Company attributes growth to an increased demand for its credit reporting services worldwide and significant expansions in the U.S. and Italy
ALLENTOWN, Pa. (April 29, 2015) – Creditsafe – the world’s most-used provider of company credit reports – today announced…
Creditsafe – the world’s most-used provider of company credit reports – today announced that it has delivered exceptionally strong financial results for 2014 across its global operations, reporting a 25 percent increase in total revenues.
The company reports that in 2014, its revenues grew from $84.7 million to $104.3 million, which has been largely driven by organic growth in demand for services worldwide, as well as its successful expansion of operations in the U.S. and Italy. Additionally, the company added 200 employees, bringing its global employee head count to 1,000.
“2014 was another successful year for Creditsafe as we continued to grow our global operations organically in terms of head count, profit and revenues,” said Creditsafe’s COO and U.S. Operations President Matthew Debbage. “It has been especially exciting to see the growth we’ve been able to achieve in the U.S. this past year, where we opened a new West Coast office in Phoenix and expanded our original team in Allentown, Pennsylvania to 150 employees. Also in Italy, we celebrated our first birthday and have delivered more than 500,000 credit reports to 3,000 subscription customers in under 18 months. This continues to show that our unique culture and approach to selling business credit reports can be exported successfully to other countries, and we intend to maintain global expansion throughout the coming years.”
Creditsafe has been at the forefront of a range of new developments within the credit reporting market. In 2015 and beyond, it is committed to continuing its focus on further improving its data quality, consolidating and widening international coverage, developing more sophisticated integrated solutions for larger customers, and building the world’s best trade payment data exchange program.
Founded in Norway in 1997, Creditsafe, Inc. is the world’s most-used supplier of online company credit reports. Nearly 5,000 companies in the U.S. use its credit reports, ranging from small businesses to large, global concerns like Staples, Ryder and Nestle. Its U.S. operations are headquartered in Allentown, Pa.
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