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Markit

Centralized IT procurement platform for enterprises

Overview

Markit runs a centralized IT procurement platform used by international clients in 45 countries. It sells a wide range of over 5 million IT products—from toner to servers—supplied by leading IT distributors and acts as the sole supplier rather than a broker, which provides transparency and efficiency in purchasing. The platform enables large multinational corporations to centralize procurement while delivering locally within 48 hours, combining centralized purchasing with fast local delivery. Revenue comes from selling IT products and services, supported by a network of over 350 real-time IT catalogue feeds. The company emphasizes high customer satisfaction (Net Promoter Score 78.6%) and pursues sustainability and community engagement through environmental and social initiatives.

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About Markit

Simplify's Rating
Why Markit is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & AnalyticsHardwareEnterprise Software

Company Size

201-500

Company Stage

Growth Equity (Non-Venture Capital)

Total Funding

$2.2M

Headquarters

Tallinn, Estonia

Founded

2003

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Simplify's take

What believers are saying

  • DIDWW partnership on June 23, 2026 strengthens global communications across 50+ markets.
  • Markit's 2026 expansion to Morocco shows continued geographic growth momentum.
  • 2025 annual report and updated site show 50-country scale, supporting enterprise sales credibility.

What critics are saying

  • 2025 profit was minus €1.66 million despite €19.7 million revenue, pressuring hiring.
  • Fairmarkit's 2026 AI sourcing push attacks Markit's procurement workflow and pricing transparency.
  • If distributor coverage thins or service slips, multinationals can switch platforms quickly.

What makes Markit unique

  • Marketplace-as-a-Supplier makes Markit the sole seller, not a broker.
  • Six million products and 350+ live distributor feeds enable real-time pricing.
  • Local delivery within 48 hours across 50 countries simplifies multinational procurement.

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Funding

Total Funding

$2.2M

Above

Industry Average

Funded Over

1 Rounds

Growth Equity Non VC funding comparison data is currently unavailable. We're working to provide this information soon!
Growth Equity Non VC Funding Comparison Coming Soon

Benefits

  • Paid Vacation
  • Paid Sick Leave
  • Paid Holidays
  • Performance Bonus

Growth & Insights and Company News

6 month growth

2%

1 year growth

1%

2 year growth

1%
DIDWW
Jun 23rd, 2026
Markit solves cross-border communications for 50+ markets with DIDWW's phone.systems(TM).

Markit solves cross-border communications for 50+ markets with DIDWW's phone.systems(TM). Dublin - June 23, 2026 - Markit, an IT e-procurement platform for managing and automating IT purchasing, has partnered with DIDWW, a global telecom provider of fully compliant phone numbers and premium-quality voice and SMS services. Together, they are bringing seamless communications and global connectivity to Markit's operations through DIDWW's cloud PBX solution, phone.systems(TM), alongside two-way SIP trunking services. Founded in Estonia in 2003, Markit has grown into one of the world's leading IT procurement marketplaces, giving thousands of organizations access to over six million products from the world's top distributors. Its "Marketplace-as-a-Supplier" model has helped multinational businesses cut costs, reduce admin, and simplify purchasing - all from a single platform. But growth across 50+ countries brings a communications challenge that's easy to underestimate. Customers in different time zones expect local phone numbers, responsive support, and seamless service, regardless of where Markit's teams are based. Stitching that together across dozens of markets, without complexity or gaps in service, is what led Markit to phone.systems(TM). phone.systems(TM), DIDWW's AI-powered cloud PBX solution, is built for exactly this kind of challenge. Rather than managing a patchwork of regional phone systems, Markit's teams now operate from a single, centralized environment - with dedicated local phone lines across multiple countries, reliable inbound and outbound calling, and two-way SMS messaging wherever their customers are located. Throughout the rollout, DIDWW's responsive support team provided consistent guidance, helping Markit optimize the platform to meet the full demands of its global operations. Marco Evolini, Regional Manager at Markit, said: "We were growing fast, but our communications weren't keeping up. Managing calls and customer support across dozens of markets was becoming a real operational challenge. With phone.systems(TM), we finally have one system that works everywhere we do - and DIDWW's team made the whole process straightforward from day one." Vladas Juozapavicius, phone.systems(TM) Product Manager at DIDWW, commented: "Markit represents the type of globally distributed organization that needs truly scalable and flexible communication infrastructure. With phone.systems(TM), its teams can manage regional call routing, timezone-aware workflows, and localized customer interactions across numerous international markets. We are delighted to support Markit's continued growth and look forward to a long and productive partnership." About Markit Markit is a global B2B IT marketplace and procurement solution operating across 50 countries. Moving away from traditional multi-vendor bidding, Markit's transparent "Marketplace-as-a-Supplier" model gives large international companies unified access to a real-time catalogue of over six million IT hardware products and accessories. Trusted by leading global organizations and holding a world-class Net Promoter Score of 70+, Markit dramatically lowers unit prices and administrative workloads for IT e-procurement teams everywhere. About DIDWW DIDWW is a licensed telecom operator specializing in fully compliant virtual phone numbers, voice and messaging services across 90+ countries. The company is continuously expanding its coverage and currently holds telecom licenses in 30 countries, with its own numbering resources in 19 of those regions. Built on a secure, geo-redundant private network, the platform enables telecom operators and service providers to scale communications services with reliability and regulatory compliance. DIDWW also employs automated quality and abuse monitoring, all supported by a professional, in-house customer support team available 24/7/365. Press Contact: Vilija Simkiene Marketing Department [email protected] www.didww.com

Markit
Oct 18th, 2024
Next stop, Morocco - Markit goes live in the 48th country!

Making October exciting with an update - Markit group is thrilled to announce that Markit has officially expanded to Morocco, marking its presence now a reality 48 countries of the world!

Markit
Oct 27th, 2023
NEW MARKIT FUNCTIONALITY TO SUPPORT SUSTAINABLE IT PROCUREMENT

MarkIT Eesti AS is pleased to announce the launch of the first version of its Last Mile Distance Calculator to help companies who wish to reduce the environmental impact of their IT hardware and accessories deliveries.

TipRanks
Sep 22nd, 2023
Stock Market News Today, 9/22/23 - Stocks Finish Mixed amid Hawkish Fedspeak

Earlier today, Markit released its preliminary monthly report for the U.S. Services Purchasing Managers' Index, which measures the activity levels of purchasing managers in the service sector.

Markit
Jan 8th, 2022
MarkIT Eesti AS recognized as finalist at 2022 World Procurement Awards

The World Procurement Congress, where Markit was nominated as a finalist at the 2022 World Procurement Awards.

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