MarkIT

MarkIT

MarkIT is an e-purchasing system for IT goods in the Baltics. Learn more

Financials

Estimates*

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Revenues, earnings & profits over time
USD201820192020202120222023
Revenues9.8m15.1m15.8m17.3m24.4m27.3m
% growth-54 %5 %9 %41 %12 %
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DateInvestorsAmountRound
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N/A

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€2.0m

Growth Equity non VC
Total Funding-

Recent News about MarkIT

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Markit operates a centralized IT purchasing platform that serves international clients across 45 countries, including Europe, the USA, Canada, Australia, and Singapore. The platform offers a comprehensive range of over 5 million unique IT products, from toners to servers, supplied by leading IT distributors. Markit's business model focuses on acting as the sole supplier rather than a broker, ensuring transparency and efficiency in the procurement process. The company caters to large multinational corporations, providing them with a streamlined purchasing experience that combines centralized procurement with local delivery within 48 hours. Markit generates revenue through the sale of IT products and services, leveraging its extensive network of over 350 real-time IT catalogue feeds. The company is recognized for its high client satisfaction, boasting a Net Promoter Score of 78.6%. Additionally, Markit is committed to sustainability and community engagement, supporting various environmental and social initiatives.

Keywords: IT procurement, centralized purchasing, international clients, local delivery, IT products, transparency, sole supplier, multinational corporations, real-time catalogue, sustainability.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.