blur Group is a technology company reinventing how businesses do commerce at blurgroup.com. Its Global Services Exchange delivers services differently: a new way to buy, manage and pay for core services. As of July 2013, more than 30,000 businesses in 141 countries have adopted this s-commerce platform and changed the way they work. 100 projects per month from companies like Broadridge, Coral, Exceed, HCA, Momentive, Red Commerce, the Financial Times, Berlitz, Butlins, GE Healthcare and Tyco are received. Over the same time, average brief value has grown from around US$1,500 in 2010 to US$10,800 in the first quarter of 2013. By mid-2013, more than 2,200 projects had been submitted with a combined value of over US$35 million. These have come from the US, UK, Europe, Africa and Asia with over 28,000 expert service providers on eight exchanges responding to them


http://blurgroup.com/

Q4 Metrics Update

RNS


RNS Number : 1305X

blur (Group) plc

08 January 2014


http://www.moneyam.com/action/news/showArticle?id=4735384

UPDATE - blur Group rounds off 2013 with record breaking quarter

By Giles Gwinnett

January 08 2014, 10:55am
The value of projects submitted in the three months saw an eye-watering 1,509% increase year-on-year growth to US$64.52 million. compared to US$4.01 mln in Q4 2012
The value of projects submitted in the three months saw an eye-watering 1,509% increase year-on-year growth to US$64.52 million. compared to US$4.01 mln in Q4 2012


---ADDS BROKER COMMENT AND SHARE PRICE---

Crowd-sourcing specialist blur Group (LON:BLUR) told investors it finished 2013 - its most successful year to date - with a record breaking fourth quarter.

Increasing numbers of projects and their values submitted to its Global Services Exchange underlines the view that more firms around the world are recognising blur's s-commerce, or services commerce model, it said in Wednesday's update.

The value of projects submitted in the three months saw an eye-watering 1,509% increase year-on-year growth to US$64.52 million. compared to US$4.01 mln in Q4 2012.

The number of projects entered into the exchange during the quarter was 719 - a 188% increase on the 250 in Q4 2012, while the overall value of projects submitted so far for the company stands at US$115.3 million.

Philip Letts, chief executive of blur, said: "We've described 2013 as the year of s-commerce adoption.

"This quarter not only confirmed that s-commerce is changing business globally, particularly evidenced by growing project submissions from Asia Pacific, but also showed how high-value, long term projects with staged delivery cycles provide visibility of Exchange use and uptake through 2014.

"This quarter saw us build the organisational infrastructure to shape our business for the next three years, allowing us to grow and scale globally.

"Building on the exceptional growth in s-commerce adoption 2013, 2014 will see a focus on enterprise s-commerce and mobile s-commerce accelerating the uptake globally."

N+1 Singer noted there was a rising number of projects from India, Australia and New Zealand, which supported the group's move to open its Asia Pacific office later this year.

"North America remains the largest market accounting for 47% of projects submitted, followed by Europe (31%), with India accounting for 15%. Whilst the largest number of projects was for marketing services, technology services continues to be the fastest growing vertical, accounting for over 20% of submitted projects," said analyst Tintin Stormont.

Last year was a "tipping point" in the adoption of s-commerce, which began in the second quarter, when there was an increased number of high-value, long-term projects submitted, notes Stormont.

"This helps build a pipeline with stronger revenue visibility, especially from companies like Regus, Danone, GE, NetworkRail, and Topman who have a greater propensity to repeat."

Blur shares gained 2.44% after today's news to trade at 588p.

Good update. But as the old boy in Tesco used to say ' What's the profit lad'? Its like a lot of people muddle profit and turnover. :-)) Non of the above means a thing, until figures are produced with a good profit to match the good word above. Watching closely . As long as the sp climbs I'm happy.

but when the little boy points his finger at the emperor with no clothes what will happen to the sp?

blur Group anticipates further growth after 1,509% rise in 2013 revenue

By Jeremy Naylor

January 08 2014, 3:52pm



Philip Letts, CEO of blur Group (LON:BLUR) tells Proactiveinvestors that after an 'exceptional' year the company is well placed to benefit from the continued interest in the network exchange. Philip also says that the trend in rising project values are also expected to continue and this will also help drive growth this year




http://www.proactiveinvestors.co.uk/companies/stocktube/2454/blur-group-anticipates-further-growth-after-1509-rise-in-2013-revenue--2454.html

If I get this right : this is a sort of confused.com/money supermarket sort of thingy thing.....and it seems they have the niche all to themselves....wished I'd kept the few I had earlier...

Welcome back rf :-))

How it works



A simple 4-step process

The Global Services Exchange delivers business and creative services at the touch of a button – fast, streamlined and efficient with its s-commerce platform. Four simple steps take you from briefing through to project delivery, opening up access to the world’s best service providers.

1. Brief

Tell us your project requirements using our online brief app. This is your description of your requirement. It’s where you set your budget and your deadlines so that we can get the process going.

2. Pitch

We’ll shortlist the top pitches from global expert service providers for you to review from your account. Every expert on the Exchange is already vetted, so we can guarantee that every pitch that makes it to the final selection process is exactly what you require – and more.
Look at our style guide for tips and examples of what makes a successful pitch

3. Project

Select the pitch and kick off the project in your dedicated online project space. This begins your direct collaboration with your chosen experts, and every part of the project can be viewed, edited and scheduled from your online account.


4. Delivery

The project runs on the Exchange through to final delivery and payment. During the process you work with Exchange Support, check the progress of the project and its delivery and rate and review your providers.

Thanks Dreamcatcher.....one to monitor...would like to buy some back but the sp is a little scary....

Edison today - While healthy progress was expected, Q4 KPIs were eye-wateringly strong
with the value of projects submitted growing 1,508% year-on-year.
Evidence that the network effect is taking hold is starting to build, raising
the possibility of blur delivering incremental growth. The company will
continue investing to drive home its first-mover advantage, but top-line
estimates for 2014 onwards look conservative. We will review our
forecasts at the time of the full-year trading update on 22 January.

$134,720,460

value of projects submitted

submitted? awarded? profit?

hali - i don't know what BLUR actually do, and have almost taken WAND on trust, though i have an inkling there ...... on the other hand, similar aspersion were cast at BLNX, and though it took a while to become genuinely profitable, it now is, and the shares continue to track north (unlike TLW!)

cynic didn't you once say one should never buy shares in a company if you didn't understand what that company did?

i hope not :-)

cynic memory loss is the first sign of........

Q&A: Plenty of scope for continued explosive growth at blur Group

By John Harrington

January 10 2014, 10:19am
'We’ll be launching blur 4.0, and that will be transformational, even over blur 3.0, which was really, clearly, a great development for us,' said blur boss, Philip Letts
"We’ll be launching blur 4.0, and that will be transformational, even over blur 3.0, which was really, clearly, a great development for us," said blur boss, Philip Letts


Blur Group (LON:BLUR), the crowdsourcing specialist, has just seen shares rise to an all-time high, after the company rounded off 2013 with a record-breaking quarter.

Jeremy Naylor recently spoke to Philip Letts, blur’s chief executive, to review the firm’s many achievements in 2013.

Jeremy Naylor: This time last year, shares were 80 pence; they are now at 588. Explain a bit about what’s been happening.

Philip Letts: Blur Group’s had another strong year, and we’ve delivered on all of our key metrics. We obviously had very strong quarter-on-quarter growth; we had very strong growth year-on-year as well. We launched blur 3.0, which was our annual dot release for the platform, and that was extremely well received. We now have approaching 40,000 business users on the exchange.

I think s-commerce [services-commerce] is generally getting more and more accepted by small, medium and large businesses throughout the world. Our largest market, the US, has strengthened through the year; obviously the economy is doing extremely well. Europe, as our second market, is doing very nicely, and we’ve seen a really rapid growth of our newest market, which is the Asia Pacific region, through 2013; the second half in particular.

I think, like with most businesses, a good result from a share price perspective is really just a reflection of the performance of the business, and we’re very pleased with how we’ve done.

Jeremy: You talk about strong growth so it is worth highlighting the actual number, which was 1509% year-on-year growth in submitted project values. Now, are projects expected to continue to grow at this sort of run rate this year?

Philip: Yes, I mean I think for any business, if you see a 1500%+ growth in any of your core metrics, then that’s exceptional. Clearly we’re seeing network effects really drive, and the hockey stick is coming though.

That number reflects the total value of submitted projects in Q4 alone, over the year prior, and it stood at US$64 million worth of projects submitted in that quarter. Now, if you annualise that, just at a flat rate, if you annualise the US$64 million, that’s US$250 million worth of projects on an annual basis coming onto the platform, which is [for] a US$2 trillion+ industry - the services industry worldwide - that we cover. It’s still a rounding error, but it’s a very relevant rounding error, and one we can grow from strongly.

Jeremy: Project values have been growing as well. Explain a bit more about this.

Philip: Blur 3.0 was designed to be able to drive us from the SME [small to medium enterprises] sector into the early corporate sector, and we’ve absolutely seen the benefits of that. We’re now seeing larger customers giving us larger projects.

We’ve continued to increase the cap on the project value that you can submit automatically onto the exchange. Right up to now, we take anything from US$1000 services projects right up to US$5 million projects, and that’s worked very well, and all the support people, our customer care functions, I think they’ve been doing a really good job of helping usher larger projects and customers through the process, and we expect that trend to continue through 2014.

Jeremy: What are your key goals, then, for 2014?

Philip: The three core goals, really, our end, and they’ll probably be the same three core goals for many years... First and foremost, is to deliver on all of our core metrics and our financial targets; that’s what allows us to do everything else. We’ve always been very focused on that and we always will be very focused on that.

Then, secondly, is continued innovation. We’ll be launching blur 4.0, and that will be transformational, even over blur 3.0, which was really, clearly, a great development for us.

We’ll see s-commerce go deeper into the enterprise and enterprise extensions. We’ll see ourselves increasingly drive through mobile s-commerce. Then, last and by no means least, the key goal is to keep developing our people, growing our talent and developing our ecosystem, and that’s what we’ll focus on.

The more I read all through all this : the more puzzled I am as to what do they actually do?...Hey !...they have launched 3.0 !...they are now launching blur 4.0...going universal ?...or a day in the country ? (Exeter headquarters)...

It was mentioned by Blur, last year some time that Blur 4.0 will be launched this Summer i believe! They do put out there this forthcoming stuff for us to read!!!

Wouldn't the yellow pages do the same job ?