Brightpearl’s retail customers' growth exceeds retail industry average

Brightpearl’s customers’ sales grew at 35% in 2011 compared to single digit growth of the industry at large

Bristol, UK - March 29 2012 - Brightpearl, a pioneering vendor of cloud-based software for small retailers, today announces impressive customer growth figures bucking industry trends. Brightpearl’s software has helped its customers see exceptional growth, with like-for-like sales growth of 35% between February 2011 and February 2012. This is compared to retail industry figures indicating year on year growth of just 4.6% for US Retail Sales (Census Bureau).

These healthy figures come in what continues to be a bleak period for retailers, with rising vacancy rates in US malls at over 9%, according to the Reis Inc.

Salman Malik, CEO of Brightpearl comments: “We are delighted to see that the growth of our customers’ sales outstrips key retail index figures over the past year.  These are small businesses, growing at a phenomenal rate in one of the toughest business climates in living memory. We’re honoured to be the platform they chose to underpin their fast-growing businesses.

“We are totally focused on delivering a business platform that helps them sell through more channels-- online and offline--while keeping their critical business information completely co-ordinated.”

About Brightpearl

Brightpearl is powerful-yet-simple retail and inventory management software that helps small- and medium-size retailers and wholesalers expand and compete with larger rivals by streamlining sales and supply chain functions across multiple online and offline channels. Brightpearl’s cloud-based software and services enable multichannel merchants to manage the heart of their business by combining purchasing, inventory management, CRM, order processing, accounting, fulfillment, and reporting into a single reliable platform. Founded in 2007 with offices in the U.S. and UK, Brightpearl is used by more than 1,400 merchants around the world. For more information, visitwww.brightpearl.com or @BrightpearlHQ.

Media Contact:

Grainne Shaughnessy
media@brightpearl.com
+44 (0)117 981 7361