Markit

Company Overview

Markit was born in Tallinn, Estonia. We started with the drive of the founders to change IT purchasing forever - to make it simple, transparent, open and efficient. Starting off in 2003 the company quickly established itself as a regional market leader in the Baltics for B2B IT purchasing. The idea was simple provide companies with a service that would enable direct purchasing of IT products from the distributors. Previously the usual model for acquiring IT products meant asking multiple quotes from re-sellers or announcing a tender with a process that took months to pursue. At the same time the commoditisation of IT products had fast begun and Markit was marshalling the change. Purchase what you need - when you need it, with a market price, direct from distributors and do it online. In 2006 the company raised a round of capital from Ambient Sound Investments (www.asi.ee) - the investment company of the four founding engineers of Skype. Markit was one of ASI first major investments and