Connamara Quarterly – Q42019
Thoughts from our CEO
This past June, we posted a blog about getting startups to the first trade. In early November, we practiced what we preach. Our client, MaterialsXchange, using our exchange platform (EP3), completed the first transaction on its newly-launched platform only four-and-a-half months after engaging Connamara.
Connamara leveraged the off-the-shelf functionality, ease of deployment, and flexibility of EP3 to create a marketplace customized to the complex business rules of the cash market for dimensional lumber and wood products. MaterialsXchange, using EP3, is providing improved price transparency and discovery to the lumber market.
According to MaterialsXchange CEO Mike Wisnefski, demonstrating to potential customers the ability to transact on the platform in such a short amount of time has moved the discussions from “what if you could…” to “you can now…”. This is allowing Mike and his team to start onboarding new customers immediately.
While MaterialsXchange was built as an MVP, the platform is ready built to scale to the size of the market because of the built-in scalability and throughput of EP3.
If you are contemplating building a platform to bring price transparency and discovery to a market, contact us and we will get you to the first trade, and beyond.
In The News
BY: JLN News
BY: Waters Tech
ON THE BLOG
Inside look: DANIEL CURRY, Head of Business Development
WHAT ARE YOUR PRIMARY RESPONSIBILITIES AT CONNAMARA?
Developing and implementing strategy for generating new business. This includes building out our sales and marketing efforts, generating new relationships, and cultivating opportunities among existing clients.
WHAT ARE YOU MOST EXCITED ABOUT WORKING ON RIGHT NOW?
As 2019 comes to a close, we have been planning our continuing expansion into 2020. With such a strong year in 2019, including the launch of EP3 and many major custom development projects underway, we plan to rapidly expand our sales and account management staff along with more project managers, engineers, and business analysts. It’s a very exciting time right now at Connamara.