According to Statistic Brain, there is a 60% chance that we should have failed by now – may the odds be ever in our favour! As it happens, the last 12 months have been fantastic.
Here are some of the highlights:
This time last year we were delighted that our registered users had increased by 53%. Well, this year we’ve seen a further increase of 57%, showing no sign of slowing down. We’d also like to congratulate Daymark for becoming our 100th paying client, joining some other fantastic clients this year including:
We’ve also seen a 100% renewal rate on our annual clients, a testament to the value our software has brought them, giving us such a great foundation to grow from. We even have our first client, Hamworthy Combustion, still on our books since joining us when we were just a few months old!
Anyhow, bottom line, or should we say the top line, is that our revenues expanded by 53% compared to last year, exceeding our 50% target. But we’re not going to stop there. Our target for the next 12 months shall be 62.5% growth, which we think is realistic because….
Our expanding team
In the last 6 months, we’ve brought in Lewis, Pete and Craig to bolster the sales and marketing team. For reference in the photos, purple shirts are not our corporate uniform, must be a millennial thing!
We’re not stopping there either, as we’re currently advertising two further roles, one in sales development and the other in software development.
This summer we’ve had the enjoyable view of watching our new premises being built across the road from our current office. It’s nearly double the size and will give us room to grow for at least the next 12 months. Here’s how it looks today, taken on a classic British summer’s day!
Lastly, our year of success wouldn’t be complete without some amazing progress across our product offerings. This year we’ve announced 8 major releases, plus countless minor enhancements.
We even managed to launch a whole new module, SIM Dojo, developed in collaboration with PHS Group, who simply could not find an intuitive, self-service and affordable supplier information management solution on the market.
We also released the multi-currency feature to let participants bid in their preferred currencies, yet keep the bid comparisons in the currency of choice for the client.
And finally, another highlight was the MBA student project where we released our initial Analytics tool to be able to assess your eSourcing efforts at a high level across your company. We’ve seen some hugely impressive statistics as well, with some clients averaging over 50% saving across more than 1000 spot eAuctions – more on that to follow!
So, in summary, it has been a great year but really, the journey is still just beginning. Thanks again to all our wonderful clients and partners, look forward to more to come.
Market Dojo helps procurement professionals negotiate better with our on-demand eSourcing tools. If you’d like to find out more, get in touch or register for free and play around with our software for yourself!
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