EC Facebook Should Have Purchased GT Nexus And Move Supply-Chains To The Cloud

Holy guacamole, Facebook (FB) may have finally shot itself in the foot. What was it thinking when it paid about $2 billion for virtual reality company Oculus VR. The announcement inspired disappointment among gamers, led to the cancellation of a deal with the game developer of Minecraft and confused many as to what Facebook planned to do with the company.

Why doesn't Mark Zuckerberg and company go after a really worthwhile enterprise like privately-held GT Nexus? Now there's a company that fills a big niche in the world of supply-chain management using the cloud, instead of Oculus which is like trying to buy "cloud 9".

GT Nexus, Inc. provides a cloud-based supply chain collaboration platform for retailers, manufacturers, exporters, importers, logistics providers, and banks. The company offers GT Nexus Trade, which facilitates the commercial trade process among buyers, sellers, and banks from purchase orders to payment; and FGT Nexus Logistics that execute logistics processes between importers, suppliers, carriers, and third party logistics from shipping orders to cargo receipt at final destination.

It also provides Cloud Tools, a multi-enterprise trade network administration solution that allows authorized participants to independently manage their interactions with other companies on the GT Nexus cloud platform. The company has strategic alliances with Chainalytics LLC; Kinaxis Inc.; Exlservice Holdings, Inc.; and WNS (Holdings) Ltd. GT Nexus, Inc. was formerly known as Tradiant, Inc. and changed its name to GT Nexus, Inc. on April 2, 2001. The company was founded in 1998 and is based in Oakland, California.

Recently I had the pleasure of interviewing the Founder and Vice Chairman of GT Nexus, Kurt Cavano, I realized that his company is demonstrating every day why "the cloud" can be used for the most practical functions for every company on the planet that transacts virtually any kind of business.

Tracking everything from financial transactions to helping businesses stay connected with all their suppliers simultaneously is just the tip of the iceberg on what this company's technologies are all about.

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Nothing in this commentary should be construed as investment advice or guidance or any recommendation to buy or sell any financial instrument. It is not intended as investment advice or guidance, nor ...

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