TradeBeam raises $18 million to expand sales, marketing efforts, increase international operations
San Mateo, CA — November 11, 2004 — Solution provider TradeBeam Holdings has raised $18.25 million in new funding that will go toward expanding the company's sales and marketing activities for its global trade management (GTM) offering, as well as to increase the provider's international operations.
Carlyle Venture Partners, the U.S. venture arm of The Carlyle Group, one of the world's top private equity firms, led the new round of funding, joined by existing TradeBeam investors Sigma Partners, Enterprise Partners Venture Capital, Sprout Group and Silicon Valley Bancventures.
Since its founding, TradeBeam has grown rapidly to become a major player in the GTM marketplace. Through a series of acquisitions and the integration work of its management and product development teams, the company has brought to market a hosted solution that, the provider says, links the physical and financial supply chain and enables companies to manage and execute global trade activities, all from within a single software platform.
More than 3,000 enterprises worldwide are currently using the TradeBeam GTM solution, including such marquee customers as Neiman Marcus, Liz Claiborne, General Motors Holden, Delphi and Stryker Instruments.
According to the solution provider, the new funding will be used to facilitate the expansion of sales and marketing activities and international operations to further establish TradeBeam's position within GTM, a space that many industry analysts are recognizing as increasingly important to the continuing globalization of business. TradeBeam said it also may use the new capital resources to pursue additional acquisitions that support its strategy for long-term growth in the space.
Over the past 18 months, TradeBeam has acquired and integrated other software companies and assets, such as Qiva and SupplySolution, which have helped expand its product capabilities and penetration of key markets.
"Companies are racing to exploit demand opportunities lurking in new global markets," stated AMR Research analyst Greg Aimi in an August 26 brief. "Manufacturing industries are accelerating the use of lower-cost sourcing and offshore manufacturing capacity. Worldwide governments are consistently increasing security regulations especially as it pertains to international movement of goods. All of these combine to accelerate the importance of global trade management for today's business professional."
"The new opportunities and challenges created by the opening of trade lanes around the world are driving companies to explore new ways to leverage technology across the extended enterprise, and TradeBeam is committed to building a strong and sustainable business to serve this need," said Graham R. F. Napier, president and CEO of TradeBeam.
"Global trade management is one of the few un-automated areas of the enterprise and has emerged as the next great opportunity for business process improvement," said Allan C. Thygesen, managing director of The Carlyle Group, who has taken a seat on the TradeBeam board of directors as a result of the investment.
For a look at how Tyco Fire & Security is tackling trade compliance issues in its global supply chain, see "Turning Global Trade Compliance Into a Competitive Advantage," in the August/September 2004 issue of Supply & Demand Chain Executive.
For more information on the challenges and opportunities presented by increasingly global supply chains, see the special in-depth report in the August/September 2004 issue of Supply & Demand Chain Executive, which includes the following articles:
San Mateo, CA — November 11, 2004 — Solution provider TradeBeam Holdings has raised $18.25 million in new funding that will go toward expanding the company's sales and marketing activities for its global trade management (GTM) offering, as well as to increase the provider's international operations.
Carlyle Venture Partners, the U.S. venture arm of The Carlyle Group, one of the world's top private equity firms, led the new round of funding, joined by existing TradeBeam investors Sigma Partners, Enterprise Partners Venture Capital, Sprout Group and Silicon Valley Bancventures.
Since its founding, TradeBeam has grown rapidly to become a major player in the GTM marketplace. Through a series of acquisitions and the integration work of its management and product development teams, the company has brought to market a hosted solution that, the provider says, links the physical and financial supply chain and enables companies to manage and execute global trade activities, all from within a single software platform.
More than 3,000 enterprises worldwide are currently using the TradeBeam GTM solution, including such marquee customers as Neiman Marcus, Liz Claiborne, General Motors Holden, Delphi and Stryker Instruments.
According to the solution provider, the new funding will be used to facilitate the expansion of sales and marketing activities and international operations to further establish TradeBeam's position within GTM, a space that many industry analysts are recognizing as increasingly important to the continuing globalization of business. TradeBeam said it also may use the new capital resources to pursue additional acquisitions that support its strategy for long-term growth in the space.
Over the past 18 months, TradeBeam has acquired and integrated other software companies and assets, such as Qiva and SupplySolution, which have helped expand its product capabilities and penetration of key markets.
"Companies are racing to exploit demand opportunities lurking in new global markets," stated AMR Research analyst Greg Aimi in an August 26 brief. "Manufacturing industries are accelerating the use of lower-cost sourcing and offshore manufacturing capacity. Worldwide governments are consistently increasing security regulations especially as it pertains to international movement of goods. All of these combine to accelerate the importance of global trade management for today's business professional."
"The new opportunities and challenges created by the opening of trade lanes around the world are driving companies to explore new ways to leverage technology across the extended enterprise, and TradeBeam is committed to building a strong and sustainable business to serve this need," said Graham R. F. Napier, president and CEO of TradeBeam.
"Global trade management is one of the few un-automated areas of the enterprise and has emerged as the next great opportunity for business process improvement," said Allan C. Thygesen, managing director of The Carlyle Group, who has taken a seat on the TradeBeam board of directors as a result of the investment.
For a look at how Tyco Fire & Security is tackling trade compliance issues in its global supply chain, see "Turning Global Trade Compliance Into a Competitive Advantage," in the August/September 2004 issue of Supply & Demand Chain Executive.
For more information on the challenges and opportunities presented by increasingly global supply chains, see the special in-depth report in the August/September 2004 issue of Supply & Demand Chain Executive, which includes the following articles:
- Making Global Supply Chains Work Supply and demand chain practitioners take on the challenges and opportunities of world marketplace.
- The Hidden Costs of a Global Supply & Demand Chain - Veteran industry observers warn of potential hidden costs of offshoring.
- Mastering the Complexity Challenge in the Global Supply Chain - While many companies are acting globally, they are still thinking locally.
- Ensuring Security of Supply in the Lean Supply Chain - Balancing the demands of security with the requirements of today's lean supply chains
- The World Is Enough - Making the global high-tech supply chain more accessible.
