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With outstanding growth unveiled in its annual results, Birmingham's leading technology services provider, Probrand, has started the year with a record month, clocking over £250k of new business and repeat sales topping £400k in January through its on-line IT procurement hub, The IT Index.

The IT Index recorded 147% growth during 2004 with a turnover of £4.45M, and given its current record monthly high looks set to hit in the region of £10M during 2005 at its current rate of business. The IT Index currently accounts for nearly 40% of all Probrand's sales.

The IT Index, which is believed to be Europe's largest IT procurement portal, daily lists over 55,000 IT product lines from 500 manufacturers by best price and availability within a secure on-line Private Procurement Hub.

Procurement professionals and Financial Directors alike have been switching onto the enhanced financial control and bottom line savings associated with the solution according to Probrand Managing Director, Peter Robbins:

"The solution increases business efficiency, saving an average of one day a week in procurement man hours as well as offering greater spend visibility for financial controllers looking to stamp out rogue purchasing. It is this, combined with the solution's ability to get users to the best priced product faster than anything in the marketplace, that is turning customers on to The IT Index.

"The IT Index remains a successful strategic growth tool for Probrand and the combination of an average of two new customers signed up a day and considerable repeat business, proves the technology is doing its job for users. We hope this will continue to spur our growth in what it still a relatively flat IT sector where replacement cycles continue to lengthen.

"On the back of our success we have invested in an additional 12,000sq ft of office and distribution space whilst maintaining our recruitment drive looking for e-procurement professionals."

The IT Index has more than quadrupled in size since it's launch in 2002.

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NOTES TO EDITORS:
 Established in 1992, Probrand is a major supplier of top branded computer products - ranging from a floppy disk to a fully implemented network. Located in the heart of Birmingham, and employing more than 50 people, Probrand is a multi million pound corporation servicing a wide range of business customers throughout the UK.

 The IT Index is an online trading hub and gathers prices and stock availability for more than 100,000 product lines from more than 500 manufacturers and conducts price and availability comparisons on a daily basis. The IT Index system then presents the most competitive price with stock availability on a customer's Private Procurement Hub. This gives Probrand's customers who are signed up to The IT Index a bespoke catalogue of the IT products they use.

For further information please contact:
Matt Royle, Iain Hastie or Brian Johnson
Powell Communications, 0161 834 9836

This press release was distributed by ResponseSource Press Release Wire on behalf of Powell Communications in the following categories: Business & Finance, Computing & Telecoms, for more information visit https://pressreleasewire.responsesource.com/about.