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nuBridges Completes Agreement to Acquire
Technology Start-Up TradeTrans
Acquisition Supports nuBridges’ Aggressive Growth Strategy
and Furthers Its Stance as Secure eBusiness Visionary Leader
ATLANTA – June 2, 2009 – nuBridges, the secure eBusiness authority, announced today that it
has completed a definitive agreement to acquire TradeTrans, Inc., a provider of real-time business
intelligence tools that give visibility into the supply chain. The acquisition is part of nuBridges’
strategic plan to build long-term business equity value by achieving substantial growth and
market share, and by establishing itself as the benchmark leader in the industry.
nuBridges solutions make it safer and easier for large and medium-sized enterprises to exchange
information internally and externally, and to protect that information wherever it rests in the data
flow. With the acquisition of TradeTrans, nuBridges now delivers a new level of business
intelligence to customers utilizing the nuBridges Exchange Network for electronically trading
with their business partners. Today, nuBridges Exchange Network supports over 36,000 trading
partner relationships.
“We’ve set a course for significant growth that we are fulfilling through both organic and nonorganic
acquisitions of best-in-class technologies, and market-share-builders that bring with them
a customer base and revenue,” said Paul Olson, nuBridges CEO and president. “Our acquisition
of TradeTrans is a strong first step that adds value to our product portfolio and will benefit
customers immediately.”
As the B2B exchange network market continues to evolve, Olson contends that nuBridges has a
prime opportunity to increase market share for its nuBridges Exchange Network through premier,
differentiated services and features – something TradeTrans’ web-enabled business intelligence
tools provide.
“Well-established competitors in this market must continue to provide better quality and
competitively priced offerings,” he said. “Our plan is to exceed customer expectations and lead
through innovation that will allow us to build mindshare and perform ahead of the current market
rate. We expect to fulfill this plan through a number of strategic acquisitions during our threeyear
plan horizon.”
With TradeTrans’ TradeSmart™ business intelligence solution, nuBridges Exchange Network
customers gain an advanced set of analysis tools that deliver extensive, operation-critical
information on digital information transfers. TradeSmart monitors supply-chain transactions in
real-time, tracking business activity and analyzing and reporting on data exchanges among
suppliers and buyers as they happen. This enhanced capability:
- Reduces complexity of the data exchange process, saving time and expense for customers.
- Monitors and provides up-to-the-minute visibility into all electronic transactions – e.g., purchase orders, invoices, advance shipping notices.
- Enables extensive analysis of customer and supplier relationships, with the ability to determine variables such as the value and frequency of purchase orders, average size of orders, and relationship profitability.
- Delivers data that can help defend against charge-backs and other penalties related to inaccuracies and errors in supply chain fulfillment and delivery.
- Is a subscription-based offering that is hosted by nuBridges and is easy for customers to purchase, implement and use.
- Facilitates “dashboard-style” reporting with graphs and charts that quickly illuminate key performance indicators (KPIs) and business processes – without sapping IT resources.
TradeSmart is also designed to be deployed throughout the enterprise, enhancing the ability of
non-technical users to access information in support of their roles across the supply chain.
“Over the last two years, we’ve developed and adapted the TradeSmart technology to address a
broad array of customer requirements,” said Bill Bugbee, founder and one of the major
shareholders of TradeTrans. “Feedback from focus groups with nuBridges customers has been
very positive, and we’re excited about the opportunity to accelerate market penetration of these
enhanced capabilities.”
Bugbee will join nuBridges as Vice President of Product Management and lead the company’s
business intelligence solutions. The acquisition is an asset purchase comprising both cash and
stock; other terms of the transaction were not disclosed. TradeTrans’ Portland, Ore., offices will
provide a West coast operational presence for nuBridges. Both nuBridges and TradeTrans are
privately held companies.
About TradeTrans
TradeTrans provides “on-demand” business intelligence tools for B2B networks. Its
TradeSmart™ web-based subscription services capture key performance indicators in real-time -
derived from EDI and XML supply-chain transactions - and translate this business-vital
information into operational reports and analysis as needed. TradeSmart is the most advanced
supply-chain intelligence and decision tool available today, offering real-time visibility into
business operations, trading activities and the marketplace. TradeSmart's information delivery
options include Activity Reports, Event Alerts, Performance Analysis and Ad Hoc Inquiries.
About nuBridges
nuBridges is a leading provider of software and services to protect sensitive data at rest and in
transit, and to transfer data internally or externally with end-to-end security, control and visibility.
nuBridges encryption, key management, managed file transfer and B2B integration solutions are
used to comply with security mandates and to digitally integrate business processes among
enterprises, systems, applications and people. Over 3,000 customers depend on nuBridges secure
eBusiness solutions to encrypt millions of credit cards, exchange billions of dollars in B2B
transactions and enable countless business-critical file transfers, including Walmart,
Amazon.com, Timberland, American Eagle Outfitters, Belk, Bon Ton, Wachovia, Sun Trust,
AIG, CheckFree and Verizon. nuBridges is headquartered in Atlanta, Georgia. More information
is available at www.nubridges.com.
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