Tradepaq Corp, the provider of collaborative supply chain execution software and trade and risk management solutions for global commerce, has acquired the main assets of Lester Associates, Inc, a provider of commodity trading solutions to the metals and energy industries.
Terms of the transaction weren’t disclosed. For more than 18 years, Lester Associates marketed one of the leading commodity trading software solutions for the metals and energy industries called Commodity Position Management System (CPMS).
This acquisition strengthens Tradepaq’s position as the market leader in offering supply chain execution and commodity trading and risk management solutions for producers, traders and users in the metals industry.
Last year, Tradepaq acquired Vista Software Corp, another leading commodity trading software firm. With these acquisitions, Tradepaq now offers specific software solutions for the nonferrous, ferrous and precious metals industries.
“This acquisition demonstrates our commitment to strengthen our leadership position in commodity trading and risk management for the metals industry,” says Warren Fisher, chief operating officer of Tradepaq. “Our customers benefit from the acclaimed industry expertise of the Lester team coupled with Tradepaq’s innovative and comprehensive end-to-end global commerce solutions.”
CPMS’ functionality will become part of the company’s Tradepaq:TRM suite of trade and risk management software solutions. Tradepaq:TRM, enables users to perform real-time position management and eliminate surprise write-downs. The system reduces market, credit, operational, and technical risks inherent in trading operations. The ability to manage a global book with real-time mark-to-market information provides the trader and the CFO’s office an unparalleled ability to react to changing market conditions and to satisfy the audit committees’ control requirements. Tradepaq:TRM also improves supply chain efficiencies, lowers operating costs, and accelerates cashflow.
Tradepaq is the leading provider of the supply chain collaboration, trade and risk management software required for global commerce. The company offers an innovative framework of solutions including contract management, compliance, exposure and risk analysis, logistics, accounting, costing, document preparation, financial settlement, and trade chain collaboration.
Tradepaq is part of a 25 year old, privately held three-company software group (CSI Complex Systems, ResQNet.com) with more than 350 employees. Tradepaq has several hundred sites installed around the globe. Headquartered in