Organic Growth Drives Continued Expansion, Record Revenues And Profits At GEP
-- Leading global provider sees growth in both procurement services and procurement software segments as blue-chip client roster expands
-- GEP makes major investments in technology, enhanced category expertise, service delivery, and expanded global and regional operations
CLARK, N.J., March 21, 2013 /PRNewswire/ -- GEP, a leading global provider of procurement services and procurement software, today reported strong growth in revenues and profits in 2012, as it added multiple Fortune 500 and Global 2000 organizations to its blue-chip client base.
"Our passion is helping procurement leaders and their teams achieve their financial and business objectives," said Neha Shah, Co-founder and Executive Vice President. "Every client is different and one size does not fit all. So we provide a flexible mix of solutions – consulting services, outsourcing services and software – that support their very specific organizational and even cultural requirements.
"No other provider can help our clients succeed in so many ways because no one offers our broad mix of complementary solutions, so focused on the needs of sourcing and procurement professionals," she asserted. "And the bottom line is we get results. Results, result, results."
In the last 12 months alone, GEP added a number of blue-chip customers such as Bayer, Charter Communications, Boston Scientific and the State of Tennessee among others, Shah said.
Shah also said that she is confident that GEP will see continued strong growth in 2013 and beyond.
"We're in this for the long haul," she continued. "I see enormous potential for GEP because we will continue to keep our clients in focus and innovate to serve them better."
Shah noted that GEP is investing millions in technology innovation, category management expertise and services delivery, expanding offices and operations in Latin America, Europe and Asia, including a recent expansion in Shanghai, and has dramatically enhanced sales and marketing capabilities.
GEP is a diverse, creative team of people passionate about procurement.
We invest ourselves entirely in our client's success, creating strong collaborative relationships that deliver extraordinary value year after year. We deliver practical, effective procurement services and technology that enable procurement leaders to maximize their impact on business operations, strategy and financial performance.
Named a category leader in procurement outsourcing by the Black Book of Outsourcing, a Star Performer in Everest Group's Peak Matrix of service providers, and to the Supply & Demand Chain Executive 100 for seven years, GEP is also ranked as one of the Fastest Growing Technology Companies in Deloitte's Technology Fast 500. Clark, NJ-based GEP has eight offices and operations centers in North and South America, Europe and Asia. To learn more, please visit www.gep.com.
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