2007'02.01.Thu
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: +1-972-543-8044 Email: kkirkpatrick@quadrem.com Choon Boon Heng Tel: +65-6550-9683 SOURCE Quadrem
PR
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