Report: Tejari one of top ten e-sourcing vendors in the world

Forrester report estimates e-sourcing market is expected to pass $1 billion in 2009

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By  Vineetha Menon Published  January 11, 2009

Tejari, the online trading company formed by Dubai World, has ranked 8th in a research report that identifies the top e-sourcing vendors in the world.

The Forrester report also estimates that the global market for e-sourcing products will pass $1 billion this year.

“Our electronic sourcing platform has helped companies in the region save up to 12% of their annual spend; this function is key to Tejari’s success over the past few years," said Omar Hijazi, CEO of Tejari.

"Seeing an Arab technology firm ranked globally is powerful achievement and we look forward to further expanding our business alongside the growth of the industry in the years to come,” added Hijazi.

Last year, Tejari achieved a 31% increase globally in the number of companies that joined its marketplace, with 200,000 businesses presently registered as members.

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