Quadrem Grows Revenues More Than 60% for Second Straight Year

Quadrem Grows Revenues More Than 60% for Second Straight Year

February 28, 2006

Throughput Tops USD$7 Billion; Supplier Network Nearly Doubles to 25,000 Companies

    SINGAPORE, Feb. 28 /Xinhua-PRNewswire/ -- Quadrem, the
global eMarketplace(TM), achieved its first cash-flow
positive calendar year in 2005, growing revenues 60% over
2004 numbers.  This marks the second consecutive year the
company has achieved annual revenue increases at rates
above 60%. 

    Also in 2005, Quadrem customers processed more than 1.5
million purchase orders, a 30% year-over-year increase.  The
value of XML based procurement transactions through the
Quadrem network was up 78% reaching USD$7.2 billion, and
the supplier network nearly doubled its customer base to
more than 25,000 companies.

    "New customers and increased commitments from
current customers drive our success -- and both revenue
streams are tied to our track record of value
delivery," said Charles Jackson, Quadrem CEO. 
"In the areas of procurement and sourcing, we've
proven that we mitigate the risk and complexity of supply
chain e-initiatives.  We solve pain points associated with
content quality and supplier enablement to build successful
global deployments.  And we continue to develop effective
solutions that work globally -- our new solutions for
supplier account financing, spend analysis, master data
management and simple sourcing activities will dramatically
enhance our value to customers in 2006." 

    Quadrem is a uniquely global provider with large
electronic procurement and sourcing communities in Africa,
Australia, South America and The Middle East as well as
North America, Europe and Asia.

    "I'm pleased to point out that our growth
trajectories are strong across all product lines, regions
and customers," said Gary Ito, Quadrem CFO. 
"Every line of revenue is up, with strategic sourcing
and catalogue-related solutions leading the way.  Every
geographic region experienced double digit growth for the
year.  Our track record continues to attract new customers,
and several plan to increase the spend they put through our
transaction network to 90+%.  You can look for Quadrem to
continue its track record of aggressive growth in
2006."

    About Quadrem

    Quadrem ( http://www.quadrem.com ) provides e-business
solutions that connect buyers and suppliers to maximise
supply chain efficiencies. Established in 2000, Quadrem has
locations in Australia, Brazil, Canada, Chile, France,
Mexico, The Netherlands, Peru, Singapore, South Africa, and
the United States.  Quadrem's world headquarters is
Amsterdam, The Netherlands, with a Dallas, Texas operations
base.   

    For more information, please contact:

     Katherine Kirkpatrick
     Tel:   [phone]
     Email: [e-mail] 

     Choon Boon Heng 
     Tel:   [phone]

SOURCE  Quadrem