SOURCE: Intesource, Inc.

Intesource

February 16, 2010 08:15 ET

Intesource Reports Sustained Growth Despite Economic Climate

PHOENIX, AZ--(Marketwire - February 16, 2010) - The lingering economic climate continues to plague operational results among businesses worldwide. But it's not all bad news: Phoenix-based Intesource, the e-Sourcing experts, today announced another year of solid, double-digit growth.

Despite current market reports showing an industry-segment growth trend of less than 5%, Intesource reports year-over-year growth of 29%. In 2009, Intesource significantly increased its customer base, grew enterprise-wide solution deployments with existing customers, and expanded into a number of new business verticals such as higher education, hospitality, and healthcare resulting in significant expansion following a prior 28% year-over-year growth. In comparison, the largest company in the segment reports an increase of only 2%.

Intesource President & Chief Executive Officer Tom Webster stated, "We are very pleased and humbled by the continued confidence our customers put in our solutions. Their success and unparalleled results speak volumes." He added, "Our outlook for 2010 will continue to be very aggressive and we foresee another year of more than a 25% growth."

Economists forecast 2010 still remains unclear whether there is enough demand in the economy to generate growth. Although overall conditions have improved, the next two to five years may still prove challenging. For many, Intesource is providing much needed insulation through their cost reduction and profit improvement initiatives.

About Intesource
Intesource, Inc. is a global provider of on-demand profit improvement solutions including strategic sourcing, vendor management, and contract management. Serving market leaders in multiple industries, we deliver superior technology backed by industry-leading, full service support. Our enterprise solutions integrate with your existing processes, are customizable, user friendly and deliver high impact results including enhanced productivity, cost reduction, and bottom-line profitability.

Contact Information

  • Press Contact:
    Ashley Weaver
    Email Contact
    Intesource
    602.445.2206

    Intesource, Inc.
    2111 E. Highland Ave. Suite B-375
    Phoenix, AZ 85016
    Website:www.intesource.com