Crowdsourced market intelligence company Chaordix has had its strongest quarter ever, and overall successful performance results for Q3 2011, growing its crowdsourcing-generated revenues for the quarter, up by 193% from Q2 2011. This represents an increase of 86% in annual revenues compared to the same period a year ago.
New partnerships with FutureBrand, Genius Crowds, Intersol Group Ltd., and New Dialogues in The Netherlands, as well as continued growth in its direct client base, have contributed to this success. Chaordix crowdsourcing programs are now run in multiple languages including English, German, French, Spanish, Portuguese, Mandarin, Swedish and Bahasa.
“Our consistent strong growth in crowdsourcing projects and partnerships with new partners worldwide positions Chaordix well for continued and global market expansion,” said Shelley Kuipers, CEO of Chaordix. “The distinction between product, brand and market is quickly blurring. Companies are beginning to realize that there is a huge advantage in identifying with their consumers and other stakeholders to gain a deeper understanding of the market and brand opportunities. For these companies, the benefits of our Crowd Intelligence™ programs become obvious.”
Chaordix launched Crowd Intelligence™ which applies unique new methods of crowdsourcing and data analysis to generate new levels of rich market insight and data that would be difficult, if not impossible, to acquire through traditional research methods. With the Crowd Intelligence™ approach, our clients can simultaneously co-create new products and services, clarify the market opportunity for those new products, map out the best go-to-market strategy and understand the competitive landscape, in a far shorter time and with greater cost efficiency than with traditional R&D and market research methods.
Further highlights from Chaordix’ Q3 include new additions to the Board of Directors with the recent appointment of Carol Leaman and Ken Wilson. In addition to its Calgary head office, and Boston location, Chaordix now has offices in London and New York.