Press Releases
TradeBeam Increases Registered Capital by USD $7 Million for TradeBeam’s China Operations
Additional Investment to Increase Development and Channel Marketing Operations
SAN MATEO, Calif. – September 9, 2009 – TradeBeam Holdings, Inc., (TradeBeam) a leading provider of global trade management software and services, announces an additional USD $7 million in registered capital for its Chinese operations via TradeBeam Technology Holdings, Ltd. (TTHL). This latest addition has increased the total investment into China to USD $10 million. Funds have been provided by TradeBeam and its existing shareholders.
The proceeds will be used for ongoing development and increased channel marketing sales and operations. TradeBeam will increase the number of locations in China from 4 to 8 over the next 12 months. This will improve the capability of TradeBeam to onboard customers with global supply chains which have significant or complex Chinese based operations. Expanding Chinese product functionality and trade expertise will increase TradeBeam’s delivery of leading edge solutions to a growing number of Chinese based companies who engage in global trade.
Created in January, 2007 to introduce the advanced technology and leverage the successful SaaS operating model that TradeBeam has been developing since 1999, TradeBeam’s China operations deliver global trade management software via the SaaS model. TradeBeam is committed to creating a global trade management collaborative platform available throughout the 32 provincial level administrative units in mainland China. With the goal of helping Chinese enterprises improve operating efficiency while reducing the cost and risk of global trade, TradeBeam now has more than 4,000+ Chinese based customers.
About TradeBeam
TradeBeam is a Global Trade Management (GTM) software and services company providing on demand solutions that streamline global trading for enterprises and their partners. TradeBeam’s integrated solution provides import and export compliance and visibility including inventory management, shipment tracking, and supply chain event management, as well as global trade finance solutions such as open account and letter of credit management. Founded in 1999 and headquartered in the San Francisco Bay Area, TradeBeam has operations in the United States, Europe, China, and India. www.tradebeam.com
Press Contact
Catriona Harris
Vantage Communications for TradeBeam
+1 407-767-0452 ext. 222
charris@pr-vantage.com