NEW YORK CITY — January 24, 2011 — TradeCard, Inc., the supply chain collaboration platform used by
more than 7,800 retailers, brands, manufacturers and service providers reported 38% revenue growth
in 2010. TradeCard recorded its best company-wide performance in its 11-year history. Major new
customers to select TradeCard in 2010 include Crocs, Eddie Bauer, GANT AB, W.L. Gore, 511 Tactical
and one of Europe’s largest athletic footwear companies.
“A fast growing number of retailers and brands today are recognizing the importance of having
a single platform to connect their entire supply network,” said Kurt Cavano, CEO of TradeCard, Inc.
“These companies are turning to TradeCard to power their strategic initiatives aimed at supply
chain sustainability, mitigating risk, reducing cycle times and optimizing working capital in the
supply chain. Growing demands from consumers and regulatory bodies are making it necessary for
retailers and brands to obtain complete transparency into all transactions. TradeCard provides that
visibility by delivering a single version of the truth for all parties involved.”
More than 2,500 new organizations were added to the TradeCard Platform in 2010. Purchase
order volume increased by 41% versus 2009.
Factors Driving TradeCard’s Growth in 2010:
- 98% of existing customer volume renewed or upgraded
- A successful ongoing product partnership with Avery Dennison resulting in a three-fold increase
in the number of organizations upgrading to the TradeCard Platform to take advantage of a new
SaaS-based factory floor management solution
- Financial services delivered on the TradeCard Platform by a network of integrated financial
services firms that provided better access to capital for many suppliers on the network
- Rapid growth into evolving sourcing regions such as Sri Lanka, Bangladesh and the Americas
Agile customer support through a global “follow-the-sun” model with service hubs in the U.S., Sri
Lanka and China
- A cloud computing product model that is quickly deployed with minimal up-front costs for
customers and partners
- Growing demand in the market for a collaborative platform to connect buyers with suppliers and
service providers overseas
- Retailers and brands placing major emphasis on supply chain finance and sourcing
TradeCard Launches Channel Partner Program
In 2010 TradeCard launched TradeCard PartnerAdvantage, a channel partner program
for service providers and resellers. Ciber, Inc. and GravityPro Consulting joined TradeCard
PartnerAdvantage as solution partners in 2010, expanding the TradeCard partner community, which
includes independent software vendors, solution providers/resellers, solution integrators, banks,
EDI providers, and other network partners.
A Faster and More Efficient Way to Transact
Document and workflow efficiencies through TradeCard span multiple trading partners within a
supply chain network to generate time and cost savings for buyers, suppliers and service providers
around the world. Financial services embedded into the platform lower trade financing costs and
reduce credit related risk. Hosted technology and global support delivered by TradeCard provide a
low cost to transact. Suppliers are quickly on-boarded by TradeCard’s global support team.
TradeCard’s global network provides the necessary infrastructure to quickly shift trading partners
or services from region to region as economic conditions change.
Posted on February 8, 2011
Source: TradeCard Inc.