OB10 attributes its 3,488% Revenue Growth to the growth of its member network

8th January 2008- OB10 today announced that it ranked Number 30 on the Deloitte Technology Fast 500 EMEA 2008, a ranking of the 500 fastest growing technology companies in EMEA. Rankings are based on percentage revenue growth over five years. OB10 grew 3,488% during this period.

OB10’s CEO, Jamie Gunn, credits the Global expansion of its member network and a host of new services to customers with the company’s 3,488% revenue growth over the past five years. He said, “Obviously we are really pleased to be included on such a recognised list as the Deloitte Technology Fast 500 EMEA. We hope that this shows our customers that e-Invoicing is a growing industry, and further expansion on a global scale is certainly anticipated. We want to keep growing and reach our full potential."

"Making the Deloitte Technology Fast 500 is commendable in today’s highly competitive technology industry," said Karel Bakkes, partner in charge of Deloitte’s Technology Fast 500 EMEA program. "We congratulate OB10 on being one of the 500 fastest growing technology companies in the region." “Because Deloitte Technology Fast 500 EMEA measures sustained revenue growth over five years, being one of the 500 fastest growing technology companies in EMEA is an impressive achievement. OB10 deserves a lot of credit for its remarkable growth.”

In addition to ranking on Deloitte’s Technology Fast 500, OB10 ranked 4 on the UK Technology Fast 50, which is a ranking of the 50 fastest growing technology firms in the UK.

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About Deloitte

“Deloitte” is the brand under which tens of thousands of dedicated professionals in independent firms throughout the world collaborate to provide audit, consulting, financial advisory, risk management and tax services to selected clients. These firms are members of Deloitte Touche Tohmatsu, a Swiss Verein (“DTT”). Each member firm provides services in a particular geographic area and is subject to the laws and professional regulations of the particular country or countries in which it operates. DTT helps coordinate the activities of the member firms but does not itself provide services to clients. DTT and the member firms are separate and distinct legal entities, which cannot obligate the other entities. DTT and each DTT member firm are only liable for their own acts or omissions, and not those of each other. Each DTT Member Firm is structured differently in accordance with national laws, regulations, customary practice and other factors, and may secure the provision of professional services in their territories through subsidiaries, affiliates and/or other entities.

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© 2008 Deloitte Touche Tohmatsu. All rights reserved.

About OB10

OB10 (www.OB10.com) is the leading global B2B e-Invoicing network. OB10 simplifies and streamlines the complex invoice-to-pay processes. Neither client organisations nor their suppliers are required to implement any hardware or software, and OB10 is independent of data file formats. OB10 can reduce the cost of paper invoice processing by typically 60 percent and can deliver an ROI in less than a year if the programme follows OB10’s best practice guidelines. Operational across Europe, North America and Asia, OB10 is compliant with the requirements of VAT, tax and e-Invoicing legislation and receives invoices from suppliers in over 100 countries. To ensure unrivalled and rapid supplier enrolment, each new customer’s suppliers are supported by an implementation services team responsible for getting them up and running on the OB10 network.

Customers include: Agilent Technologies, Barclays, Cargill, DHL, DSG International, Eli Lilly & Company, Fisher Scientific, General Motors, GlaxoSmithKline, Hewlett Packard, IBM, Kellogg’s, Logica, Lufthansa, Mohawk Industries, Norwich Union, SaraLee, Shaw Industries and Steria

 

Company contact                                               Press contact                           

Clare Briggs, Marketing Manager, OB10              Nick Bolshaw, Rostrum Communications

tel: +44 (0) 20 7632 0913                                    tel: +44(0)207 392 2632             

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website: www.OB10.com                                   

OB10 and the OB10 logo are trade marks of OB10 Limited and are protected by law