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Markit Fact Sheet 2023

Markit
Markit

Key Markit facts and figures. What we do and who we are. Key numbers and other data from 2022. Thousands of multinational and international companies across 6 continents are saving considerable amounts of time and money by sourcing and buying their IT hardware and accessories through Markit’s IT marketplace and procurement solution. Markit clients compare prices and delivery times in real time in our marketplace of over 5 million unique IT products. In 2022, they saved an average of 10.3% on average market prices and thousands of hours by using Markit to manage, centralise, and streamline their IT purchasing. The average delivery time for orders was 3.9 days. Our Net Promoter Score is 78.6% and rising. Founded in Estonia in 2003, Markit is now working in 42 countries. In 2022, Markit’s revenue was 217.8M euros.

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2023
WWW.MARKIT.EU
Thousands of multinational and
international companies across
6 continents are saving consider-
able amounts of time and money
by sourcing and buying their IT
hardware and accessories through
Markit’s IT marketplace and
procurement solution.
Markit clients compare prices and delivery times
in real time in our marketplace of over 5 million
unique IT products. In 2022, they saved an average
of 10.3% on average market prices and thousands
of hours by using Markit to manage, centralise, and
streamline their IT purchasing.
MARKIT FACT SHEET 2023
MARKIT BY NUMBERS 2022
204 Employees 10,500+ Entities served
40 Countries 2,700+ Active client
accounts
357 IT distributors
globally
4.3 M Products in
catalogue
3.9 days Average
delivery time
92 % Delivery
accuracy
78.6 Net Promoter
Score (NPS)
10.3 % Avg. product price
savings
Functionality designed for the key
needs of IT purchasing professionals.
TOP 10 MARKIT FEATURES
CENTRALISED IT PROCUREMENT PLATFORM
FOR MULTIPLE COUNTRIES AND ENTITIES
INTERNATIONAL MARKETPLACE AND CUSTOMIS-
ABLE CATALOGUE OF 5 M IT PRODUCTS
PARAMETRIC AND SMART SEARCH TOOLS
LOCAL-TO-LOCAL AND CONSOLIDATED
E-INVOICING OPTIONS
REAL TIME PRICE, STOCK AND DELIVERY DATA
COMPARISONS
TRANSPARENT PRICE, PRODUCT, SUPPLIER AND
PURCHASE HISTORY DATA
PARAMETRIC SEARCH FILTERS FOR ECO-RATED
PRODUCTS (e.g. TCO CERTIFIED & ENERGY STAR)
SEAMLESS PUNCHOUT INTEGRATION
(OCI OR CXML) WITH SAP/ARIBA, COUPA ETC.
LOCAL LANGUAGE BUSINESS SUPPORT
CUSTOMISABLE USER ROLES AND
WORKFLOWS
The Markit IT marketplace and purchasing solution
is a secure, internet-based system that operates as
stand-alone platform. It integrates with all major
ERP, procurement and punchout solutions. Markit
releases new, and refines existing, features on a
regular basis.
Markit’s international clients also receive fast,
local-to-local deliveries, local language support and
invoices in their local currency.
IT hardware and accessory marketplace and procurement
solution serving multinational corporations in 42 countries
Real transparent pricing with no
hidden costs.
Markit clients can choose to pay a small, fixed
percentage on top of the distributor price for all
their IT purchases or a flat monthly fee based on
projected volumes.
There are no additional costs i.e., no fees for set
up, licensing, integrations (e.g., punchout or SRM),
consultancy, or proactive account management.
2023
WWW.MARKIT.EU
TAKE THE CHASING
OUT OF IT PURCHASING
B2B IT PURCHASING GROWTH
B2B IT purchasing continues to explode in scope.
With product prices dropping and the variety of
models available for many products is increasing.
This in turn requires new levels of efficiency from
the purchasing teams.
In 2007 our clients ordered more than 11,000
unique IT products. Jump forward 15 years and
the number has risen constantly. 2,300,016
products were delivered by Markit in 2022.
Our clients span all industries, including a
growing number of the Forbes Global 2000
companies: ABB, Danfoss, Continental, AGA
(Linde AG), Coca-Cola, Ericsson, MetLife,
Roche, Sanofi, SEB, Johnson & Johnson, Tieto,
Rezidor/Radisson, Schott, Siemens, Skype,
Telenor, TIKTOK and many more.
COMPANY PERFORMANCE
Since 2003, Markit has grown from helping a
small number of businesses in Estonia to serving
thousands of companies in 42 countries in 2023.
2022 revenue for Markit reached 218 million
euros with 204 employees. Our RPE of 1.06 million
euros (revenue per employee) denotes a highly
productive team.
ADDITIONAL RESOURCES
Read our insights and articles on the Markit blog
Download IT procurement reports Markit publications
Check the latest Markit news on LinkedIn
Explore more on the Markit website
GET IN TOUCH
AND LET’S TALK
REVENUE
million euros
JON KOLASINSKI
Head of Countries
Phone: +372 666 9900
Email: jon.kolasinski@markit.eu
Markit Holding AS
Laeva 1, Tallinn
10111 Estonia
GLOBALLY RECOGNISED PARTNER
Markit has twice been a shortlisted finalist in the
World Procurement Awards in the Procurement
Technology Provider category (2022) and P2P
Specialist Provider category (2020). In addition, our
global client, Danfoss, was shortlisted in 2020 in
the External Collaboration category in recognition
of the outstanding level of savings they achieved
with Markit.
Markit became an active
participant in the United Nations
Global Compact in 2021.
79.2
93.4
111.8 112.1
2021
122.6
178.7
2016 2017 2018 2019 2020 2022
217.8

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Markit Fact Sheet 2023

  • 1. 2023 WWW.MARKIT.EU Thousands of multinational and international companies across 6 continents are saving consider- able amounts of time and money by sourcing and buying their IT hardware and accessories through Markit’s IT marketplace and procurement solution. Markit clients compare prices and delivery times in real time in our marketplace of over 5 million unique IT products. In 2022, they saved an average of 10.3% on average market prices and thousands of hours by using Markit to manage, centralise, and streamline their IT purchasing. MARKIT FACT SHEET 2023 MARKIT BY NUMBERS 2022 204 Employees 10,500+ Entities served 40 Countries 2,700+ Active client accounts 357 IT distributors globally 4.3 M Products in catalogue 3.9 days Average delivery time 92 % Delivery accuracy 78.6 Net Promoter Score (NPS) 10.3 % Avg. product price savings Functionality designed for the key needs of IT purchasing professionals. TOP 10 MARKIT FEATURES CENTRALISED IT PROCUREMENT PLATFORM FOR MULTIPLE COUNTRIES AND ENTITIES INTERNATIONAL MARKETPLACE AND CUSTOMIS- ABLE CATALOGUE OF 5 M IT PRODUCTS PARAMETRIC AND SMART SEARCH TOOLS LOCAL-TO-LOCAL AND CONSOLIDATED E-INVOICING OPTIONS REAL TIME PRICE, STOCK AND DELIVERY DATA COMPARISONS TRANSPARENT PRICE, PRODUCT, SUPPLIER AND PURCHASE HISTORY DATA PARAMETRIC SEARCH FILTERS FOR ECO-RATED PRODUCTS (e.g. TCO CERTIFIED & ENERGY STAR) SEAMLESS PUNCHOUT INTEGRATION (OCI OR CXML) WITH SAP/ARIBA, COUPA ETC. LOCAL LANGUAGE BUSINESS SUPPORT CUSTOMISABLE USER ROLES AND WORKFLOWS The Markit IT marketplace and purchasing solution is a secure, internet-based system that operates as stand-alone platform. It integrates with all major ERP, procurement and punchout solutions. Markit releases new, and refines existing, features on a regular basis. Markit’s international clients also receive fast, local-to-local deliveries, local language support and invoices in their local currency. IT hardware and accessory marketplace and procurement solution serving multinational corporations in 42 countries Real transparent pricing with no hidden costs. Markit clients can choose to pay a small, fixed percentage on top of the distributor price for all their IT purchases or a flat monthly fee based on projected volumes. There are no additional costs i.e., no fees for set up, licensing, integrations (e.g., punchout or SRM), consultancy, or proactive account management.
  • 2. 2023 WWW.MARKIT.EU TAKE THE CHASING OUT OF IT PURCHASING B2B IT PURCHASING GROWTH B2B IT purchasing continues to explode in scope. With product prices dropping and the variety of models available for many products is increasing. This in turn requires new levels of efficiency from the purchasing teams. In 2007 our clients ordered more than 11,000 unique IT products. Jump forward 15 years and the number has risen constantly. 2,300,016 products were delivered by Markit in 2022. Our clients span all industries, including a growing number of the Forbes Global 2000 companies: ABB, Danfoss, Continental, AGA (Linde AG), Coca-Cola, Ericsson, MetLife, Roche, Sanofi, SEB, Johnson & Johnson, Tieto, Rezidor/Radisson, Schott, Siemens, Skype, Telenor, TIKTOK and many more. COMPANY PERFORMANCE Since 2003, Markit has grown from helping a small number of businesses in Estonia to serving thousands of companies in 42 countries in 2023. 2022 revenue for Markit reached 218 million euros with 204 employees. Our RPE of 1.06 million euros (revenue per employee) denotes a highly productive team. ADDITIONAL RESOURCES Read our insights and articles on the Markit blog Download IT procurement reports Markit publications Check the latest Markit news on LinkedIn Explore more on the Markit website GET IN TOUCH AND LET’S TALK REVENUE million euros JON KOLASINSKI Head of Countries Phone: +372 666 9900 Email: jon.kolasinski@markit.eu Markit Holding AS Laeva 1, Tallinn 10111 Estonia GLOBALLY RECOGNISED PARTNER Markit has twice been a shortlisted finalist in the World Procurement Awards in the Procurement Technology Provider category (2022) and P2P Specialist Provider category (2020). In addition, our global client, Danfoss, was shortlisted in 2020 in the External Collaboration category in recognition of the outstanding level of savings they achieved with Markit. Markit became an active participant in the United Nations Global Compact in 2021. 79.2 93.4 111.8 112.1 2021 122.6 178.7 2016 2017 2018 2019 2020 2022 217.8