective supply chain 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: www.quadrem.com