DALLAS, TEXAS QUADREM, the global mining e-marketplace, achieved operating profitability ahead of schedule in October, setting the tone for a strong fourth quarter. Year-to-date revenues are 43% higher than in October 2003.
The company has already met its e-marketplace transaction volume and throughput goals for the year and has revised projections upward 35%. Quadrem’s transaction volume is on track to reach 1.2 million independent purchase orders worth USD$3.5 billion in goods and services by year-end. Additionally, Quadrem’s supplier community continues growing rapidly, more than tripling in the last 12 months to 12,000 global suppliers, the majority of which are transacting with multiple buyer members.
Quadrem (www.quadrem.com) provides e-business solutions that connect buyers and suppliers to maximize supply chain efficiencies. Quadrem’s global transaction platform, vibrant international trading community and high-quality content services enable customers to implement the most effective e-business initiatives for buyers and suppliers. Established in 2000, Quadrem has locations in Canada, Australia, Brazil, Chile, France, Mexico, The Netherlands, Peru, Singapore, South Africa, and the United States.