TradeCard explained

TradeCard, Inc.
Type:Private
Foundation:1999
Founder:Kurt Cavano[1] [2] [3]
Defunct:2013
Location City:New York City
Location Country:United States
Area Served:Global
Industry:Software, Information Technology
Products:supply chain management software
Services:procure to pay, trade finance, work in process tracking, pack and scan, shipment building, purchase order collaboration
Owner:Warburg Pincus
Num Employees:400

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.[4] TradeCard software helped to improve 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.[5]

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.[6]

History

TradeCard was founded in 1999 by Kurt Cavano as a privately owned firm.

In 2003, Warburg Pincus led three funding rounds, with TradeCard closing $10 million.[7]

In 2010, 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.[8]

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.[9] In 2012, founder and CEO Kurt Cavano transitioned to the Chairman role and Sean Feeney was appointed CEO.[10]

TradeCard was headquartered in New York City, with offices in San Francisco, Amsterdam, Hong Kong, Shenzhen, Shanghai, Taipei, Seoul, Colombo and Ho Chi Minh City.[11]

Clients

TradeCard provided global supply chain and financial supply chain products to retail 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.[12] Levi Strauss & Co., Columbia Sportswear, Guess, Rite Aid,[13] and Perry Ellis International.[14]

Awards

Notes and References

  1. Web site: 2015-08-26. Interview: Kurt Cavano on "the Uberfication of everything". 2020-06-25. www.just-style.com.
  2. Web site: StackPath. 2020-06-25. www.mhlnews.com.
  3. Web site: Todaro. Mike. Kurt Cavano's Insights About Sri Lanka Actually Apply To You Too AAPN. 2020-06-25. news.aapnetwork.net. en-US.
  4. http://hbr.org/product/tradecard-building-a-global-trading-electronic-pay/an/HKU105-PDF-ENG TradeCard: Building a Global Trading Electronic Payment System
  5. https://www.reuters.com/article/2012/03/27/idUS10009+27-Mar-2012+MW20120327 Reuters: TradeCard CEO to Share Strategies for Driving Supply Chain Value and Mitigating Risk at Prime Source 2012
  6. News: GT Nexus and TradeCard merging. San Francisco Business Times. January 8, 2013.
  7. http://www.prnewswire.com/news-releases/tradecard-closes-10-million-in-series-c-equity-round-73049162.html TradeCard Closes $10 Million in Series C Equity Round
  8. Web site: Bloomberg: Cloud Computing's Stormy Future . September 14, 2010 . dead . https://web.archive.org/web/20120917171939/http://www.bloomberg.com/news/2010-09-14/cloud-computing-s-stormy-future.html . September 17, 2012 .
  9. http://www.tradecard.com/about-tradecard/brief-history/ TradeCard History
  10. https://archive.today/20130216185912/http://www.seattlepi.com/business/press-releases/article/With-New-Office-in-Vietnam-TradeCard-Expands-4076936.php With New Office in Vietnam, TradeCard Expands Presence in Southeast Asia to Support Growing Trade Flows
  11. https://finance.yahoo.com/news/tradecard-appoints-ceo-realize-business-130100613.html Yahoo Finance
  12. http://www.just-style.com/news/coach-selects-tradecard-for-supply-chain-collaboration_id116639.aspx US: Coach selects Tradecard for supply chain collaboration
  13. https://finance.yahoo.com/news/tradecard-appoints-ceo-realize-business-130100613.html Yahoo Finance: TradeCard Appoints New CEO to Realize Business Growth Potential
  14. http://www.aapnetwork.net/news/Perry-Ellis-International-Extends-TradeCard-Functionality-to-Streamline-Trade-and-Deductions-Management.cfm?grp_id=1533 Perry Ellis International Extends TradeCard Functionality to Streamline Trade and Deductions Management
  15. http://www.gfmag.com/archives/157-july-august-2012/11901-best-supply-chain-finance-providers-2012-global-winners.html Best Supply Chain Finance Providers 2012: Global Winners
  16. http://www.sdcexec.com/news/10708475/supply-demand-chain-executive-announces-the-2012-supply-demand-chain-executive-100 Supply and Demand Chain Executive’s 100 Awards recognize the supply chain’s 100 most innovative projects of 2012
  17. http://www.sdcexec.com/news/10628934/supply-demand-chain-executive-announces-2012-pros-to-know Supply and Demand Chain Executive Announces 2012 Pros to Know
  18. http://apparel.edgl.com/news/Apparel-Magazine-Names-2011-Top-Innovators-72656 Apparel Magazine Names 2011 Top Innovators
  19. https://archive.today/20130221054501/http://www.aapnetwork.net/news/TradeCard-Selected-to-2011-Great-Supply-Chain-Partners-List.cfm?grp_id=1533 TradeCard Selected to 2011 Great Supply Chain Partners

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