- THE MAGAZINE
Management Dynamics, a provider of global trade management solutions, has announced that it has changed its name to Amber Road. Derived from the ancient trading route of the same name, Amber Road evokes images of trade throughout history and more accurately embodies the nature of the company’s business.
The name change comes during a year of rapid expansion, marked by a 40 percent growth in employees, a 325 increase increase in European bookings, and the opening of a flagship office in Tysons Corner, Va. This breakout year is anchored by a 33 percent CAGR in overall revenue for the past decade.
“We have evolved from a U.S.-based provider of freight management software to the world leader in global trade management,” said Jim Preuninger, CEO. “Today, our SaaS-based solutions span fourteen software products that include global transportation management, import/export compliance, supplier management, supply chain visibility, and a content knowledgebase covering trade regulations and tariffs for more than 120 countries. We also now count over 500 enterprise-class companies as our customers, many of whom are the category leaders in their respective industries. We’re pleased to punctuate these advances with an exciting new name.”