21st Jul 2015 08:32
LONDON (Alliance News) - Blur Group PLC said Tuesday it has seen a 30% increase in buyers and service providers using its online marketplace for business services in the first half of 2015, as it continued its focus on what it calls 'enterprise' customers.
Blur defines enterprise customers as medium and large organisations with 50 or more employees.
At the end of the first half of 2015, it had 65,000 buyers and service providers using the marketplace, compared to 50,000 at the end of 2014. Projects listed from enterprise buyers also increased by 20% in the first half compared to December 2014.
Over 700 new enterprise service providers joined Blur's platform in the second quarter, making up 10% of all new service providers.
New customers using its enterprise services platform included Unilever PLC, Home Retail Group PLC and the University of Greenwich.
The company is introduce new products and subscription plans, which it said will grow its gross margin. In the third quarter it will launch a new stand alone subscription based product called Blur Data, which will provide information on business services trends and market pricing information.
"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," said Chief Executive Officer Philip Letts in a statement.
Shares in Blur Group are trading up 3.5% at 25.35 pence Tuesday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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