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Management Dynamics Acquires NextLinx
EAST RUTHERFORD, NJ (SEND2PRESS NEWSWIRE) -- Management Dynamics, a leading provider of global trade management solutions, today announced that it has acquired NextLinx Corporation, the pioneering developer of international trade compliance technology and content. The acquisition combines the strengths of both organizations to offer a comprehensive portfolio of enterprise software and on-demand services, powered by industry-leading content, to plan, optimize and execute global trade operations. Terms of the deal were not disclosed. Global Trade Management (GTM) is a category of supply chain software that enables companies to profitably implement global sourcing strategies and improve the efficiency of their value chains from supply to demand. Founded in 1994, NextLinx has established technology leadership in the GTM sector with innovative, enterprise software and integrated content solutions for Global 1000 enterprises. Today, NextLinx has over 70 customers worldwide, including industry leaders such as Boeing, Cisco Systems, Fairchild Semiconductor, FedEx, Panasonic, UPS and VF Corporation. "NextLinx's international trade compliance software and content perfectly complements our logistics contract management and supply chain visibility offerings to establish a complete GTM solution set," said Jim Preuninger, CEO of Management Dynamics. "NextLinx has built an impressive business over the past ten years and we look forward to building on our leadership position in this growing market as we help our customers realize the full potential of the industry's only complete and integrated GTM solution." The new suite of GTM solutions from Management Dynamics provides a unified technology platform that automates import, export, and trade agreement processes, optimizes global transportation and inventory costs, and ensures that a company's cross-border transactions are in compliance with all government regulations. "NextLinx has improved its competitive position by joining with a well-established logistics suite vendor. Aberdeen expects NextLinx to continue delivering best-of-breed trade content and software under its new owner," said Beth Enslow, VP Enterprise Research, Aberdeen Group. "Moreover, Management Dynamics brings years of experience in on-demand services, which should translate into increased deployment and functionality innovation." NextLinx founder Rajiv Uppal has been a pioneer of the global trade automation movement for over two decades and has worked closely with many leading companies in defining their global trade strategies. In his new role as Chief Software Architect, Uppal will lead the overall strategy, product direction and development team for the combined company, to ensure synergies in technology, resources and product are achieved. "This is an exciting opportunity for the NextLinx family as I am convinced that the joint capabilities of our two companies present a powerfully compelling proposition to the market, and I look forward to executing on Management Dynamics' mission to become the market leader in Global Trade Management," said Rajiv Uppal, Chief Software Architect for Management Dynamics. With the growth in international trade estimated by consulting firm McKinsey & Co. to reach $70 trillion by 2025, as well as increasingly complex trade security regulations, Management Dynamics' GTM solutions offer a number of key advantages for enterprises looking to improve their global trade management capabilities:
"Companies must take a holistic perspective of Global Trade Management in order to achieve operational excellence and meet financial objectives in today's increasingly global, complex, and risky business environment. The value of global trade knowledge extends beyond import and export processes; it spans across all business functions, including strategic planning, sourcing, logistics, and finance," said Adrian Gonzalez, Director, Logistics Executive Council of ARC Advisory Group. "By acquiring BridgePoint earlier this year and now NextLinx, Management Dynamics is strengthening its position in the market with a feature-rich global trade management solution." About Management Dynamics, Inc. Management Dynamics is a leading provider of global trade management solutions that improve the performance of global supply chains for importers, exporters, logistics service providers, and carriers. The company's solutions synchronize the flow of information among trading partners, optimize supply chain execution decisions, and streamline import and export processes to ensure regulatory compliance and minimize cost and risk involved in cross-border transactions. Management Dynamics' time-proven solutions are used by more than 13,000 global users at some of the world's most successful 3PLs, carriers, manufacturers, retailers, and high technology companies. For more information, please visit www.ManagementDynamics.com or call 201-935-8588 Management Dynamics, NextLinx and BridgePoint are either registered trademarks or trademarks of Management Dynamics, Inc. All other marks are the property of their respective holders. Management Dynamics, Inc., One Meadowlands Plaza, East Rutherford, NJ 07073, Tel 201.935.8588, www.ManagementDynamics.com
NEWS SOURCE: Management Dynamics, Inc.
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Management Dynamics, Inc. : » Management Dynamics Honored With Two Industry Awards » Management Dynamics Wins Multiple Awards in 2006 » Schenker Extends Strategic Partnership with Management Dynamics » Management Dynamics Acquires NextLinx
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REFERENCES: Management Dynamics Acquires NextLinx, NextLinx, Management Dynamics, transportation, global trade management, supply chains, trade compliance technology, importers, exporters, integrated carriers, logistics service providers, Rajiv Uppal, press release, Oct 24, 2005. |
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