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Q1 2014 Metrics Update

17th Apr 2014 07:01

RNS Number : 0308F
Blur Group PLC
17 April 2014
 

 

April 17, 2014

RNS

blur (Group) plc

Q1, 2014 Metrics Update

 

blur (Group) Plc (BLUR), the technology company that's reinventing commerce1 at blurgroup.com, continued to make significant progress in Q1 2014 with high growth in the volume of submitted projects and average project values, greater penetration into global markets, and a broadening of services covered through the platform.

 

blur started 2014 with 52% of projects in the quarter coming from North America, the world's largest business services market. In addition, briefs submitted from Asia Pacific now account for over 12% of all projects through the platform. Significantly, more than half (58%) of projects were briefed to professional services outside of the Marketing category, proving the business model has viability and relevance across the services spectrum.

 

Philip Letts, CEO blur Group commented on the outstanding quarter: 

"Our project values are ahead of plan and we have taken on our largest ever project worth $15m from our legal category. With the launch of blur 4.0, the latest version of our platform, we can now cater directly to an enterprise audience with more sophisticated project needs."

 

Metrics

Q1 2012

Q1 2013

Q1 2014

Projects submitted in the quarter

129

359

1,031

Value of projects submitted in the qtr.

$1.36m

$3.89m

$73.7m

Average submitted project value

$10,500

$10,840

$71,500

Projects kicked off in the quarter

31

110

210

Total experts

14,318

25,310

38,175

 

Q1 2014 Project Highlights

$15m legal project (briefed in 2013) reached its second roll-out phase this quarter as more projects, involving multiple service providers and teams of collaborators across multiple categories in several regions, kicked off

$1.8m project submitted comprising multiple marketing elements to run throughout 2014 for a company launching lottery games in MINT economies

Momentive, a world leader in speciality chemicals and materials, submitted 11 projects during Q1, 2014 bringing its total number of projects submitted to blur Group's platform to 79

Over 30% of projects kicked off in the quarter were from repeat customers, including several who have briefed more than 5 projects including Octopus Investments, Mipineye, Danone, Book Your Crew, Swift Judgment and Broadridge

 

Q1 2014 blur Group Development Highlights

blur 4.0: A new responsive, adaptive core architecture (now live at blurgroup.com) designed to improve conversion rates and enhance user experience across any browser or device

Partnership program now delivering projects across Asia Pacific with Alibaba. Over 700 affiliates from blur Group's global partner network now promote the Global Services Exchange

Two new Exchange categories added: Video and Human Resources

Key appointments and promotions strengthen the global management team (headcount currently 82)

 

ENDS

 

Notes: Quarterly metrics 2012 - 2014:

blur qtrly metrics

Q1 2012

Q2 2012

Q3 2012

Q4 2012

Q1 2013

Q2 2013

Q3 2013

Q4

2013

Q1 2014

Projects submitted

129

182

215

250

359

410

598

719

1,031

Value of projects submitted

$1.36m

$1.98m

$2.90m

$4.01m

$3.89m

$9.41m

$17.3m

$64.52m

$73.7m

Average submitted project value

$10,500

$10,900

$13,500

$16,050

$10,840

$22,943

$28,800

$89,700

$71,500

Projects kicked off

31

53

68

89

110

129

160

180

210

Total experts

14,318

19,856

22,500

23,275

25,310

28,144

31,061

34,109

38,175

 

For further information please contact:

blur (Group) plc

Ruth Speakman

 

Tel: +44 7795 011678

[email protected]

N+1 Singer

Shaun Dobson / Matt Thomas

Tel: +44 (0) 20 7496 3000

 

 

Panmure Gordon (Joint Broker)

 

Dominic Morley / Charles Leigh Pemberton

Tel: +44 (0) 20 7886 2500

 

 

Newgate Threadneedle

Caroline Forde / Josh Royston/ Hilary Millar

Tel: +44 (0) 20 7653 9850

 

About blur (Group) plc at blurgroup.com

blur Group is a public technology company (BLUR: LSE AIM) reinventing how businesses around the word do commerce at blurgroup.com. blur's Global Services Exchange is a proprietary services--commerce (s-commerce) platform that enables 45,000+ business users in 145 countries (as of April 2014) to buy, sell and deliver core business services and take advantage of Software as a Transaction™ to pay for those projects.

 


1 blur Group offers a cloud-based platform where buyers can submit briefs for a full range of professional and business services to a worldwide group of experts

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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