Boundless Network Reports Third Consecutive Record Quarter
Boundless continues growth momentum with 22 percent increase in revenue
AUSTIN, Texas – Boundless Network (http://www.boundlessnetwork.com), today announced a record third quarter, ending on September 30, 2011. The Company added 10 distributor partners and increased third quarter revenue by 22 percent from July to September in 2011. This announcement comes off the heels of a record second quarter in which the Company added 20 distributor partners and increased revenue by 18 percent from Q2 2010.
“We have continued to see success in 2011. Today’s buyers are expecting a more robust platform for servicing their business. Our exceptional growth is one hundred percent affirmation of our leading platform for top sales professionals to win in a very difficult market environment,” said Jason Black, Boundless Network’s CEO. “We’ve invested our dollars and resources in building a better buyer experience for customers.”
Boundless is aggressively expanding their brand by partnering with other sales distributors. During the third quarter, Boundless increased expansion by adding 10 distributor partners. As a result, the Company reported estimated revenue additions of $4 million.
“Boundless has a strong understanding for the market demands of my customer base,” said Joe Racina, independent sales professional that recently partnered with Boundless. “Their platform positions me well to not only service my customers, but to expand my business with their patented technology. I researched all of the other distributorships in the industry and Boundless was the best fit that aligned with my aggressive growth goals.”
Boundless Network was established in April of 2005 and has grown to a $44 million distributorship. The Company is backed by venture capitalist firms, Austin Ventures and Silverton Partners, providing the company with a customer-centric technology strategy.
Boundless Network is one of the fastest growing, venture-backed promotional product distributorships. They were recently ranked No. 3 out of an estimated 20,000 branded merchandise companies on ASI’s 2010 list of fastest-growing distributors. The company was also one of the youngest distributors to be named to ASI’s Distributor Top 40 list, where it outpaced the average annual growth of the other ranked distributors by more than 50 percent. Last August, Inc. magazine recognized Boundless Network on its Inc. 5000 list; Boundless Network was the seventh fastest-growing company in the “Business Products & Services” category.