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Tradeshift Announces Q2 2018 ResultsTradeshift, the leader in supply chain payments and marketplaces, today announced results from the second quarter of 2018, showing significant momentum across the company. Tradeshift's second quarter growth stats announced today include:
Tradeshift's customer roster showed remarkable growth this quarter, adding 38 new customers, including several Fortune 500 companies such as one of the world's leading innovators in materials science, the endurance challenge event leader, and the world's leading platform for clinical development, commercial and real-world data analytics. "It's amazing to see our strategy work across all areas of our business," said Christian Lanng, CEO and co-founder of Tradeshift. "We took a big bet that the industry was ready for innovation, and we're proud that some of the largest companies in the world are now part of the momentum we're seeing across every single metric that matters to us. From number of customers and average revenue per customer to total bookings and product execution, all credit goes to our customers who believe, our talented team, and the many app partners adding value to the Tradeshift platform every day." As previously announced in Q2:
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. 1 Gartner "Magic Quadrant for Procure-to-Pay Suites" Desere Edwards, William McNeill, Magnus Bergfors, Patrick M. Connaughton, Kaitlynn N. Sommers, 29 May 2018. About Tradeshift Tradeshift drives supply chain innovation for the digitally connected economy. As the leader in supply chain payments and marketplaces, the company helps buyers and suppliers digitize all their trade transactions, collaborate on every process, and connect with any supply chain app. More than 1.5 million companies across 190 countries trust Tradeshift to process over half a trillion USD in transaction value, making it the largest global business network for buying and selling. Discover commerce for all at tradeshift.com
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