On Monday of this week, multi-enterprise B2B collaboration platform vendor GT Nexus and cloud-based sourcing provider TradeCard announced that the two companies have entered into a definitive merger agreement. Both provide and operate advanced business collaboration networks that supply chains rely on to better manage physical and financial processes on a global scale with thousands of trading partners. This merger remains subject to customary closing conditions and clearance from antitrust regulatory agencies.
If consummated, this merger brings together GT Nexus’s cloud-based logistics and transportation management with the sourcing and financial supply chain capabilities of TradeCard. As noted in the press release, the combined entity has the potential to serve 20,000 businesses with a combined clod platform representing $100 billion in trade. GT Nexus brings industry focus for manufacturing, retail and logistics services while the TradeCard focus has been in retail and consumer soft goods. According to a posting from the San Francisco Business Times, the two companies’ customers include the 10 largest logistics 3PL’s, including FedEx and UPS, along with 30 of the largest ocean transportation providers. Reports further indicate that the combined privately-held company will be based in Oakland California, the current home of GT Nexus. Also announced was that current TadeCard CEO Sean Feeney will lead the combined company while current GT Nexus CEO Aaron Sasson will be chairmen. The transaction is expected to close in early 2013.
Supply Chain Matters initially views this announcement as significant, and in the context of a market response to the previous SAP acquisition of Ariba. The combination of both firms can provide the market a broader capability in integrating supply chain logistics and fulfillment execution information while relying on a consistent payments platform. It is yet another reinforcement of the hot market dynamics surrounding cloud-based B2B platforms.
We will feature more detailed commentary after this merger is consolidated and there has been more briefing information provided regarding future strategic direction.
Supply Chain Matters provides another edition of amplifying Distinguished Supply Chain Professionals who have garnered noteworthy and well deserved industry or professional recognition.
In December 2012, The Institute of Business Forecasting and Planning (IBF) presented a Lifetime Achievement in Business Forecasting & Planning award to Larry Lapide, Ph.D, Research Affiliate, MIT Center for Transportation & Logistics and Lecturer, University of Massachusetts Boston. Many of our readers probably know Larry from his career in both management consulting and the Industry Analyst world, as well as his appearances and talks at many industry conferences and management forums.
This author was especially pleased to hear of this award, since Larry was my very able mentor and first manager while we worked together in the original supply chain management research practice at AMR Research. I am proud to have Larry as a continued friend throughout the years.
This IBF recognition notes:
“Larry has provided valuable input in the development of IBF’s body of knowledge that drives our certification, research, and training programs. He has contributed over 60 articles to our Journal of Business Forecasting. He provides valuable insight and thoughts on improvement, enabling forecasting and planning professionals to succeed in this challenging environment.”
Anish Jain, Managing Director, IBF summed up Larry’s lifetime achievement as follows:
“Larry volunteered to speak at the first IBF best practices conference back in April 1996 and has been a contributor every year, sharing his experience, driving new thought and imparting knowledge. He volunteers to train and enrich budding Forecasting and Planning Professionals at IBF’s Tutorials, Workshops, and Academy every year since the 90’s.”
Those of you who know or have worked with Larry throughout the years are probably aware that he tends to always downplay these types of industry accolades. When I heard about the award, I insisted that we would amplify this prestigious award on this blog, since Larry truly deserves this recognition. He has made his mark in supply chain thought leadership and practical advice.
Supply Chain Matters provides a hearty Tip of the Hat and job well down to Larry Lapide, and we echo our thanks to the IBF for their choice in a lifetime recognition award. We also invite our readers to share their congratulations as well in the Comments section of this posting.
We also extend congratulations to Patrick Bower, Senior Director, Corporate Planning and Customer Service at Combe Inc., for also earning the IBF Excellence in Forecasting and Planning Achievement award.
Bob Ferrari, Fonder and Executive Editor