TradeBeam Strikes 10-Year Strategic Partnership With CIECC to Sell Company's Global Trade Management Platform Throughout China
SAN MATEO, CA -- (MARKET WIRE) -- April 10, 2007 -- TradeBeam, a leading provider of Global Trade
Management (GTM) software, signed a 10-year strategic partnership with the
China International Electronic Commerce Co., Ltd. (CIECC) to bring its GTM
platform to the Chinese market. The CIECC, which is sponsored by the
Ministry of Commerce of the People's Republic of China (MOFCOM), will
market and sell TradeBeam's on-demand software solution to over 1,000,000
businesses in China using its sales organization in 100 offices throughout
"We selected TradeBeam after a very careful review and strict selection
process," said Junsheng Liu, the General Director, CEO and Board Chairman
of the China International Electronic Commerce Co., Ltd. "As leading
software and service providers in our respective countries, this strategic
collaboration will propel both China and TradeBeam ahead of those around
the world. We expect that as a result of the CIECC's national marketing and
world-class infrastructure throughout China, this offering will simplify
current transactions and enable new opportunities for companies across the
globe to do business with Chinese enterprises."
TradeBeam's GTM solution will ease trade compliance and trade visibility
challenges for Chinese businesses and their international partners. In
addition, existing TradeBeam customers can leverage this on-demand software
solution to collaborate with Chinese trading partners and experience
seamless trade integration regardless of the size or geographical location
of the customer or supplier.
"Global organizations continue to outsource to rapidly developing nations
in order to achieve a competitive market advantage," said Dr. Hau Lee, the
Thoma Professor of Operations, Information, and Technology at the Stanford
Graduate School of Business and Executive Program Director of the Stanford
Global Supply Chain Management Forum. "By streamlining global trade
interactions using GTM software, these organizations will have the greatest
This partnership will be named TradeBeam (Beijing) Technology Ltd., and
TradeBeam will become the majority shareholder. Leading up to the deal,
TradeBeam has been focused on launching commercial activities within the
region, building strategic partnerships with key customs and government
organizations as well as extending product functionality, including
localization of its GTM software platform.
"We are very committed to the Chinese market in an effort to capitalize on
the tremendous market need for solutions that automate and enhance the
rapidly expanding Chinese trade economy," said Graham R.F. Napier,
president and CEO. "In collaboration with CIECC TradeBeam is taking a
leadership position in China. By enabling global organizations to optimize
trade processes by reducing risk, expenditures, inventory and working
capital, we are in an excellent position to capitalize on this trend and
grow our business."
Established in 1996 by The China International Electronic Commerce Co.,
Ltd., the China International Electronic Commerce Center (CIECC) is an
executive technical support entity for the information technology
infrastructure construction for China's Ministry of Commerce (MOFCOM). The
China International Electronic Commerce Co., Ltd. (CIECC) is the direct
affiliate of China International Electronic Commerce.
CIECC provides a nation-wide technology infrastructure and service
organization for the implementation of e-Government and e-Commerce systems
for Chinese organizations. Offerings include utility, professional, credit
and data security services.
CIECC is responsible for developing and maintaining the China International
Electronic Network (EC Net), one of the most sophisticated, reliable and
secure third-party technology platforms in the world. After years of
development, the EC Net has realized the first triangular mode backup
architecture in China with points located in Yizhuang Beijing, Dongdan
Bejing and Canton respectively, to provide disaster recovery service for
various e-Government and e-Commerce application systems.
CIECC has over 1,000,000 registered multinational members that include
medium-and small-enterprises across China. For more information, please
TradeBeam is a Global Trade Management (GTM) software and services company
providing on demand solutions that streamline global trading for
enterprises and their partners. TradeBeam's integrated solution provides
import and export compliance and visibility including inventory management,
shipment tracking, and supply chain event management, as well as global
trade finance solutions such as open account and letter of credit
management. TradeBeam has over 1,800 customers in 100+ countries worldwide.
For more information, please visit www.tradebeam.com.
Contact Information: Media Contact:
Ruder Finn for TradeBeam