CIMdata PLM Industry Summary Online Archive
9 February 2011
Company News
5 Horizons Group Announces Partnership with TradeStone Software
5 Horizons Group announced the company has signed a partnership agreement with TradeStone Software. TradeStone is a recognized leader in Merchandise Lifecycle Management (MLM) solutions that unify the design, sourcing, ordering and delivery of private label and globally branded goods. The agreement names 5 Horizons Group the North American distributor of TradeStone products and services to the mid-market consumer product wholesale and import channels.
The two companies will work together to leverage 5 Horizons’ suite of services, which covers global sourcing, product design and development, production, quality assurance, and supply-chain logistics, to expand TradeStone’s presence within this important emerging market. 5 Horizons will offer TradeStone’s Merchandise Lifecycle Management solutions to its current and new customers.
“While the Internet has had a profound impact on global manufacturing over the last decade, the tools that support communication and collaboration between global partners have significantly lagged,” said Kevin Lehrer, managing partner of 5 Horizons U.S. operations. “We are excited to partner with TradeStone because they provide an innovative technology that enables product companies to source, develop, and drive product to market faster than ever. The positive impact of their MLM technology on companies’ operational efficiency, margin growth and risk reduction is equally significant.”
5 Horizons will offer TradeStone’s solutions, primarily employing a Software as a Service (SaaS) model, to the wide range of mid-market CPG manufacturers that develop private label and branded goods for sale to the mass and specialty retail channels. Specific terms of the deal will not be disclosed.
“TradeStone is pleased to add 5 Horizons to our growing list of partners worldwide,” said Sue Welch, CEO, TradeStone Software. “They give us excellent reach in an important but underserved market. The value of Merchandise Lifecycle Management to the retail and consumer goods manufacturing segments underscores the need for retail-supplier collaboration and integration of the entire design to delivery process.”
“The ability of U.S. and Asia partners to communicate across a single platform is game-changing,” said Jonathan Allen, Managing Partner of 5 Horizons Asia office. “The confluence of this ‘cloud’ technology with enhanced broadband all throughout Asia is going to have a significant impact on global, cross-functional communication and work-flows. The strength of MLM technology is that it fosters discipline and consistency in communication and provides a better interface for managing projects.”
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