Brady plc sees business growth

Software firm says it has grown in terms of clients and contract scale.

March 25, 2014
Recycling Today Staff
Equipment & Products

Brady plc, a U.K.-based provider of software solutions for global commodity trading, has announced that 2013 was a year of growing momentum that culminated in the business securing two major contracts.

In a press release, Brady says the scale of the contracts is a testament to the company’s ability to deliver more complex solutions to companies around the globe.

In the last five years, Brady says its number of clients has increased from 57 to more than 300. Meanwhile, the group’s revenue is spread across Europe/Middle East/Africa (72 percent of group revenue), the Americas (23 percent) and Asia (5 percent). The company adds that 2013 was a strong year for commodities with nine new license contract wins, including four contracts in the United States.

Brady says that since acquiring recycling-related software firms the company has seen a significant increase in its recycling division with seven signed deals. Brady Recycling has launched a platform that addresses the needs of bulk commodity procurement management.

Brady Recycling says the company's commodities sales force will work to extend its target audience internationally. The company also reports that it plans to share its risk and derivatives expertise from the commodities unit with the scrap market.