UBM Global Trade acquires selected Centradex assets

UBM Global Trade today announced the acquisition of selected Centradex assets to complement its PIERS global trade information services.

PIERS, the business intelligence service for import and export waterborne and intermodal trade data will leverage the Centradex technologies to further develop product offerings for its clients.  Centradex’s three main products, Prospects, Trade Stats and Dashboard will be integrated.

“Centradex is a logical fit to our PIERS business due to their technology expertise, industry knowledge and advanced data analytics,” says John Day, Chief Executive Officer of UBM Global Trade.  “Centradex also represents the investment that UBM continues to make in the organization to propel the company to new levels of unprecedented growth.”

PIERS has recently introduced a number of technology upgrades including PIERS TI 3.0, a new version of iPIERS, the company’s flagship product and the PIERS Enterprise System.  According to Gavin Carter, Executive Vice President of PIERS and CIO of UBM Global Trade, “the acquisition of Centradex directly strengthens our Software as a Service (SaaS) strategy which we continue to develop and refine.  Clients are demanding greater capabilities to do more with their trade data and Centradex provides an immediate platform for our clients to begin extracting more value out of their current and future services.”

Locations: USA, Newark, NJ
Sectors: Market Data
Ref: F231109-419

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