The consideration comprises an initial cash payment of $544,000 and a further performance-related consideration of up to $100,000 payable over two years.
CenTradeX provides sophisticated market intelligence tools which enable customers to manipulate and analyse import/export data market intelligence drawn from sources around the world, including UBM Global Trade's PIERS dataset.
The acquisition will enable UBM Global Trade to enhance the user interface and analytical tools for its market-leading PIERS Global Intelligence product portfolio. This will help its customers extract further value from PIERS' extensive US import/export data, particularly in identifying new business opportunities, developing market insights and gaining competitive advantage.
John Day, CEO of UBM Global Trade, said: "This acquisition shows our continuing commitment to investing in the development of our PIERS products. The acquisition of CenTradeX's market-leading software assets and capabilities will help us better meet the needs of our customers and cement our position as the leading provider of international trade market intelligence."
