GT Nexus is a specialist in cloud-based software for global transportation and trade, serving manufacturers, retailers and logistics service providers. Its tools foster collaboration and optimization of the flow of goods and trade data, from order point to final payment. TradeCard provides retailers, suppliers and service providers with sourcing support across multiple aspects of the supply chain. Its TradeCard platform manages transaction flows from purchase order through production tracking, shipment and payment. The combined company will be headquartered in Oakland, CA and maintain a network of regional offices around the world. TradeCard chief executive officer Sean Feeney will serve as CEO, while GT Nexus CEO Aaron Sasson will be chairman of the board, and TradeCard founder Kurt Cavano will be vice chairman. The transaction is expected to close in early 2013, subject to regulatory approval. The companies have yet to disclose the name of the new entity.

Read Full Article