TradeCard, Inc. was an American software company. Its main product, also called TradeCard, was a SaaScollaboration 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 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]
