Trade Technologies Acquires Atlanta-based International Access
Deal Broadens Base of International Trade Documents Provider
Austin, TX (September 20, 2003) – Trade Technologies has announced its acquisition of International Access, an Atlanta, Georgia-based international trade documentation firm.
The acquisition allows clients of International Access to take advantage of Trade Technologies' industry-leading web-based platform for managing international letter of credit transactions and its growing network of global trade bank partners.
Based in Tyrone, Georgia, IA was founded in 1996 by Sherri Lane, who will join Trade Technologies as the Director of the Atlanta office. She brings a total of over 25 years of experience in export and import operations, ocean logistics and international trade documentation to Trade Technologies.
"We've been impressed with Sherri and her company for some time now, and we're thrilled to have them join us," said Trade Technologies' CEO Kirk Lundburg. "Our technology combined with the IA team of trade professionals provides a powerful solution for IA clients."
"Trade Technologies' industry-leading web-based platform for online letter of credit presentation to major trade banks will accelerate payment for our clients," Lane said. "It takes our great service and makes it even better."
Trade Technologies is rapidly changing international payment practices that, until recently, relied on the paper-heavy process of letters of credit that had evolved little since the days of Marco Polo. Trade Technologies' Global Trade Management Platform and professional outsourced services are leading the way in enabling exporters and freight forwarders to deliver original trade documentation over the Internet to the world's major international trade banks. This far more efficient process helps customers streamline their operations, eliminate discrepancies and accelerate payments.
The Trade Technologies Platform is quickly setting the industry standard. Large and small international exporters and freight forwarders rely on Trade Technologies' software and outsourced services to facilitate thousands of international payment transactions each year.
Trade Technologies was founded in 1999 by export and trade finance professionals to provide innovative and pragmatic international receivables management professionals and tools for exporters.
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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