Connamara Quarterly

CEO Letter
In the News
On the Blog
Inside Look
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Connamara Quarterly

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.

– Jim Downs, Founder and CEO

@jcdowns

/in/jcdowns/

In The News

Articles to reflect upon

Exchanges Powered By the Cloud: Connamara Systems’ Jim Downs at FIA Expo 2019

BY: JLN News

Jim stopped by the John Lothian News booth at Expo, talking about EP3 and how cloud computing has proven to be a gamechanger for scaling exchanges.

BY:Business Wire

Over the summer, MaterialsXchange became our first EP3-specific client. Just four months later, they completed their first transaction. Congrats, guys!

BY: Waters Tech

We recently announced our advisory board, and our three new board members are second to none. WatersTech covered the news here.

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.