Thinkwrap Commerce continues to ride the wave of growth in the eCommerce industry. Thinkwrap has recently been named to the Profit500 list of Fastest-Growing Companies in Canada – for the sixth consecutive year! These rankings are based on 5-year total revenue growth. This year measures revenue growth from 2009 to 2014.
“I am extremely proud of our ability to sustain the growth necessary to remain on this prestigious list.,” says Steve Byrne, CEO at Thinkwrap Commerce. “This accomplishment is a true testament to the years of hard work and dedication from our team to ensure that we deliver strong business value on each client engagement that we undertake.”
A key driving factor in Thinkwrap’s expanding business is the continual growth trend happening in the eCommerce industry, which few other industries are experiencing. According to an article by eMarketer, global Retail eCommerce sales are expected to climb from $1.316 trillion (USD) in 2014 to $2.489 trillion (USD) in 2018. According to research firm, Frost & Sullivan, The Business-to-Business (B2B) Commerce industry is anticipate to be twice as large as the B2C figures by the year 2020 (source:PracticalEcommerce). Overall, this translates to more demand for companies with expertise in the eCommerce space, like Thinkwrap Commerce, in order to deliver integrated technology solutions required for companies to build seamless customer experiences and compete online.
As for next steps, Thinkwrap Commerce plans for further expansion into international markets. The economic climate and Canadian currency exchange rate presents excellent opportunities for both Thinkwrap and our Canadian eCommerce customers to look beyond our borders for new customer acquisition.