Press Release: TradeBeam Continues Rapid Global Expansion
October 26, 2005
TradeBeam Continues Rapid Global Expansion
Wednesday October 26, 8:00 am ET
"We are excited to expand our global presence and further enhance our solution footprint to position the company for continued growth," said Graham R.F. Napier, president and CEO of TradeBeam. "By establishing sales and operational units worldwide, we are capitalizing on the growing demand for GTM solutions that integrate physical and financial supply chains across borders to help improve global trade processes."
TradeBeam has aggressively established global operations over the past 18 months launching sales and support units in the United Kingdom, France, Germany, Australia and most recently, China and India. By providing the world's first full-featured GTM solution suite to China, TradeBeam is helping local companies address the critical and growing challenges in managing trade. Using TradeBeam's GTM solution, Chinese companies will have the ability to automate customs filings, manage global orders and logistics tracking as well as invoicing and trade finance. In addition, TradeBeam's India operations will help the company expand its international team of engineers, fuel the development of new applications and focus on sales activities.
"With the rapid growth in cross-border trade, it's important that we have an increased international presence to ensure the success of our customer's global logistics and financial settlement initiatives," said Jerry Dolinsky, executive vice president of Worldwide Field Operations for TradeBeam. "As the GTM market leader, we are committed to expanding our resources and capabilities to further improve global trade operations."
TradeBeam's comprehensive GTM platform is currently being used by thousands of customers worldwide. In fact, more than half of the Tier 1 global OEM automotive parts suppliers are using one or more of the company's applications. The company also processes billions of dollars in letters of credit annually.
TradeBeam is a Global Trade Management software and services company providing solutions that streamline global trading processes for enterprises and their partners. TradeBeam's integrated solutions provide import and export compliance, inventory management, shipment tracking, supply chain event management and global trade finance solutions such as open account and letter of credit management. TradeBeam has over 3,000 customers with users in over 100 countries worldwide. For more information, please visit www.tradebeam.com.
TradeBeam and logo, TradeBeam 3.0 GTM Application Suite, i-Supply, and TradeBeam Solution Blueprints are trademarks and/or registered trademarks of TradeBeam, Inc. and/or SupplySolution, Inc. TradeBeam, Inc. and SupplySolution, Inc. are wholly owned subsidiaries of TradeBeam Holdings, Inc. All other company, product and brand names are trademarks of their respective owners.