Kadence sustains record growth period, posts 25% y-o-y revenue jump for 3Q

The market research specialist’s Asian network – which covers the company’s offices in India, Malaysia, Singapore, Indonesia and China generated revenue totalling $1.7m while revenue for the previous quarters amounted to $4.9m.

In a statement, Kadence said its pace of growth is not isolated to Asia. With offices also located in the US and UK, global revenues for the first three calendar quarters of 2010 total $12.3 million, with year-on-year sales up 55% on 2009.

The significant growth of the market research and insight provider has necessitated the expansion of the teams and site capacity at five of the seven offices worldwide. In Asia, the Malaysian office has been bolstered through relocation to larger premises and the addition of state-of-the-art viewing facilities, while the teams in India and Indonesia are in the process of relocating to double Kadence International’s future capacity to service clients in each country.

Simon Everard, Kadence Global Chairman, said: “Following a record financial year in 2009/10, we are encouraged to see that the momentum has continued in 2010/11."

He said the team’s ability to provide data collection services using the latest techniques then applying this research to generate inspiring insight, has been a key attraction for many clients and has been central to Kadence winning significant new business in recent months.

“Having established a presence in Asia, we are keen to take advantage of the region’s appetite for our offering and aim to develop an infrastructure that allows Kadence to advance its growth and meet demand. As privately owned companies are particularly susceptible to turbulent market conditions, we are incredibly proud to have weathered the storm and be in a position to consolidate growth over the coming months,” Everard said.