CDC Software, an enterprise software provider of on-premise and cloud deployments, said that it has acquired California-based TradeBeam, a provider of on-demand software as a service (SaaS) supply chain visibility and global trade management offerings, in a move to expand its portfolio of cloud-based offerings and increasing recurring SaaS revenue during the next few years.
CDC Software and TradeBeam share several common customers and TradeBeam represents CDC Software’s largest SaaS acquisition to date.
With this acquisition, CDC Software plans to integrate TradeBeam’s SaaS applications into its Supply Chain product line, which is expected to help customers improve supply chain visibility and automate their import and export global trade management and compliance processes.
The acquisition also offers additional cross-sell opportunities for CDC Software’s enterprise solution customers, who source and sell globally. In turn, Tradebeam customers are expected to benefit from CDC Ross ERP, CDC Factory’s manufacturing operations management offerings, ActivPlant’s enterprise manufacturing intelligence offerings, and CDC eCommerce’s multi-tenant eCommerce platform for retailers and brand manufacturers.
TradeBeam provides SaaS offerings for import and export compliance, global sourcing, collaborative forecast and inventory visibility, supply chain event management and global trade finance.
Edward Flaherty, CEO of TradeBeam, said: “This is a very synergistic combination on many front. Our solutions are a great fit for CDC Software’s growing installed base, especially with its CDC Supply Chain and CDC eCommerce products and their market presence in complementary vertical industries such as automotive, medical device and retail industries.
“We expect that TradeBeam and its customers will benefit immensely from the global breadth of CDC Software’s technology and business infrastructure, especially their extensive operations in China, and the company’s broad portfolio of complementary solutions. In fact, parts of the Chinese government are already users of TradeBeam’s import and export compliance solutions.”
