Trade Technologies Announces Record-Breaking Performance for 2011
Company growth related to global economic recovery, improved commodities pricing and product endorsements
Austin, TX (April 16, 2012) – Trade Technologies, the global leader in international trade document solutions, announced today its recording-breaking performance figures from 2011. The company processed over $8 billion of international trade transactions for its clients in 2011, completed a record of 25,000 transactions (up 10% from 2010) and achieved record revenues (an increase of 13% over 2010).
“We are very pleased with the performance of the company in 2011,” said Kirk Lundburg, CEO of Trade Technologies. “The slow global economic recovery and improved commodities pricing, combined with our proven product solutions and dedication to customer satisfaction, all contributed to our accelerated growth this past year.”
Since its founding in 1999, Trade Technologies has completed more than 40,000 fully electronic presentations of original letter of credit documents to major trade banks and has processed over $40 billion of international trade payments. Company milestones in 2011 include, opening an eleventh office in Chicago, adding 150 new clients, being awarded a patent on the Trade Technologies software platform and process, and winning the Presidential “E” Award for Exports by the U.S. Department of Commerce, the highest recognition any U.S. entity may receive for supporting export growth.
Trade Technologies is rapidly changing international payment practices that have traditionally relied on paper-heavy processes. The company’s web- based Global Trade Management Platform and professional outsourced services enable exporters and freight forwarders to create and deliver accurate trade documents to major international banks and buyers online. This far more efficient process allows customers to streamline their operations, eliminate discrepancies, save money and accelerate payments.
Trade Technologies has offices in Atlanta, Austin, Boston, Chicago, Hong Kong, Houston, Istanbul, London,
Los Angeles, Mumbai, New York, San Francisco and Singapore.
About Trade Technologies
Founded in 1999, Trade Technologies is the largest global provider of outsourced trade document services and software. From its offices in Asia, Europe and North America, Trade Technologies provides leading exporters, freight forwarders and international trade banks with trade document solutions, training and consulting.
The Company’s web-based TradeSharp platform and outsourced services enable customers to streamline their operations, save money, accelerate payments, and eliminate discrepancies traditionally involved in international letter of credit, documentary collections and open account transactions. More than 1,500 exporters, global trade banks and freight forwarders depend on Trade Technologies’ services to process almost $10 billion in international trade transactions each year. Globally, Trade Technologies is presenting original letter of credit and other trade documents online to 71 examination offices of 24 banks in 13 countries.
Trade Technologies was named by Silicon Review as one of the “50 Smartest Companies of the Year 2016.” In 2015, Trade Technologies was awarded the Presidential “E” Star Award for Export Services by the U.S. Department of Commerce and was selected by CIO Review Magazine for its annual list of the 20 Most Promising Banking Technology Solution Providers. Trade Technologies was voted the “Best Trade Tech Solutions Company” in 2012 by readers of Trade Finance Magazine. In 2011, Trade Technologies won the Presidential “E” Award for Exports through the U.S. Department of Commerce, the highest recognition any U.S. entity may receive for supporting export growth. In 2010, the Company was awarded a patent on the Trade Technologies software platform and process.
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