2003
MarkIT was the first online IT purchasing system in the Baltics and also pioneered the business-model of connecting distributors to form a real time IT market. The founders core ambition was to change IT purchasing with an efficient and transparent model. The system was quickly adopted by many leading Estonian companies and turnover reached 2,9 mio EUR.
2004
By establishing operations in Latvia and Lithuania MarkIT became the only e-purchasing system for IT-goods covering all the Baltic countries. More than 400 companies were using MarkIT. Turnover increased to 3,7 mio EUR.
2005
MarkIT established operations in Finland through an aqcuisition of a leading local IT e-commerce player E-kanava. Strong growth in the Baltic markets increased revenue to 5,3 mil EUR. Preparations for expansion to CEE markets.
2006
With strong organic growth the acquisition of Zebra.ee in Estonia, MarkIT becomes the biggest B2B IT seller in the Baltic region. Turnover triples to reach 18 mil EUR.
2007
MarkIT opens in Czech Republic, Hungary and Slovakia and now covers 7 European markets. Based on the first years results MarkIT Czech is the best ever market launch for the company. Organic growth increases revenue to 20,5 mil EUR.
2008
MarkIT launches significantly improved new version of the software platform (code-named M2). Poland goes live in Q1. Slovenia, Austria, Sweden and Spain launches take place in Q3. Organic growth and an acquisition in Latvia ensures that despite the cooling economy revenue increases to 24,7 mil EUR.
2009
Expansion continues with the opening of local sites in UK, Germany, Denmark and Norway. Revenue decreases to 19,5 mil EUR due to the global recession, but MarkIT strongly outperforms the troubled Baltic IT market and doubles market share in the region.
2010
MarkIT continues its geographical expansion and extends operations to 21 countries. Latest additions include Belgium, Holland, Switzerland and Italy. Any lingering effects of the recession are shrugged off by a 42% revenue growth to 27,5 mil EUR.
