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September 03, 2015 10:16 PM ET

Internet Software and Services

Company Overview of MercuryGate International, Inc.

Company Overview

MercuryGate International, Inc. develops and implements transportation management solutions for customers in Singapore, Hong Kong, Australia, Japan, Malaysia, South Korea, and internationally. It offers MercuryGate transportation management system (TMS) that allows third party logistics providers to support multiple business models and varying processes within a single solution; TMS for brokerages, a software for data entry and reuse, process guidance, communication with parties, and determining financials; TMS for freight forwarders that enables users to manage transactions, such as planning, execution, tracking, and financial settlement; and TMS for shippers that supports various mode of t...

1654 Old Apex Road

Cary, NC 27513

United States

Founded in 2000

Phone:

919-461-5921

Fax:

919-573-0376

Key Executives for MercuryGate International, Inc.

Co-founder and Chief Executive Officer
Co-founder and President
Chief Financial Officer
Vice President of Operations
Chief Executive Officer of Mercurygate Asia Pacific
Compensation as of Fiscal Year 2015.

MercuryGate International, Inc. Key Developments

JB Hunt Sues MercuryGate for $3.1 Million

J.B. Hunt Transport Inc. announced says the transportation management software (TMS) installed by MercuryGate International Inc. is "virtually useless" in serving its Integrated Capacity Solutions (ICS), or brokerage, division and the intermodal giant is now going to court to seek a refund. JBHT alleges breach of contract and negligence, according to the recent filing in U.S. District Court in Arkansas.

MercuryGate International, Inc. Announces the Launch of RateFriend™

MercuryGate International, Inc. announced the launch of RateFriend™, the first freight index to provide global rate data for Road, Air, Ocean, Rail, and Intermodal transportation. Available for a low monthly subscription, RateFriend is embedded within the company’s TMS framework, giving users access to the information they need without logging in to a separate website or third-party application. MercuryGate also integrates with other indexing services, allowing RateFriend users to review multiple indices quickly. RateFriend is the only freight index that provides rate information for all major modes, including Truckload, LTL, Parcel, Air, Ocean, Rail, and Intermodal. This enables transportation management and procurement personnel to determine appropriate rates for both North American and International lanes using a single application. Index averages are updated nightly and based on aggregate results from more than 40 million loads per year. Key features: The only global, omni-modal rate index available; Gives users visibility to current spot rates, average contract rates, and market trends; Displays rate data by lane, mode, and equipment type; Market data for individual lanes can be viewed in real time; Batch capability makes it possible to analyze dozens of lanes at once and third-party rate data can also be viewed within MercuryGate TMS.

MercuryGate International, Inc. Announces Integration Partnership with Bam Worldwide

MercuryGate International, Inc. announced an integration partnership with BAM Worldwide whereby shared brokerage clients gain one-click access to working capital to sustain high growth businesses. Traditional accounts receivable-based financing and factoring programs are too limiting and expensive to support the high volume, low margin brokerage business. With the new integration with BAM Worldwide, MercuryGate’s brokerage clients can receive funds instantly at the transaction level in their TMS environment. Both the MercuryGate TMS and the BAM Worldwide lending platform are available to brokers with no up-front costs. Through Web service integration, MercuryGate TMS presents users a Request Funding option when processing an order. When the carrier submits delivery documents, the payment process is triggered automatically through the BAM platform by injecting funds for the transaction based on the agreed-upon terms. Besides being able to respond quickly to growth opportunities, MercuryGate and BAM clients will benefit from the increased efficiency in payment processing and can reallocate resources to generate new revenue. Brokerage clients can also improve credit scores and increase margins since carriers are willing to soften their rates in exchange for fast, reliable payment.

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