iTradeNetwork, Inc.

iTradeNetwork, Inc. is a provider of supply chain management solutions specifically designed for the food and beverage sector, enhancing operational efficiency through advanced technology. Founded in 1999, iTradeNetwork, Inc. is based in Dublin, US, and operates as a key player in supply chain management for the food and beverage industry.

The company was sold in July 2010 to Roper Technologies, Inc. for USD 525 mn. The firm has engaged in three deals to date, with its latest funding round being a Trade Sale that occurred on July 26, 2010. iTradeNetwork specializes in providing comprehensive supply chain management solutions tailored for the food and beverage industry.

Their core offerings include advanced order management systems (OMS), traceability solutions, inspection analytics, and freight management tools. The company's platforms streamline processes such as food sourcing, procurement, inventory management, and vendor collaboration, ensuring consistent food quality and compliance with regulations, including FSMA 204. iTradeNetwork serves a diverse client base that includes grocery retailers, foodservice operators, distributors, and manufacturers, facilitating seamless data exchange across the supply chain. iTradeNetwork's revenue is primarily derived from subscription-based pricing models for its software solutions.

The company engages with large distributors and foodservice operators through B2B transactions, where clients subscribe to various services on a contractual basis. This includes their flagship products like the Order Management System and traceability tools, which are essential for optimizing operations. Revenue comprises recurring fees for software access, alongside additional charges for premium features that enhance data analytics and reporting capabilities. As of 2010, following the acquisition by Roper Technologies, Inc.

, iTradeNetwork is focused on leveraging its advanced technology to expand its offerings in supply chain management for the food and beverage industry. The company aims to enhance its product suite with upcoming innovations in order management and analytics tools, although specific release dates are not yet disclosed. Plans for geographical expansion into new markets are also in consideration, targeting specific regions to extend its reach. Recent funding will support these initiatives, positioning iTradeNetwork to better serve its clients and enhance operational capabilities.