Provider also gains new customers; sees growth in revenue, bookings and average contract length
Atlanta — March 8, 2005 — Procuri, which offer on-demand strategic sourcing solutions to its customers, this week is touting its growth levels for 2004.
Procuri's long-term recurring revenue (annualized revenue run rate) grew by 65 percent, and the company experienced a record 130 percent increase in total bookings, or the value of all contracts signed, in 2004.
Procuri also said it has increased its customer base with the addition of 46 new long-term subscription customers and 35 contract renewals. With the addition of such companies as Acuity Brands Inc., Cadbury Schweppes, Cox Enterprises Inc., The Hearst Corp., National Semiconductor Corp., The New York Times Co., and Sonoco Products Co. the provider's customer base now includes over 150 companies.
In addition to its customer increase and financial success Procuri said that last year it launched its Procuri Empower conference, featuring speakers from companies like AberdeenGroup, AMR Research, Bank of America and Newell Rubbermaid.
Additionally, the company achieved Silver Alliance partner status with SAS Institute, was honored as a a leading supply and demand chain vendor by Supply & Demand Chain Executive's yearly "Executive 100" list, and authored "Driving Business Performance with Strategic Sourcing: A roadmap to saving significant time and money through 'best value' strategic sourcing within the next few weeks — not months or years from now."