TradePoint Systems LLC, a provider of software applications and services for customs brokerage and forwarding, has acquired several product lines from ClearCross, Inc., the Reston, Va.-based supply chain technology company. (9/19/2002)

TradePoint, of Nashua, N.H. has acquired the software products and certain other assets, along with the right to continue product development, enhancements and support of all existing ClearCross customers. Employees associated with these product lines have become part of the TradePoint staff.

In January of 2002 TradePoint acquired an exclusive licensing arrangement to take over support, sales and continuing development for certain Questa and SPEX ClearCross customers in the U.S. and Great Britain. The latest agreement transfers over 100 additional customers in the U.S. and Europe, as well as assets and ownership for these product lines, along with several other product lines: Questa, an integrated products suite for brokerage, forwarding, breakbulk, and other associated services, has been renamed CargoPoint.

The deal also includes SPEX, an export documentation system; DPS, an export management system; GLS, a large-scale logistics system for the cross border movement of products. Also included are compliance system ECS, and Importer, which provides product parts bank, rating and landed cost calculations to importers.

TradePoint has offered employment to all employees currently involved with these product lines. In the short term, all of the ClearCross employees have agreed to continue working for TradePoint.

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Author:Newsdesk, eyefortransport.com