SOURCE: TradeCard

TradeCard

September 02, 2009 08:45 ET

TradeCard Launches Joint Venture With MAS Investments' Subsidiary Sabre Technologies

Entity in Sri Lanka Solidifies TradeCard's Presence in South Asia to Enhance Global Services and Support Business Growth and Product Development

COLOMBO, SRI LANKA--(Marketwire - September 2, 2009) - TradeCard, Inc., the world's leading collaboration platform for connecting supply network partners, has launched a joint venture with Sabre Technologies, a subsidiary of MAS Investments. The joint venture enhances TradeCard's global services capabilities and enables it to leverage resources in Sri Lanka to support its business growth and product development strategies. The new entity is responsible for:

--  Reinforcing TradeCard's global services and delivering local support
    and expertise in the region
--  Managing market development and customer service in the region to help
    buyers and suppliers meet demands and pressures being felt today
--  Supporting TradeCard's product development to help rapidly respond to
    ongoing customer requests and specific requirements
    

The joint venture is a result of a successful three-year partnership that enabled TradeCard to benefit from strong business expertise and local market knowledge delivered by Sabre Technologies.

"Working with TradeCard is a significant opportunity to deliver valuable supply chain services to brands, retailers and suppliers in the region," said Chandan De Silva, CEO of MAS Investments. "TradeCard's network of buyers, suppliers and service providers is an advantage for customers, particularly in today's tight credit environment. Financial services available on TradeCard's network are a major benefit to local businesses that face liquidity issues."

More than 4,000 companies in the apparel, footwear and consumer goods industries improve margins, cash flow and supply chain visibility through TradeCard.

"Sabre Technologies is an experienced technology and business partner with strong local knowledge. The joint venture provides us valuable resources needed for faster response to our customers' requests for products, services and capabilities," said Kurt Cavano, CEO of TradeCard, Inc. "The team in Sri Lanka will support system development, systems integration for customers, product testing and internal data systems. Our extended presence in the region expands our global service organization which already supports customers in 60 countries."

TradeCard's "Follow The Sun" support model is enhanced by its new resources in Sri Lanka. The joint venture allows support inquiries to be directed to Sri Lanka as the business day closes at TradeCard's support hub in Shenzhen, China. As the sun sets on Sri Lanka, TradeCard's global support is directed to the U.S.

The joint venture is responsible for business development in the region including the on-boarding of brands, retailers and suppliers onto the TradeCard Platform. In the past 12 months TradeCard's Global Service organization has activated more than 1200 companies. TradeCard's platform-as-a-service (PaaS) delivery model combined with local support presence in 60 countries enables buyers, suppliers and service providers to easily connect and transact within 90 days without adding additional resources and staff.

About TradeCard, Inc.

TradeCard, Inc. is the leading provider of on-demand supply chain management solutions. The TradeCard Platform synchronizes financial transactions with physical events in the global supply chain to help customers automate trade transactions from purchase order to payment and chargebacks. Buyers, suppliers and their trading partners manage transactions through a web-based platform with online financial services integrated into the workflow. This turnkey transaction management enables customers to improve margins and enhance growth, with extra-organizational supply chain visibility. TradeCard's on-the-ground trade experts throughout the world assure superior supply chain agility.

TradeCard manages global trade for thousands of users in over 60 countries, including Columbia Sportswear, Rite Aid and Wolverine Worldwide. TradeCard Inc. is headquartered in New York City and has offices in San Francisco, Hong Kong, Brussels, Taipei, Seoul, Colombo, and Shenzhen. TradeCard is located online at www.tradecard.com.

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