Efficio, the procurement experts backed by mid-market private equity firm Livingbridge, has been named among Europe’s fastest-growing companies in a special report published by the Financial Times.
FT 1000 lists the 1,000 companies in Europe that have achieved the highest percentage growth in revenues between 2012 and 2015.
Efficio achieved revenue growth of 86% in the three-year period to 2015, with total sales of £32.5 million and international sales of £16 million. This compares to £17.5 million and £5.9 million, respectively, in 2012.
Employee numbers for the same period grew by 65%, reaching 181 people in 2015. In the same year, Efficio expanded its global presence, opening a permanent new office in the US to complement the five European offices already in operation at the time. Today, Efficio has eight offices across Europe, the Middle East and US.
Jens Pedersen, CEO of Efficio, said: “We’re delighted to have earned a place in the inaugural FT 1000 rankings. Our exponential growth is testament to our strong value proposition and commitment to outstanding client service. Our breadth of services, unrivalled technology and expert knowledge together form a very powerful offering that speaks to a global business community looking for support for a longer period of time to ensure procurement improvements are sustainable. Inclusion in the FT 1000 highlights the strength of our solutions and the exceptional consultancy team that implements them.”
Liz Jones, Livingbridge, said: “Congratulations to Jens and the Efficio team for ranking as one of Europe’s fastest growing companies. Efficio has secured fantastic global growth to date by offering clients a suite of best-in-class technologies and a truly international consultancy team to deliver procurement savings. We are proud to be partnering with them as they continue to successfully implement their ambitious growth strategy.”