16 million EDI documents exchanged in the Baltics via Telema
Jan 30, 2019
In 2018, Telema network processed more than 16 million EDI documents. This is an all time-record for the EDI and e-invoice operator Telema. In total, over 13 000 new EDI connections (connection between shop and supplier) were created over 2018, annual growth being 14%.
“Last year we saw growth in our network in Estonia, in Latvia as well as in Lithuania. However, we still see a great growth potential in our sector, which we plan to realize in next years to come”, said Telema CEO Hele Hammer.
For Telema, year 2018 proved very successful also in terms of geographical expansion. When in January Telema had customers in 23 different countries, then by the end of the year it had increased to 35 countries. Behind this advancement is Telema eFlow‘s great welcome by multinational companies.
At the end of the year, Telema accomplished its first M&A transaction ever, acquiring eAgent business division from Latvian company ePasaule. “We believe this addition to our solution portfolio will help Telema to secure our market leader position in Baltics for years to come”, commented Hele Hammer.
Estonian IT company Telema has been in EDI business since the year 2000. Telema transfers, converts, monitors and processes EDI trade documents such as orders, shipping notices and invoices. There are over 4400 shops and over 1200 suppliers in Telema system. Majority of Telema clients are from the Baltic states, but there are clients also in Finland, Poland, Denmark, Germany, Netherlands, Japan and Australia. Telema has 35 employees and its offices are located in Tallinn, Riga and Vilnius.