Exeter-based technology firm Blur Group Plc has hailed another milestone in the adoption of its global services exchange.
The s-commerce company told investors today it has kicked off the next phase of a legal project worth $15m - the latest and largest high-value project submitted to the exchange.
Since the threshold for newly submitted projects rose to $5m+ in August last year, Blur has seen an increasing number of bigger projects posted on its online platform, which allows professionals around the world to pitch for project work.
Blur Group, which has its global headquarters at Exeter Science Park, said: "The customer is using the exchange as the foundation for their sourcing strategy to multiple services categories and experts. The complex scope and strategy of the project reinforces the unique ability of Blur Group's s-commerce model to manage and deliver large projects over longer durations.
"In this instance the scoping and pitching stages involved a range of service providers who then carry forward through project planning and kick-off. The project was originally submitted in 2013 and multiple delivery milestones have been identified as part of this process, with Blur Group recognizing revenue at these points through the lifecycle."
Philip Letts, Blur Group CEO, said: "This project has huge significance for Blur Group and for the growth of s-commerce. Our success centres around our pioneering s-commerce technology and the size and complexity of this project further endorses the enterprise strength of the platform. There's almost no limit to the size or scale of projects we can take on."