What is GT Nexus? GT Nexus Review

What is GT Nexus? GT Nexus Review
GT Nexus is now the world's largest cloud-based business network for global trade and supply chain management. Founded in 1999, the company is headquartered in Oakland, California, USA, and has operations centers in New York, Germany, China, Vietnam, India and Sri Lanka. We manage more than $100 billion in goods on the platform, with 25,000 businesses on the network and more than 100,000 users worldwide. Founded in 1998 Founders Aaron Sasson, Greg Johnsen, John Urban, Kurt Cavano Website http://www.gtnexus.com


Basic Introduction

GT Nexus digital supply chain network connects enterprises and trading partners to create digital global procurement, logistics and trade finance processes, making global trade seamlessly connected. Simplifying the flow of goods and funds in the digital network helps provide end-to-end visibility, which enables GT Nexus customers to improve overall supply chain performance, including on-time delivery, customer service and speed, while significantly reducing costs, shortening delivery cycles and increasing working capital.

Development History

1998 , Tradiant was founded

In 2000 , APL, CP Ships, Crowley, CSAV, Hanjin, HMM, K Line, MOL, Senator, Wan Hai, Yang Ming and ZIM joined the Tradiant portfolio GTN (Global Transport Network) invested by ABN AMRO Private Equity Fund.

In 2001 , it was released and renamed GT Nexus .

In 2007 , Warburg Pincus spent US $ 120 million to acquire a 42.3% stake.

In 2013 , Tradecard and GT Nexus merged, and the new company continued to operate as GT Nexus , becoming the No. 1 global supply chain IT software company .

In 2015 , Infor spent $549.9 million to acquire 81.48% of the shares at a valuation of $ 675 million .

In 2016 , Infor acquired the remaining shares for US$ 130 million, and GT Nexus became a wholly-owned subsidiary of Infor .

On March 27, 2019 , Infor, a leading provider of industry-specific business cloud software , announced that its GT Nexus supply chain network has been renamed Infor Nexus to digitally reinvent the way supply chains operate—using data and intelligence to provide more customer-centric services.

References

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