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March 06, 2007
Kiala Goes From Zero To €25M In Five Years
Most of the companies we write about are concerned with moving bits around, but Belgium's Kiala moves parcels around in four countries in Europe and its making a bundle.
On the back of all that trucking Kiala's generating €25M in annual revenues, the VC-backed startup said in its latest financial press release (via Tornado Insider).
We've written about the firm's famous founder Denis Payre and it looks like he is executing well in this latest venture.
It might be a largely offline business, but a lot of Kiala's clients are using it to support their online businesses, such as Carrefour, Esprit, Ikea, Kiabi, Maty, Pixmania, and including a partnership with eBay.
The company, which also has deals with big brands for after sales support, such as Nokia and Nespresso, is getting ready to expand in the UK. Denis Payre, co-founder Kiala (and France Business Objects in a previous venture) said in a statement that financial results for last year enabled the company reach breakeven in the four countries it operates in - Belgium, France, Luxmebourg and Netherlands, now it is time to expand in Europe.
View Financial press rel. (tornado insider)
Read - alarmclock euro quiz (a:c euro)
Posted on March 6, 2007 04:38 PM | Posted to eCommerce | Permalink
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