TradeCard

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TradeCard, Inc.
Type Private
Industry Software, Information Technology
Founded 1999
Founder(s) Kurt Cavano
Headquarters New York City, United States
Area served Global
Key people Sean Feeney, Chief Executive Officer; Kurt Cavano, Founder, Chairman and Chief Strategy Officer, Guy Rey-Herme, President and Chief Operating Officer
Products supply chain management software
Services procure to pay, trade finance, work in process tracking, pack and scan, shipment building, purchase order collaboration
Owner(s) Warburg Pincus
Employees 400
Website http://www.TradeCard.com

TradeCard, Inc. was an American software company. Its main product, also called TradeCard, was a SaaS collaboration product that was designed to allow companies to manage their extended supply chains including tracking movement of goods and payments.[1] TradeCard has improved visibility, cash flow and margins for over 10,000 retailers and brands, factories and suppliers, and service providers (financial institutions, logistics service providers, customs brokers and agents) operating in 78 countries.[2]

Deloitte cited TradeCard for its entrepreneurial and disruptive cloud technology enterprise resource planning solution that provides new IT architectures designed to address unmet needs of enterprises.[3] TradeCard is headquartered in New York City, with offices in San Francisco, Amsterdam, Hong Kong, Shenzhen, Shanghai, Taipei, Seoul, Colombo and Ho Chi Minh City.[4]

On January 7, 2013, TradeCard and GT Nexus announced plans to undergo a merger of equals, creating a global supply-chain management company that would employ about 1,000 people and serve about 20,000 businesses in industries including manufacturing, retail and pharmaceuticals. The combined company rebranded itself as GT Nexus. [5]

History

TradeCard was founded in 1999 by Kurt Cavano as a privately owned firm. Warburg Pincus led three rounds of investments.[6] In 2011, TradeCard’s revenue grew by 36% over the previous year, and the company claimed on its website that it handled $25 billion in sourcing volume on its platform, by 10,000 organizations and 45,000 unique users.[7] In 2012, founder and CEO Kurt Cavano transitioned to the Chairman role and Sean Feeney was appointed CEO.[8]

Clients

TradeCard provides global supply chain and financial supply chain products to retaile companies, factories and suppliers, and service providers (financial institutions, logistics service providers, customs brokers and agents). Clients include retailers and brands such as Coach, Inc.[9] Levi Strauss & Co., Columbia Sportswear, Guess (clothing), Rite Aid,[10] and Perry Ellis International.[11]

Awards

  • 2012 Best Platform Connecting Buyers, Suppliers and Financial Institutions by Global Finance[12]
  • 2012 Supply and Demand Chain 100[13]
  • 2012 Pros to Know by Supply and Demand Chain [14]
  • 2011 Top Innovator by Apparel Magazine [15]
  • 2011 Great Supply Chain Partner by SupplyChainBrain[16]

References

  1. ↑ TradeCard: Building a Global Trading Electronic Payment System
  2. ↑ Reuters: TradeCard CEO to Share Strategies for Driving Supply Chain Value and Mitigating Risk at Prime Source 2012
  3. ↑ Bloomberg: Cloud Computing’s Stormy Future
  4. ↑ Yahoo Finance
  5. ↑ "GT Nexus and TradeCard merging". San Francisco Business Times. 2013-01-08. 
  6. ↑ TradeCard Closes $10 Million in Series C Equity Round
  7. ↑ TradeCard History
  8. ↑ With New Office in Vietnam, TradeCard Expands Presence in Southeast Asia to Support Growing Trade Flows
  9. ↑ US: Coach selects Tradecard for supply chain collaboration
  10. ↑ Yahoo Finance: TradeCard Appoints New CEO to Realize Business Growth Potential
  11. ↑ Perry Ellis International Extends TradeCard Functionality to Streamline Trade and Deductions Management
  12. ↑ Best Supply Chain Finance Providers 2012: Global Winners
  13. ↑ Supply and Demand Chain Executive’s 100 Awards recognize the supply chain’s 100 most innovative projects of 2012
  14. ↑ Supply and Demand Chain Executive Announces 2012 Pros to Know
  15. ↑
  16. ↑ TradeCard Selected to 2011 Great Supply Chain Partners

External links

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