This project has huge significance for blur Group and for the growth of s-commerce.
blur Group plc (BLUR), the s-commerce company, has kicked off the next phase of a legal project with gross revenue value of $15 million.
This is the latest and largest high-value project submitted to the Exchange. Since the threshold for newly submitted projects rose to $5m+ in August 2013 there has been an increasing number of projects of significant scale, endorsing the adoption of s-commerce for high-end, complex service delivery.
The customer is using the Exchange as the foundation for their sourcing strategy to multiple services categories and experts. The complex scope and strategy of the project reinforces the unique ability of blur Group’s s-commerce model to manage and deliver large projects over longer durations. In this instance the scoping and pitching stages involved a range of service providers who then carry forward through project planning and kick-off. The project was originally submitted in 2013 and multiple delivery milestones have been identified as part of this process, with blur Group recognizing revenue at these points through the lifecycle.
Philip Letts, blur Group CEO, said,
“This project has huge significance for blur Group and for the growth of s-commerce. Our success centres around our pioneering s-commerce technology and the size and complexity of this project further endorses the enterprise strength of the platform. There’s almost no limit to the size or scale of projects we can take on.”
For further information please contact:
blur Group plc
David Scott - Head of IR
Tel: +44 (0) 1392 927 827
Mob +44 (0) 7795 011 678
Shaun Dobson / Matt Thomas
Tel: +44 (0) 20 7496 3000
Panmure Gordon (Joint Broker)
Tel: +44 (0) 20 7886 2500
Dominic Morley / Charles Leigh Pemberton
Caroline Forde / Josh Royston/ Hilary Millar
Tel: +44 (0) 20 7653 9850
About blur Group plc at blurgroup.com
blur Group is a technology company reinventing how businesses do commerce at blurgroup.com. Its Global Services Exchange uses blur's proprietary s-commerce platform to enable 40,000+ business users in 145 countries to buy, sell and deliver core business services and take advantage of Software as a Transaction™ to pay for these projects.
blur Group (BLUR) is a public company headquartered in the UK with offices in the US and Europe. It is listed on the London Stock Exchange’s AIM market. blur was founded in January 2006 and launched in alpha in 2007 with the full, formal launch of the Global Services Exchange in January 2010. At that time, just over three projects per month were submitted. Now, nearly 200 projects start on the exchange each month. Customers include Danone, Broadridge, Coral, Exceed, HCA, Momentive, Red Commerce, the Financial Times, Berlitz, Butlins, GE Healthcare and Tyco. Over the same time, average project value has grown from approximately $1,500 in 2010 to $89,000 in Q4 2013.
Today, over 4,300 projects have been submitted with a combined value of above $172 million. These have come from the US, UK, Europe, Africa and Asia with over 37,000 expert service providers on eight exchanges responding to them.
This press release was distributed by ResponseSource Press Release Wire on behalf of Blur Group in the following categories: Consumer Technology, Business & Finance, Media & Marketing, for more information visit https://pressreleasewire.responsesource.com/about.