GT Nexus and TradeCard have entered into a definitive merger agreement. The deal will create the world’s biggest cloud information utility, with a global network of over 20,000 businesses spanning every major industry, from retail and apparel to high tech, automotive, heavy industry, consumer products, pharmaceutical, chemicals, commodities, finance and logistics. The companies will manage over $100 billion in direct supply chain trade.

“Both companies share a common technology vision that networked platforms, delivered in the cloud, is the path forward for companies that source and sell goods globally,” says Sean Feeney, CEO at TradeCard. “The strengths of each company are highly complementary and will offer customers a complete solution, covering the entire supply chain execution lifecycle, from sourcing of goods to final delivery and payment.”

“Our customers are the biggest winners in this merger,” notes Aaron Sasson, CEO at GT Nexus. “It’s a true merger of equals. Together, we offer a single cloud network for enabling business processes across global trade networks—an enormous and still untapped opportunity for the vast majority of companies who have been struggling to take their businesses to the next level with complicated ERP systems.”

The deal is set to close in early 2013, subject to customary closing conditions and clearance from antitrust regulatory authorities.

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