Probrand, the Birmingham based technology services provider, has continued its impressive growth through Q2 to reveal record breaking interims topping over 8.5M combined turnover, up 24% year-on-year.
And this follows a record breaking 1M turnover month for the company's innovative on-line IT procurement hub, The IT Index, which continues to drive the business forward and now accounts for 85% of sales. Probrand's traditional telesales IT division also developed over the same period.
Meanwhile, the companys IT services and support arm, Icomm Technologies - dubbed Deloitte Fast 50 'Rising Star' - has clocked up a series of new accounts to grow by nearly 10% in the first half year-on-year after an aggressive start to 2005.
As Probrand continues to break records, its latest interim results qualify that the company is still managing to grow contrary to a flat IT market. Much of its success is down to its innovative fully automated business model, The IT Index, which daily lists over 60,000+ product lines from 500 manufacturers by best price and availability within a secure on-line environment. The solution is the first e-procurement solution in the UK to be accredited by the Institute of Chartered Accountants for England & Wales.
With a unique strategic alliance in place with global business information provider, informaDATA, its procurement best practice campaign to financialp ractitioners and a glowing report from research firm, the Butler Group, Probrand looks set to step up its growth during the second half of the year.
Probrand Managing Director and technology entrepreneur, Peter Robbins,c onfirms that its on-line solutions are a real growth area for the business: "To take our business forward we have always maintained an innovative and dynamic approach. It is the success of this approach that led us to develop and offer a solution that takes the pain out of IT procurement, providing substantial bottom line savings and ingenious financial controls with The IT Index.
"Additionally, we have more on-line propositions that we are developing to take the business into other markets.
"As organisations continue to refine their overhead spend, financial directors and procurement professionals are constantly on the look out fors trategies to help facilitate business efficiency. We aim to meet this need at every turn.
"With considerable organic growth within our team and the development of new solutions for a growing market we are looking good to hit our end of year forecasts."