Press Release: May 05, 2016
Powerlinx, a global innovator in the partner economy, today announced that it has significantly enhanced its company-matching technology by expanding its database of potential matches to over 52 million companies, as active business growth opportunities on the platform are valued well into the billions. This achievement, reached during the annual National Small Business Week in the US, further positions Powerlinx as the partnership platform of record for small businesses to collaborate and achieve growth-oriented goals via its proprietary company matching engines.
“What makes this milestone so remarkable is that it advances our company-matching capabilities — what we call the PowerScore,” said Steve Gasner, Chief Data and Analytics Officer of Powerlinx. “Accurate company matching requires detailed information about member companies and prospective partners. So we’ve built a semantically powered data mining process that can extract relevant information from business activities driven from company descriptions with unparalleled speed and accuracy.”
Powerlinx is a unique business growth platform that matches companies to strategic growth and partnership opportunities using its Partner Graph™, a pioneering technique that maps the compatibility of meaningful partner relationships between companies. The Partner Graph model generates measurements of a platform member’s match compatibility to each company within the Powerlinx database (52M and growing) — branded as The PowerScore™.
Match recommendations with the highest PowerScores are most likely to result in a successful outcome. The matching algorithm draws on a deep inventory of quantitative and qualitative data that contribute to successful partnerships, including mutual objectives, business characteristics, past performance and industry trends.
“Surpassing 50 million companies globally in the database marks a paradigm shift in today’s new economy,” said Doron Cohen, Powerlinx co-founder and current chairman of Dun & Bradstreet Israel. “With signs of global economic tightening, partnerships have become central to the supply chain of many companies, not to mention, new sources of revenue. Small businesses can now access big data-driven partnership recommendations — at a fraction of the cost of traditional advisory services.”
Last week, consulting firm EY reported in its semi-annual corporate deal-making survey that partnership deals are on the rise, driven by recent global economic tightening, prolonged low inflation and uncertainty in recent digital innovation.
In addition, the 2014 CMO Council/Business Performance Innovation (BPI) Network study concluded that 85% of companies think that finding the right strategic partner is essential to grow, 57% are spending $100,000 on average each year on this search, and 74% would like to have an automated solution to help them to find and connect to some potential strategic partners.
The US National Small Business Week is an annual recognition event celebrating small businesses in America. To celebrate National Small Business Week 2016, Powerlinx has launched an educational resources hub to provide small companies tools and research to help facilitate a strategic partnership. Visit http://www.powerlinx.com/small-business to learn more.
The platform now boasts over 44,000 members from more than 165 countries. Each of them is seeking other companies they can partner with to expand their business. These “Opportunities” include integrated supply chain agreements, joint venture partnerships to enter new markets, mergers and acquisitions, technology agreements and capital projects. To date, Powerlinx users have listed more than 15,000 Opportunities, valued in the billions of USD. In March 2016, Powerlinx launched out of public beta with the introduction of its Premium Subscription Services.
Founded in 2012 by leaders in corporate data, Powerlinx created the world’s first and most powerful business-to-business matching platform that allows companies of any size or sector to uncover growth opportunities through strategic collaboration. The platform uses its extensive global database and unique business intent clarification engine to connect businesses based on clearly-defined growth objectives (including geographic expansion, finding new suppliers, product diversification, mergers and acquisitions, joint ventures and raising capital) and then facilitates introductions. Business leaders seeking new partnership opportunities can also browse through the more-than 15,000 on-platform opportunities cumulatively valued in the billions of dollars, as of May 5, 2016. Additional information is available at http://www.powerlinx.com.
Powerlinx statistics (as of May 5, 2016):
Direct access to 52+ million company records across the world
Global member base spanning over 165 countries
Platform focus on small- and medium-sized companies in all sectors, including conventional industries such as industrial agriculture, logistics, healthcare, robotics, import/export & trade services, and much more
Approximately 700,000 company matches generated since June 2015
Approximately 15,000 opportunities are currently listed on the platform for users to browse; cumulative value of opportunities in the billions of USD
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