DALLAS, TEXAS - The global eMarketplace, QUADREM, increased profits in October, November and December of 2004, culminating in the growing company's first cash-flow positive quarter. Additionally in 2004, Quadrem revenues rose 70% over the previous year, and the company tripled its global customer base to include more than 13,000 companies.
Last year procurement organizations sent suppliers 1.2 million electronic purchase orders worth more than US$4 billion via Quadrem's eMarketplace. Purchase order throughput numbers for December were at a record high and if annualized would mean that more than US$7 billion could flow through Quadrem's eMarketplace in 2005.
"As our financial performance is proving, Quadrem's business model of providing value on a global basis to both buyers and suppliers is the right approach for making b2b profitable," said Quadrem CFO Gary Ito. "Others in the space have begun to shift and emulate our vision and model, which we've maintained since our launch in 2000. This is additional confirmation that Quadrem is a global leader and a successful growth company worth watching."
For more, visit www.quadrem.com. Quadrem has locations in Australia, Brazil, Canada, Chile, France, Mexico, The Netherlands, Peru, Singapore, South Africa, and the United States.
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