Birmingham-based technology services provider Probrand, has chalked up record growth during the first quarter of the year - posting a turnover in excess of £4 million - a 15 per cent rise on the same period in 2004.
The company hopes that by the year end its turnover will top the £20 million mark.
Probrand's innovative online IT procurement hub, The IT Index, which logged over £250,000 worth of sales to new accounts during Q1, continues to spur the company's ongoing success against a flat IT sector.
Meanwhile, Probrand's traditional office based IT resale division also grew impressively over the same period year-on-year.
Separately, Probrand's IT services and support division, Icomm Technologies, started the year aggressively and says it has a major new contract on the horizon.
Probrand recently signed a strategic alliance with global business information provider, informaDATA, and launched a major campaign within the accountancy sector to raise awareness of The IT Index - the first e-procurement solution to be accredited by The Institute of Chartered Accounts for England & Wales.
Separately, renowned research firm, The Butler Group, has drafted a glowing report on Probrand's crosssector vertical e-procurement engine, Mercato.
It is opening up further new business says Probrand managing director, Peter Robbins: "As the IT sector remains fairly flat, whilst analysts project that market uplift is forthcoming, we have continued to innovate and adopt new strategic models to ensure our growth is sustained.
"The IT Index continues to deliver for us as financial directors and procurement professionals alike switch onto the enhanced financial control and bottom line savings provided by this tried and tested solution.
"Furthermore, with the launch of Mercato eprocurement, all the benefits of The IT Index are now available to organisations looking for indirect procurement efficiencies within any vertical market.
"This first quarter has seen us enjoy significant growth and in combination with the prospects of strategic propositions like Mercato, Q1 has paved the way for us to hit our projected target of £20 million for 2005."