Contact Information: Media Contact: Casy Jones Ruder Finn for TradeBeam 312-329-3976 jonesc@ruderfinn.com
TradeBeam Closes $29 Million Equity Investment
Global Trade Management Software Leader Poised to Penetrate European and Asian Markets
| Source: TradeBeam
SAN MATEO, CA--(Marketwire - August 23, 2007) - TradeBeam Holdings, Inc., a leading provider
of on-demand Global Trade Management (GTM) software and services, today
closed Series C funding of over $29 million dollars. The Series C was led
by new investors Camden Partners Strategic Fund III and Torch Hill
Investment Partners and includes investments by all existing institutional
shareholders including The Carlyle Group, Enterprise Partners, Sigma
Partners and The Sprout Group. The oversubscribed Series C round brings
total cash raised for the company to $57.5 million since the launch of
TradeBeam in August 2001.
"We have been evaluating the growing GTM market for several years. It is
clear that Graham and his team are well positioned to scale TradeBeam to
deliver increasing value to its global customer base," said Richard
Berkeley, Managing Member of Camden Partners Holdings, LLC.
The new funds will be used to expand TradeBeam's global operations in
Europe and to expedite product development across the platform, including
its solution for the Asian market where the company has a strategic
partnership with China International Electronic Commerce Co., Ltd (CIECC)
to sell the TradeBeam GTM platform throughout China. CIECC has just
completed training of nearly 120 sales people across China and
approximately 20 Chinese companies are actively using the TradeBeam
solution for global trading.
"Over the last year TradeBeam has experienced the best sales performance in
its history for both new bookings and subscription renewals. This has
resulted in more than 50 percent year over year bookings growth in each of
the last four quarters. TradeBeam's goal is to be a top three provider in
The Americas, Europe and Asia to support our customers globally. At this
time we are very pleased to add Camden and Torch Hill to TradeBeam's high
caliber investor group," said Graham R.F. Napier, TradeBeam CEO and
President.
About TradeBeam
TradeBeam is an on-demand Global Trade Management software and services
company providing solutions that streamline global trading processes for
enterprises and their partners. TradeBeam's integrated solution provides
import and export compliance, inventory management, shipment tracking,
supply chain event management and global trade finance solutions. TradeBeam
has over 3,000 customers with users in over 100 countries worldwide. For
more information, please visit www.tradebeam.com.
Copyright © 2007 of TradeBeam Holdings, Inc. and all its subsidiaries
("TradeBeam"). All rights reserved. All TradeBeam copyrights and logos;
including but not limited to, TradeBeam 3.0 GTM Application Suite,
i-Supply, and TradeBeam Solution Blueprints are registered trademarks of
TradeBeam. All other company, product and brand names are the trademarks of
their respective owners.