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/

Result of Open Offer

RNS


RNS Number : 2077J

Blur Group PLC

10 June 2014






THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL.



THIS ANNOUNCEMENT DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER OR INVITATION TO SELL OR ISSUE, OR ANY SOLICITATION OF ANY OFFER TO PURCHASE OR SUBSCRIBE FOR, ANY NEW ORDINARY SHARES, NOR SHALL IT (OR ANY PART OF IT), OR THE FACT OF ITS DISTRIBUTION, FORM THE BASIS OF, OR BE RELIED ON IN CONNECTION WITH OR ACT AS ANY INDUCEMENT TO ENTER INTO, ANY CONTRACT OR COMMITMENT WHATSOEVER WITH RESPECT TO THE PROPOSED PLACING AND OPEN OFFER OR OTHERWISE.



blur Group Plc

("blur Group" or the "Company")



Result of Open Offer



On 23 May 2014 blur Group plc (AIM:BLUR), operator of the business services marketplace at blurgroup.com, announced that it had conditionally raised approximately $20.0 million (£11.9 million) (before expenses) through the issue of 15,873,015 new Ordinary Shares by way of a placing at a price of 75 pence per new Ordinary Share ("Placing") and up to a further $2.0 million (£1.2 million) through the issue of up to 1,587,314 new Ordinary Shares by way of an open offer to qualifying shareholders on the basis of 3 open offer shares for every 56 existing ordinary shares, at a price of 75 pence per new Ordinary Share ("Open Offer").

The Company is pleased to announce the result of the Open Offer which closed for acceptances at 12.00 p.m. on 9 June 2014. Valid acceptances including excess applications have been received in respect of 2,645,506 Open Offer Shares, representing a total of approximately 166.7 per cent. of those Open Offer Shares available under the Open Offer and as such the Open Offer has been oversubscribed.

All valid applications in respect of basic entitlements under the Open Offer have been met in full and a scaling back exercise on a pro rata basis to existing holdings has been undertaken in respect of applications for Excess Shares. The Company has therefore raised gross proceeds of $2.0 million (£1.2 million) through the Open Offer and $22.0 million (£13.1 million) in total.

The Placing and Open Offer remain conditional on, inter alia, the passing of the Resolutions at the General Meeting to be held at 12.00 p.m. on 10 June 2014 at the offices of blur Group plc, Eagle House, 1 Babbage Way, Exeter Science Park, Clyst Honiton, Exeter, Devon EX5 2FN.



This announcement should be read in conjunction with the full text of the circular dated 23 May 2014, published in connection with the Placing and Open Offer and defined terms used in this announcement shall have the same meaning as those terms defined and used in such circular.

Philip Letts, blur Group CEO, said:



"We are delighted by the broad support shown by so many of our shareholders through the Open Offer, including members of the board. These additional funds will provide further working capital to support blur Group in its next stage of growth."

blur upbeat

StockMarketWire.com

blur Group continued to make significant progress in the first quarter of this year, shareholders at the annual general meeting later today will be told.

Chief executive Philip Letts says the group saw high growth in the volume of submitted projects, greater penetration into global markets, and a broadening of the services available through the platform with the introduction of HR and Video categories.

He will say: ""The launch of blur 4.0 at the beginning of the second quarter provided a unified browsing experience from any device as well as building on the platform's capability to support enterprise class projects as they continue to grow. May 2014 saw the submission of the 5,000th project to the Exchange and total project values submitted to date have passed $270m.

"Furthermore, the Board are confident that the more prudent accounting and reporting policies and practices implemented following year-end, largely as a response to the increased complexity and duration of enterprise level projects coming through the Exchange, will underpin the future performance of the business. "The board believes that the added investment of $22m from the placing and open offer, together with a strengthened finance function and the planned appointment of a new CFO all based out of our global HQ in Exeter, will enable the company to maximise its market opportunity and support it through to profitability and beyond."

Trading Update

RNS


RNS Number : 7921L

Blur Group PLC

09 July 2014




blur Group Plc

("blur Group" or the "Company")



blur Group announces first half 2014 project bookings up by over 200%



blur Group (LSE: BLUR), the s-commerce company, today announces project bookings* for the first half of 2014 have increased by more than 200% year-on-year to $16.04m (H1 2013: $5.2m).



Continuing the trend seen in the latter half of 2013, s-commerce is being increasingly adopted by enterprise customers, with Amazon, Solvay, UTI, Menard, Incisive Media, Sabre, and CBRE starting projects in Europe, North and South America and the Middle East during the first half of 2014. All customers are now benefiting from the latest version of blur Group's platform, blur 4.0 which was the major technology release in the first half of the year, and joins nearly 50,000 business buyers and sellers operating on the Exchange.



Key to blur Group's global reach and growth are its partnership programs and the Company is pleased to have partnered with GAIN, an initiative from the University of Plymouth, to bring global opportunities to businesses in the local region in which it has located its head office. blur Group also announced partnerships with AMS and now has a referral partner network of nearly 1,000 organisations worldwide, including larger partners such as Alibaba.



"Launching version 4.0 of blur Group's s-commerce platform was integral to enterprise customers adopting the Exchange," commented Philip Letts, blur Group CEO. "We were particularly pleased to see additional projects from companies including Amazon, Sabre and Canadian Cancer in this period, reinforcing our focus on customer experience and retention."

Still going South.

a typical rocket and stick company i'm afraid

blur Group – ‘a stronger foundation for growth’? Not yet
BY STEVE MOORE | WEDNESDAY 16 JULY 2014

4


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Since my previous update on blur Group (BLUR), the shares have slipped further – to a current 75p. Having at one stage early this year reached almost 800p, some see value at current levels. But is this illusory?

A recent half year “trading update” reported project bookings growth which researcher Edison notes “shows that the flow of business into the exchange continues to gather momentum”. The researcher added that “while preceding events have been a chastening experience, with the balance sheet strengthened and tighter receivables policies, blur is in better shape to grow into the significant opportunity ahead… if blur can continue to grow revenues exponentially for five years beyond the forecast period, the shares would be worth many times the current share price”. Despire this, there appear to be some nagging concerns still to overcome here;

- Edison notes that the 2013 results showed “receivables at $5.5m represent over 100% of reported revenues and the bad debt provision was increased by $644k (13% of sales)”.

- Customers using the platform for larger, more complex projects - “the limited visibility on the conversion rate of bookings to cash collected adds a degree of risk to valuing the projected cash flows”.

- break-even forecasts have been pushed out, cash flow break-even during FY16 though even this is “assuming progress is made on cash collection”.

- the recent fund-raising seeing the group to break even is “assuming the credit control record normalises”.

The facts that faster than expected adoption by large enterprises and that “much more stringent financial controls are being put in place to improve cash collection and ensure compliance with the revised revenue recognition policies” are emphasised to attempt to comfort on the future prospects. However, the market cap of blur is still currently in excess of £35 million. At least until there is tangible evidence of significant improvement in cash collection from "bookings" and that cash-burn is resultantly funded, these are not shares I would want to hold.

- See more at: http://www.shareprophets.advfn.com/views/6597/blur-group-a-stronger-foundation-for-growth-not-yet#sthash.nDhmAq4D.dpuf

blur Group signs up first alliance partners

By John Harrington

July 16 2014, 9:00am
Blur said almost 1,000 businesses are currently referral partners, but printed.com and AMS are the first alliance partners
Blur said almost 1,000 businesses are currently referral partners, but printed.com and AMS are the first alliance partners


Services commerce (s-commerce) leader blur Group (LON:BLUR) has unveiled collaborations with digital print firm printed.com and workers’ compensation programmes wholesaler Alternative Market Insurance Services.

The deal puts more than 70,000 printed.com customers and in excess of 2,000 AMS network members in contact with more than 50,000 users of blur Group’s Global Services Exchange.

“The Global Services Exchange is an excellent addition to our existing suite of products and services for North American companies,” said Curtis Prince, director of Sales & Marketing at AMS Programs.

“Our partnership with blur Group gives our network unprecedented access to business services providers around the world,” he added.

Nick Green, founder of UK-based printed.com, said: "The deal allows us to offer s-commerce to our customers and gives them access to thousands of business services providers in addition to our own print services."

The two companies are the first alliance partners in blur’s three-tier partnership programme.

Printing.com and Alternative Market Insurance Services (AMS), being alliance partners, will share the s-commerce platform to extend their offerings in order to meet the business service requirements of their customers.

The other tiers of the partnership programme are: strategic partners, where a company integrates s-commerce with revenue infrastructure to meet strategic business service requirements of their company, and referral partners, where partners earn commission on projects referred to blur Group.

Blur said almost 1,000 businesses are currently referral partners.

Gerry Gross, chief commercial officer at blur Group, said the lift-off of the group’s alliance partnerships programme is indicative of companies taking “a more holistic view” of their customers’ experience.

“Industries as diverse as print and insurance are realising the benefits of s-commerce, its relevance to their customers and the opportunities it creates for growth. AMS and printed.com share a disruptive approach to getting things done; they prize the quality and efficiency buying services online can bring,” Gross said.

Another leg down!!!!!!!

Unaudited Interim Results

H1 2014 Highlights

● Strong Revenue Growth under conservative Revenue Recognition policies

303% increase in revenue growth over H1 2013 under revised Revenue Recognition policies (detailed later in this statement). The revision has led to H1 2013 revenues being re-stated (H1 2014 represents a 19% increase on FY 2013 revenue)

● Repeat Bookings & Project Value Growth demonstrates continued growth in Exchange usage

Total value of bookings in H1 2014 of $16.04m (H1 2013: $5.2m), partly driven by 170% increase in the value of projects from repeat customers in the period versus H1 2013.

● Operational Leverage emerging

Business growing strongly with same employee numbers as at end of 2013 (78 FTEs) reflecting the efficiency gains from the new blur 4.0 platform and associated business processes.

● Increase in Enterprise customers

New Enterprise customers (over $500m turnover): Regus, Danone, Solvay, Amazon, Sabre and Menard.

● International Customer Expansion

USA and UK lead in number of H1 2014 projects. Projects started from 15 other countries.

● Gross Profit of $1.5m, 27% of Revenue

The business model continues to generate predictable and consistent gross profit. The H1 2014 figures of $1.5m represents 27% of revenue.

● Successful $21m Fundraising

$21m fundraise (net proceeds after costs) in June which funds blur through to profit.

● New Technology Platform, blur 4.0, Launched

New 'mobile first' platform launched to improve the transactional efficiency of the Exchange



http://www.moneyam.com/action/news/showArticle?id=4882041

Blur Group: Former Microsoft UK CFO named new finance chief

By Giles Gwinnett

September 16 2014, 8:00am
Stephen Harvey will be based at the s-commerce specialist's headquarters in Exeter, UK
Stephen Harvey will be based at the s-commerce specialist's headquarters in Exeter, UK


A former Microsoft UK chief financial officer (CFO) has been named the new CFO at blur Group (LON:BLUR).

Stephen Harvey will be based at the service-commerce specialist's headquarters in Exeter, UK.

With over 20 years' experience in the software sector, Harvey was CFO of Microsoft UK until 2004.

There, he was part of the team that led them to become the best performing division within Microsoft worldwide.

Harvey has spent the last three years working as a finance chief in Europe, Africa and the Middle East. The plan is that he will join the board in due course.

Barbara Spurrier, who has acted as CFO since February this year will revert to her previous role as director of financial reporting and will be supporting Harvey.

Philip Letts, blur's chief executive, said of Harvey: "He brings with him considerable and broad experience, not just at CFO level but also in commercial and operational activities.

"I believe this combination will make him uniquely capable of helping us manage the company's growth whilst ensuring that we have the right financial systems, protocols and policies in place to deliver on our promise."

Letts added that business was growing and maturing in all aspects: technology, financial, governance, sales and management.

"In a year, we have quadrupled our revenue, trebled our bookings, completed a successful fundraising, kept our costs and headcount controls in line with our plan, and grown customer success through a 170% value increase from repeat customers.

"With the appointment of Stephen I am confident that we now have in place all the elements required to manage our current and future growth and return value to our shareholders."

Blue chips turning to blur with increasing pace

RNS


RNS Number : 7656U

Blur Group PLC

21 October 2014






Tuesday 21 October 2014



blur Group plc

("blur" or the "Group")



Blue chips turning to blur with increasing pace

Argos and Tesco adopt award-winning platform



blur, the international e-commerce company providing a better way for businesses to buy or sell services, is continuing to gain new business from enterprise customers as it moves into the final months of 2014.



Argos and Tesco are the latest blue chip companies to kick off services projects via the blur 4.0 platform, joining Regus, Danone, Solvay, Amazon, Sabre and Menard who are already active repeat blur platform users.



Argos's first project was for technology services as part of its ongoing digital transformation, while blur delivered its first project for Tesco, as increasingly e-commerce for services becomes a part of e-commerce vendors' buying plans.



A products innovation company has also kicked off two new development projects worth in excess of $500K, further demonstrating blur's capability for handling large value projects.



blur, which recently won the award for Best General eCommerce at the annual eCommerce awards in London, has also extended its partner program announcing a new strategic alliance with Eventbrite, the global ticketing and event fulfilment marketplace.



Stephen Harvey, Group CFO, said "There is a lot of excitement at blur right now as we see the uptake of the platform increasing with bigger blue chip companies becoming a regular occurrence. New customers, new large value projects and new partners all confirm that buying services online leads to doing business better."

Trading Update

RNS


RNS Number : 3861X

Blur Group PLC

19 November 2014




Wednesday 19 November 2014



blur Group plc

("blur" or the "Group")



Trading Update



Further to the Interim Results issued on 9th September 2014 (the "Interims") blur today issues a trading update:



Trading Update Summary

blur announces that the business is currently in line with management expectations in respect of new project bookings, ahead of plan for new and repeat enterprise projects, and ahead of its plan on costs due to the adoption of the blur 4.0 platform by Enterprise customers.



The Group continues on its already announced and planned path towards EBITDA breakeven and positive cash flow. The Group has cash resources of $20m to comfortably sustain it through to profitability and cash flow positive.



Whilst revenue growth has been strong, a small number of large projects, which have been submitted to the exchange, will not kick off until early 2015, which will impact the Group's revenue and therefore profitability for the full year ending 31 December 2014.



Operationally, we remain pleased with progress, with Project Bookings remaining strong, especially from the Enterprise customers, with a total of 6,329 projects submitted to the Exchange as at 17 November 2014, representing a combined value of $310m. This represents a fourfold growth against the same point in 2013, with all indicators that EBITDA breakeven will be achieved in Q4 2015 along with positive cash flow from Q1 2016.



Growth in Bookings from Enterprise Customers

So far in Q4 2014 the majority of bookings (with around 1/3rd of these being repeat customers) have come from major brands, with the most recent notable additions being Amazon, Tesco and Argos.



Business Model Scalability

The roll-out of the blur 4.0 platform has proved that the business scales without significantly adding to costs. Business growth is being achieved with a headcount that today numbers 67 against 78 at the end of FY 2013.

and CLUNK!
BLUR joins the 90% club .... actually, it did so a few months back

One that is well worth watching, just to see if the company has turn round prospect.

Latest Enterprise Brands Buying at blur

RNS


RNS Number : 9937X

Blur Group PLC

26 November 2014




Wednesday 26th November 2014



blur Group plc

("blur" or the "Group")



Aryzta, Kier Group and Sixt, the latest enterprise clients buying at blur



blur, the international e-commerce company providing a better way for businesses to buy or sell services, today announces the latest enterprise clients to use blur.



In the busiest week of the year for online shopping, the latest big brands to shop at blur for business services include German car-hire giant, Sixt, one of the world's leading food brands, Aryzta, and major construction company, Kier Group:



· Sixt has taken advantage of blur's newest category for video services buying and launched a series of promotional videos.

· Aryzta is the latest client to recognise the potential of blur in streamlining procurement with its marketing procurement division choosing blur to handle its marketing projects globally and source suppliers in this category.

· Regional marketing heads at Kier Group have discovered the advantages of managing tail spend with the centralised management that blur and its recently-launched Project Space 2.0 provide.



In announcing these latest enterprise clients, blur's Chief Executive Officer Philip Letts commented, "We've already seen that 2014 is the year that the enterprise has adopted blur for its convenience and quality of delivery. These latest client wins show that blur's extensive network of service providers, combined with its unique managed approach, give businesses a streamlined way to deliver business services."

Latest Global Enterprise Customers Announced

RNS


RNS Number : 8366Z

Blur Group PLC

16 December 2014






Blur Group plc

("blur" or the "Group")



Latest Global Enterprise Customers announced by blur Group



- Thales, South West Water & Realtek Semiconductor Corp turn to blur for Business Services -



16 December, 2014: blur, the international e-commerce company providing a better way for businesses to buy or sell services, is pleased to announce a further three new global enterprise customers who have submitted projects on blur's platform.



Thales the global aerospace, space, defence, security and transportation specialist, UK based South West Water and Realtek Semiconductor Corp, one of the world's largest and most successful integrated circuit design houses, have all come to blur for new services project delivery.



These are the latest enterprise-class customers to use blur in 2014, reinforcing the launch earlier of this year of blur 4.0 which was built to support the enterprise client as well as blur's traditional small and medium enterprise customer base.



blur's Chief Executive Officer Philip Letts commented "These latest names consolidate our approach throughout 2014 to make blur an easy way for enterprises to buy services. It's also noteworthy that December, traditionally a quieter month, is seeing an increasing number of enterprise clients like these ones that have now started projects with us."

Trading Update and $17m Project
RNS
RNS Number : 1988C
Blur Group PLC
15 January 2015

15 January 2015



blur Group Plc

("blur" or the "Group")

Trading update and four-year, $17m project kicked off



15 January, 2015: blur, the international e-commerce company providing a better way for businesses to buy or sell services, has today confirmed that it expects its full year results for the year ended 31 December 2014 to meet market consensus forecasts. The Group continues on its previously announced and planned path towards EBITDA breakeven in Q4 2015 and positive cash flow fromQ1 2016. Currently the Group has the cash resources to sustain it through to profitability and positive cash flow.



Assisting the Group in achieving these stated goals, blur today also announced that it has kicked off a project for a new customer using the blur platform, to raise sponsorship and investment for an independent cycling team, who is planning to compete in the Tour de France and other signature events.



The project will run over a four-year period with the total project value budgeted at approximately $17m, and expected to be recognised over four calendar years. .



blur's Chief Executive Officer Philip Letts commented:

"The continued adoption of the blur platform by enterprise customers, including by this latest new customer, is a very exciting confirmation of the robustness and flexibility of the blur platform. This follows our recent announcements that we have added enterprise customers including Thales, South West Water, Realtek Semiconductor Corp, Argos and Tesco to the platform, and I am pleased to see yet more evidence of take-up at the highest levels."



-ENDS-

Listen: Stephen Harvey, Group CFO blur Group - Trading Update and $17m Project

Click Here

New $3m project kicked off by leading FMCG company
RNS
RNS Number : 6908C
Blur Group PLC
21 January 2015

blur Group Plc

("blur")

New $3m project kicked off by leading FMCG company



21 January, 2015: blur, the international e-commerce company providing a better way for businesses to buy or sell services, announces the kick off of a $3m enterprise project by a leading FMCG company, responsible for some of the world's best known brands.



The project, expected to run for up to two years, represents the largest project by an enterprise customer* that blur's exchange has attracted to date. The project, a pure technology play, provides evidence of continued enterprise adoption of the blur exchange.



blur's Chief Executive Officer Philip Letts commented: "This project is significant because it demonstrates that large enterprises are increasingly recognising the advantages of using the blur Exchange. This is a real endorsement of our approach and ability to deliver solutions for large and technically complex projects. We are confident in our ability to meet almost any professional services requirement through the exchange. "



* blur defines Enterprise customers as those with greater than $500m p.a. turnover

Complete nonsense this company.......it's an online yellow pages ; nothing more....endless bla...bla...bla...about entreprises and so forth.....typical britain today waffle....