essDOCS acquires TradeCert
Addition of TradeCert, a leading provider of electronic Certificates of Origin, enhances essDOCS’ expertise and solution capabilities in eCertification
Valletta, Malta, 18 September 2017: essDOCS today announced its acquisition of TradeCert Limited, the Galway, Ireland-headquartered provider of electronic Certificates of Origin (eCOs).
essDOCS now operates the world’s largest eCO network of over 28,000 Exporters and Freight Forwarders applying for and receiving certificates of origin from over 200 Chambers of Commerce across 10 countries. essDOCS eCOs are used for imports into 169 countries globally.
The company is on track to offer eCOs in 14-15 export countries by year’s end, driven by organic growth and strategic partnerships with other eCO software providers and chamber solutions.
“essDOCS offers TradeCert the ability to accelerate the adoption of electronic certificates of origin globally” said Brian Smith, Managing Director, essDOCS Certification and co-founder, TradeCert. He added “through partnerships and country expansion, we expect to be able to offer eCOs throughout the globe.”
A newly-established certification arm, essDOCS Certification, will develop a best-of-class eCO platform by combining essDOCS’ two existing solutions, eCertify and TradeCert, and will invest heavily in new technologies to enable mobile and distributed ledger options to customers.
The team in Galway, Ireland, will act as essDOCS’ Center of Excellence for Certification and will be supported by essDOCS personnel in the US, UK, Greece, Singapore and Australia.
“Our acquisition of TradeCert truly sets essDOCS Certification apart, as it yields an unmatched global eCO network, while reinforcing our commitment to investing in and developing best-of-breed paperless trade solutions” said Alexander Goulandris, essDOCS CEO.
The acquisition was completed through essDOCS Ventures, the Group’s investment and partnership arm.
essDOCS enables paperless trade. Its solutions digitize and automate paper-heavy trade operations, finance and logistics processes through three key applications: CargoDocs Certification, DocPrep+ and DocEx. essDOCS enables users to standardize and streamline processes, reduce working capital needs and trading risks, while improving operations, collaboration, compliance and visibility across organizations. Over 33,000 companies, ranging from 31% of the Fortune Global 100 to innovative SMEs, use essDOCS solutions across the globe.
essDOCS Ventures partners or invests in companies that are part of the paperless trade ecosystem. We look for companies that are innovating in trade, finance or logistics, particularly those focused on digitizing paper-heavy processes.