WALTHAM, Mass. & PORTO ALEGRE, Brazil--(ModusLink Global Solutions™ Inc. (NASDAQ: MLNK) has announced a collaboration with PagBrasil, which will provide e-commerce transaction support in Brazil, where payment options and tax issues are complex and often limiting factors to expansion. With this agreement, ModusLink can offer its e-commerce clients easy access to one of the world’s fastest growing markets.)--
“We selected PagBrasil precisely because their IT infrastructure is proven, robust and it will let us continue exceeding expectations for a world-class online marketplace. This new ability to quickly serve a major commercial region is a huge opportunity for our clients.”
A recent report from Forrester Research indicates e-commerce in Brazil will top 12 billion US dollars in 2012.¹ Companies that wish to do consumer-facing business in the country must be able to manage its numerous and unique payment options for goods and services, including local credit cards, installment plans, cash deposits and payment programs managed by national banks. ModusLink can seamlessly integrate PagBrasil’s payment support services into its clients’ existing e-commerce sites and provide product fulfillment and shipping services from any of its global facilities.
“ModusLink and PagBrasil are a perfect fit, as this strategic agreement lets ModusLink clients confidently expand their online business backed by our 15 years’ experience in processing complex payment transactions,” said Ralf Germer, CEO, PagBrasil. “We believe PagBrasil will benefit from the worldwide scope of ModusLink’s operations and the chance to support its impressive and growing roster of clients.”
“Our e-commerce clients rely on ModusLink for our proven ability to provide online shopping sites that are secure, reliable and conform to each company’s unique brand,” said Scott Crawley, president, global operations, ModusLink. “We selected PagBrasil precisely because their IT infrastructure is proven, robust and it will let us continue exceeding expectations for a world-class online marketplace. This new ability to quickly serve a major commercial region is a huge opportunity for our clients.”
In addition to expanding services to Brazil, ModusLink currently manages all aspects of multi-lingual and multi-currency e-commerce solutions for clients across North America, Europe and the Asia/Pacific region.
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PagBrasil is the premier payment processing service in Brazil designed specifically for international payment providers and e-commerce platforms. Clients gain access to the broadest set of local payment methods, a tailored set of advanced services and its cutting edge IT infrastructure. The company is an expert in the entire sales and payment process with more than 15 years experience processing online payments in Brazil, one of the world’s largest growing e-commerce markets. For more information about PagBrasil’s services please visit www.pagbrasil.com.
About ModusLink Global Solutions
ModusLink Global Solutions Inc. (NASDAQ: MLNK) executes comprehensive supply chain and logistics services that improve clients’ revenue, cost, sustainability and customer experience objectives. ModusLink is a trusted and integrated provider to the world’s leading companies in consumer electronics, communications, computing, medical devices, software, luxury goods and retail. The Company’s operating infrastructure annually supports more than $80 billion of its clients’ revenue and manages approximately 470 million product shipments through more than 30 sites in 15 countries across North America, Europe, and the Asia/Pacific region. For details on ModusLink's flexible and scalable solutions visit www.moduslink.com and www.valueunchained.com, the blog for supply chain professionals.
This release contains forward-looking statements, which address a variety of subjects including, for example, the expected benefits of the arrangement with PagBrasil and expanded service offering described herein. The following important factors and uncertainties, among others, could cause actual results to differ materially from those described in these forward-looking statements: the Company’s success depends on its ability to execute on its business strategy and the continued and increased demand for and market acceptance of its solutions and services, including the expanding offering described herein; the Company may not be able to expand its operations and capabilities in accordance with its business strategy; the Company may experience difficulties integrating technologies, operations and personnel in accordance with its business strategy; the Company derives a significant portion of its revenue from a small number of customers and the loss of any of those customers would significantly damage its financial condition and results of operations; increased competition and technological changes in the markets in which the Company competes; and risks associated with international operations. For a detailed discussion of cautionary statements that may affect the Company's future results of operations and financial results, please refer to its filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q. Forward-looking statements represent management's current expectations and are inherently uncertain. ModusLink Global Solutions does not undertake any obligation to update forward-looking statements made by it.
ModusLink Global Solutions is a trademark of ModusLink Global Solutions Inc. All other company names and products are trademarks or registered trademarks of their respective companies.
¹ Forrester Research Report: “Latin American Online Retail Forecast, 2012 to 2017”, published July 24, 2012, updated August 16, 2012