GT Nexus and TradeCard Announce Merger

Companies combine to form global cloud-based business network for global trade and supply chain management


Oakland, Calif.Jan. 7, 2013—Cloud-based logistics and global transportation control solutions provider GT Nexus and cloud-based financial supply chain and production visibility solutions provider TradeCard Inc. entered into a definitive merger agreement to form the world’s largest cloud-based business network for global trade and supply chain management.

“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, Chief Executive Officer of TradeCard Inc. “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.”

Feeney will lead the merged company as Chief Executive Officer; GT Nexus Chief Executive Officer Aaron Sasson will be Chairman of the Board; and TradeCard Founder Kurt Cavano will be Vice Chairman.

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.

The merger brings together GT Nexus and TradeCard to become the world’s biggest cloud information utility, with a global network of over 20,000 businesses spanning every major industry including retail and apparel; 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 provide and operate advanced business collaboration networks that global companies rely on to better manage physical and financial supply chain processes on a global scale with thousands of trading partners.

“Our customers are the biggest winners in this merger,” said Aaron Sasson, Chief Executive Officer, 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 untapped opportunity for the vast majority of companies who have been struggling to take their businesses to the next level with complicated ERP systems.”

The company will be headquartered in Oakland, Calif. and will have a global presence with a network of regional offices around the world.

The merger is subject to customary closing conditions and clearance from antitrust regulatory authorities. The transaction is expected to close in early 2013.

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