Sydney, NSW -- (SBWIRE) -- 11/11/2010 -- In recognition of excellence on the international stage GenericsWeb, a supplier of premium patent intelligence products to the Pharmaceutical Industry, has been awarded the New South Wales export award in the Small to Medium Business Services category. Beating five other NSW category finalists, the win progresses GenericsWeb to compete as a finalist of the Australian Export Awards.
GenericsWeb’s CEO Leighton Howard said of the award “I feel honoured and immensely proud of our global team that has contributed to this success. With only 3% of our revenue arising from domestic sales in the past financial year GenericsWeb has proven that Australian talent can take on the world in the B2B services sector.”
GenericsWeb is headquartered in Sydney, Australia and has established offices in North America and Europe. In the 2009-2010 FY GenericsWeb overcame considerable economic difficulties in key export markets to increase European revenue by 39%, North American revenue by 37%, and Asia-pacific revenue by 85%.
This was achieved by continued investment in sales and marketing and product development. Second year sales of a new product continue to expand rapidly and have experienced a 93% renewal rate, cementing GenericsWeb’s place as the third major player in a space that has been dominated by multi-billion dollar incumbents.
“Taking on multi-billion dollar overseas competitors is no simple task” continued Howard, “it requires a great many committed and talented individuals to grow the GenericsWeb brand and ensure that we are able to deliver on the promises the brand represents.”
Said Ian Murray AM, Executive Director, Australian Institute of Export “There are a large number of awards programs across our state, but there is only one that recognises excellence on the international stage. One thing that is certainly apparent, exporters in New South Wales are strong adopters of technology and it is technology that allows them to take on the world and win. It’s great to recognise excellence, but even greater to recognise those who compete against the best the world has to offer. We salute you. Congratulations. ”
GenericsWeb will attend the final of the 48th Australian Export awards to be held in Sydney next month, where the Prime Minister’s Australian Exporter of the Year will also be announced.
About GenericsWeb
GenericsWeb the leader in pharmaceutical patent analysis and searching, holds an impeccable track record in providing quality patent information through online delivery tools, and has allowed numerous pharmaceutical companies to successfully navigate intellectual property hazards. Founded in 1999, GenericsWeb has customers in over 40 countries, including small and large generic and innovator pharmaceutical companies, legal firms, patent attorneys and government organisations.
For more information, visit the company's web site at http://www.genericsweb.com