Blur Group plc is up 20.41% this morning after a trading update for the second quarter. The Group has seen a 30% increase in Buyers and Service Providers, and the number of projects listed on their platform increased by 20% in 2015 compared to 2014.
Growth in enterprise buyers using the platform, service providers joining the marketplace, expansion of premium services to grow gross margin. To this end, the company reports that over 700 new Enterprise Service Providers joined blur’s Platform in Q2 – 10% of all new Service Providers. The leading marketing agency Ogilvy, the USA’s largest employment related law firm Littler Mendelson, a USA cloud contact centre named Five9, and engineering consultancy Mott MacDonald, were amongst those who joined blur’s marketplace. In the third quarter, the company will launch blur Data, a unique stand alone subscription based intelligence product developed by blur Group that enables organisations to gain invaluable insight into global business services trends and market pricing information.
Philip Letts, blur Group CEO commented:
“The Platform is attracting more Enterprise level Buyers and Service Providers than before. Whilst our transition to the Enterprise became more evident in 2014, we have seen increasing momentum in H1 2015 in both the USA and Europe. Added to this, with the introduction of our Premium Services in early 2015, the new Buyer and Service Provider subscriptions in Q2, and soon, blur Data in Q3, we are driving up our gross margin. Our Platform is, more than ever, ready to service the business needs of the larger Enterprise organisation. We are focused on our goal of having hundreds of large Enterprise customers broadly adopting the platform serviced by an increasing number of Enterprise suppliers.”
Blue Group operates the the world’s leading Enterprise Services Platform and Marketplace.