Vastera Adds to S. American Capabilities

Brazilian acquisition extends trade management company's reach

Dulles, VA  April 12, 2002  Vastera, a provider of solutions for global trade management (GTM), has acquired Bergen Informatica, the leading provider of software solutions for GTM in South America.

Vastera's solutions include software, trade management consulting and managed services, all built on the company's Global eContent, an application with country-specific trade and regulatory content that is updated daily.

Bergen, founded in 1989, has more than 50 employees and 200 customers, including Ford, Volkswagen, Renault, Philips, Nokia, Johnson & Johnson, Texas Instruments, Bayer, Pfizer and Whirlpool.

Through the acquisition, Vastera will gain software capabilities specific to South America, including among others, import/export compliance, shipment document generation, trade finance and currency conversion, customs entry and duty drawback.

As with other recent acquisitions, Vastera plans to assimilate Bergen's software capabilities into its global TradeSphere suite via its collaborative platform.

In addition to technology, Bergen will provide Vastera with trade expertise and established relationships with government agencies that, when combined with its software, will serve as Vastera's platform for managed services in South America.

"The ability to provide a single integrated solution that optimizes the entire global trade process around the world, and drives significant efficiencies through standardization is fundamental to our strategy," said Mark Ferrer, president and CEO of Vastera. "As the leading provider of GTM solutions in South America, Bergen supports that strategy very well."

Ferrer added that the addition of the Bergen offering gave Vastera a uniform platform covering the territory from Canada to Chile, in addition to the company's existing European capabilities.

"We share Vastera's vision of providing a single global solution for trade," said Sergio Pripas, founder and president of Bergen.