International supplier network Quadrem International says its 2006 revenues were up 18% year-over-year, propelling the private firm to new levels of profitability.
“New customer wins in oil and gas and mining and metals have yielded our strong performance in 2006 and positioned us for growth in 2007,” said Quadrem CEO Charles Jackson, in a release. “We are the only provider delivering a consistent level of service worldwide, including in the developing world.”
More than US$13.6 billion in transactions were conducted on the procurement platform in 2006. Quadrem conducts more than 20,000 transactions per month by linking buyers with about 47,000 suppliers in roughly 700 locations throughout the world.
Quadrem says several of its customers plan to source all of their goods through the Quadrem network inside 1.5 years.
In 2007, Quadrem plans to expand its presence in Africa including Ghana, Zambia, Namibia and the Democratic Republic of the Congo.
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