Monday 7th January, 2013

GT Nexus and TradeCard have announced their plans to join forces. The companies are leaders and pioneers in cloud-based technology platforms that link companies together in commerce networks. Both provide advanced business collaboration networks to better manage physical and financial supply chain processes.

As cloud technology rapidly replaces licensed and installed traditional software in the corporate enterprise, global supply chain management has emerged as the next big opportunity for driving business agility and operational excellence. Merged, the combined entity instantly becomes the world’s biggest cloud information utility, with a global network of over 20,000 businesses spanning every major industry—from retail and apparel to high tech, automotive, heavy industry, consumer products, pharmaceutical, chemicals, commodities, finance and logistics. Together, the companies will manage over $100 billion in direct supply chain trade.

“Both companies share a common technology vision that networked platforms, delivered in the cloud, is the path forward for companies that source and sell goods globally,” said Sean Feeney, CEO of TradeCard. “The strengths of each company are highly complementary and will offer customers a complete solution, covering the entire supply chain execution lifecycle, from sourcing of goods to final delivery and payment.”

The merger brings together GT Nexus, the established leader in cloud-based logistics and global transportation control solutions for manufacturers, retailers and logistics service providers, with TradeCard, the undisputed leader in cloud-based financial supply chain and production visibility solutions for retail and consumer soft goods.

“Our customers are the biggest winners in this merger,” noted Aaron Sasson, CEO of GT Nexus. “It’s a true merger of equals. Together, we offer a single cloud network for enabling business processes across global trade networks—an enormous and still un-tapped opportunity for the vast majority of companies who have been struggling to take their businesses to the next level with complicated ERP systems.”