The company plans to go public in late September. The company has a comprehensive set of technologies. There is eContent, which is a huge source of trade regulations and requirements. Next, there is TradeSphere, which is software that helps with the exchange of goods across international borders. Basically, it is a portal that delivers e-Content, TradeSphere and other Vastera services over the Web.
Regulatory compliance is critical for international trade.
An audit from the U.S. Customs Service averages about 15 months. An example of a happy client of Vastera is Nortel. As the company's international sales mushroomed, Nortel realized that its in-house capabilities were unable to handle the myriad documentation requirements. The result was delayed deliveries. With Vestera, Nortel was able to deploy solutions in the United States, Canada, UK, Mexico, Brazil, Malaysia and Singapore.