PROBRANDS ONLINE IT PROCUREMENT HUB SIGNS ANOTHER FIVE TO BECOME EUROPES LARGEST

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Birmingham based Probrand has signed five more distributors to its on-line IT procurement hub, The IT Index, to cement its position as guaranteeing the best price and availability on IT products in the UK.

And the company is expecting this latest news to spur further growth as IT managers and financial directors alike turn on to the bottom line savings ssociated with the more efficient purchasing process this innovative solution provides.

The IT Index, daily lists over 75,000 IT product lines from 500 manufacturers by best price and availability in a secure on-line Private Procurement Hub, saving sourcing time and money. Now, with five additional distributors on board, the solution provides price and availability information on all IT productsa cross the UKs core IT distribution network.

This latest news comes on the back of The IT Indexs best month yet, topping 1M turnover as Probrands unfaultering growth saw impressive interim results post a combined turnover of 8.5M, up 24% year-on-year.

The IT Index is now the largest on-line IT catalogue and purchasing portal in Europe, according to Group Head of New Business Development, Steve Bushell:" Having signed five more distributors, any IT product in the UKs core distribution network will be listed on The IT Index. This means users get peace of mind knowing that they are getting the very best price on any given ITp roduct available in the UK, provided to them within one user friendly application.

"This translates into getting the best priced products to the end user in the fastest possible time in the UK.

"The solution increases business efficiency, saving an average of one day a week in procurement man hours as well as offering greater spend visibility for financial controllers looking to reduce rogue purchasing. This is why procurement professionals, IT managers and financial directors continue tos witch on to the bottom line benefits the solution offers."

"The IT Index remains a successful strategic growth tool for Probrand against a back drop of a relatively flat IT sector. With 147% growth posted for thes olution in 2004, we have high hopes that it will continue to push our business forward as we develop other innovative on-line propositions that are powered by the same tried and tested technology that drives The IT Index."

The IT Index was the first solution of its type to be accredited by the Institute of Chartered Accountants and has more than quadrupled in size since it's launch in 2002.

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