TradeBeam Sees Growth in Global Trade Management

Increasing cross-border trade escalates demand for GTM solutions, enabler says

Increasing cross-border trade escalates demand for GTM solutions, enabler says

San Mateo, CA — February 14, 2006 — TradeBeam, a provider of global trade management (GTM) software and services, continued its growth curve in 2005, acquiring a number of customers, expanding globally, making key executive hires and continuing development of its on-demand GTM product suite.

New clients for TradeBeam in 2005 included global retailers DFS and Redcats and manufacturers such as Laurel Industrial and Air International. TradeBeam said it continued to gain traction in such other market segments as high technology and banking, as well as the government vertical, building from the successful deployment of a GTM solution for the Department of Homeland Security's Operation Safe Commerce initiative.

The solution provider also continued its global expansion with the launch of operations in India, which follows the build-out of sales and operational units in Europe and on the Pacific Rim.

TradeBeam also continued to expand its management team, adding Jerry Dolinsky, a 20-year software industry veteran most recently with Retek. Jerry joined as executive vice president of worldwide field operations. Another hire was Andy Salentine, who joined TradeBeam from Vastera, which acquired the software company he co-founded.

Through development and mergers and acquisitions activity, TradeBeam has assembled what it calls "an end-to-end GTM product suite" used by people in more than 100 countries. The suite covers import and export compliance, landed cost, inventory management, shipment tracking, supply chain event management, as well as letter of credit, invoice and open account management.

TradeBeam said that it made significant progress last year toward integration of the suite. Chiefly, integration of new trade content from the Open Harbor acquisition was completed mid-year, providing a centralized repository of global trade content containing millions of trade rules from more than 50 countries around the world.

"We executed very well last year toward our vision of linking companies' physical and financial supply chains after reaching a number of key milestones in 2005," said Graham R. F. Napier, president and CEO of TradeBeam. "Global trade and logistics are among the world's most complex businesses, and there is plenty of room to drive efficiency. The exponential growth of global trade and logistics is driving tremendous demand for GTM solutions that help automate and drive costs out of those business processes."

Additional Articles of Interest

— Imminent terrorist attacks or no, your competitive advantage demands that you secure your company's supply chain. Read more in "Supply Chain Security: Is Your Company Complacent or Engaged?," in the February/March 2005 issue of Supply & Demand Chain Executive.

— 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.