Press Releases

TradeBeam Receives Frost & Sullivan Award for Growth Strategy Leadership

Global Trade Management Leader Recognized for Demonstrating Exceptional Growth within the European Trade Compliance Management Services Market

San Mateo, CA, Novermber 8, 2005—TradeBeam, the leading provider of Global Trade Management (GTM) software and services, announced today at the Frost & Sullivan awards ceremony that it has received the 2005 Frost & Sullivan award for ‘Growth Strategy Leadership’ in the trade compliance management services market.

Frost & Sullivan’s annual award is given to the company that has bolstered its position in the market by continuing to show high growth rates year over year and developing a strategy that will have a lasting impact on the market. TradeBeam was chosen as a 2005 recipient based on its demonstrated ability to implement a unique strategy, penetrate new markets through strategic acquisitions and joint ventures, and offer innovative technology solutions and leadership.

“We are pleased to receive this recognition and believe it’s a reflection of TradeBeam’s continued growth, which has been sustained by our ability to expand our product capabilities and penetrate key markets,” said Graham R.F. Napier, president and CEO of TradeBeam.

To meet the demands of its growing customer base, TradeBeam has aggressively established global operations over the past 18 months launching sales and support units in the United Kingdom, France, Germany, Australia, China and India. Through this international expansion, TradeBeam continues to extend its GTM market leadership, providing a comprehensive suite of products currently being used by thousands of customers worldwide.

“We have grown significantly over the last four years and now support users in more than one hundred countries,” said Duncan Jackson, vice president of Business Development and Marketing for TradeBeam. “This award for ‘Growth Strategy Leadership’ within the European trade compliance market is a testament to TradeBeam’s leadership position in the GTM sector.”

For more information about the awards program, please visit Frost & Sullivan’s Web site.

About TradeBeam

TradeBeam is a Global Trade Management software and services company providing solutions that streamline global trading processes for enterprises and their partners. TradeBeam’s integrated solutions provide import and export compliance, inventory management, shipment tracking, supply chain event management and global trade finance solutions such as open account and letter of credit management. TradeBeam has over 3,000 customers with users in over 100 countries worldwide.