Dulles, VA - (April 7, 2003) - Vastera, Inc. (Nasdaq: VAST), the worldwide leading provider of solutions for Global Trade Management (GTM), today announced that Seagate Technology, the worldwide leader in the design, manufacturing and marketing of hard disc drives, has deployed Vastera's TradeSphere Exporter software in 10 countries spread across North America, Europe and Asia. In addition, Seagate is deploying Vastera's TradeSphere Importer software in its UK operations.
"Our worldwide clients rely on quick and predictable delivery of data storage and access devices," said Pranab Sinha, executive director of IT at Seagate. "Because our disc drives are central to the Enterprise, PC and Consumer Electronics applications that our clients manufacture, we go to great lengths to ensure that our international shipments arrive complete and on-time. Vastera's TradeSphere software has simplified the way we perform regulatory checks at the time of order, as well as electronically file trade information with the appropriate government agencies. In short, TradeSphere helps us maintain a high level of customer service."
Seagate utilizes Vastera's TradeSphere Exporter software to file shipment information, generate trade documentation, perform regulatory compliance checks and determine if end-use destinations are under embargo. The TradeSphere solution has streamlined Seagate's export process increasing compliance and reducing operational costs. In the UK, Seagate is deploying Vastera's TradeSphere Importer software to electronically file import declarations, control customs warehousing and inward processing relief and generate periodic reports to customs.
"In partnership with Seagate, we worked to ensure they would gain full benefit of our solutions as we have for other multi-national companies," stated Michael Jepsen, Vice President of Worldwide Sales & Marketing for Vastera. "We have been able to drive efficiency improvements at Seagate by standardizing its export systems around the world, and automating many of the complex tasks required to ship goods internationally."