Acquisition completes global trade management platform for importers, exporters, integrated carriers and logistics service providers
East Rutherford, NJ — October 25, 2005 — Management Dynamics, a provider of global trade management solutions, today announced that it has acquired NextLinx Corp., a developer of international trade compliance technology and content. Management Dynamics said it expects the acquisition to combine the strengths of both organizations to offer a portfolio of enterprise software and on-demand services, powered by content, to plan, optimize and execute global trade operations. Terms of the deal were not disclosed.
Global trade management (GTM) is a category of supply chain software companies can use to implement global sourcing strategies and improve the efficiency of their value chains from supply to demand. Founded in 1994, NextLinx made its niche by providing enterprise software and integrated content solutions for Global 1000 enterprises. Today, NextLinx has over 70 customers worldwide, including such companies as Boeing, Cisco Systems, UPS and VF Corp.
NextLinx's international trade compliance software and content complements our logistics contract management and supply chain visibility offerings to establish a complete GTM solution set, said Jim Preuninger, CEO of Management Dynamics.
The new suite of GTM solutions from Management Dynamics provides a technology platform that automates import, export and trade agreement processes; optimizes global transportation and inventory costs; and helps to ensure that a company's cross-border transactions are in compliance with all government regulations.
NextLinx has improved its competitive position by joining with a well-established logistics suite vendor. Aberdeen expects NextLinx to continue delivering best-of-breed trade content and software under its new owner, said Beth Enslow, vice president Enterprise Research, Aberdeen Group. Moreover, Management Dynamics brings years of experience in on-demand services, which should translate into increased deployment and functionality innovation.
NextLinx founder Rajiv Uppal has been a pioneer of the global trade automation movement for over two decades, and he was recognized in 2004and 2005as a Provider Pro to Know by Supply & Demand Chain Executive magazine. In his new role as chief software architect, Uppal will lead the overall strategy, product direction and development team for the combined company.
This is an exciting opportunity for the NextLinx family as I am convinced that the joint capabilities of our two companies present a compelling proposition to the market, and I look forward to executing on Management Dynamics' mission to become the market leader in Global Trade Management, commented Uppal.
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.
More articles about global trade management.
