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GT Nexus Stage: Venture Date of Investment: 1999 Web Site : http://www.gtnexus.com
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GT Nexus, based in Alameda, California, delivers customer centric solutions that bring control and visibility to global logistics. The company provides a tightly integrated set of Web-native Transportation Execution products that automate the key activity areas of the transportation value chain for global shippers (importers and exporters). These activities begin with planning processes such as procurement and contract management, continue with an orders process that monitors and models optimal supply chain performance, and extend into booking, documentation and other execution processes central to the movement of freight. Through a collaborative model that links together business partners and information, data now flows across the entire activity chain driving unprecedented visibility, efficiency and cost savings to shippers and their service providers. Warburg Pincus made its initial investment in GT Nexus in 1999 to fund product development and the building of the team. In 2000, Warburg Pincus committed additional capital, allowing the company to expand its sales, marketing and strategic partnership initiatives as well as increase the breadth of its e-commerce and service solutions. This enabled GT Nexus to join forces with shipping lines representing over 30% of global capacity and become the neutral third party driving the world's largest ocean transportation partnership.
