History
Management Dynamics was founded in 1990 by Jim Preuninger, who maintains his role as CEO of the company. Prior to founding the company, Jim founded an ERP and Supply Chain Management VAR, and developed an automated tariff management system for the containerized transportation space. In 1999, the company developed the first fully automated contract management system for carriers, shippers, and logistics service providers. Mr. Preuninger holds a Bachelor's degree in Computer Science from Drexel University.
In March of 2011, Goldman Sachs Group Inc. (GS) agreed to invest as much as $65 million in Management Dynamics to enable the company to pursue an acquisition. Goldman Sachs provided $15 million in equity up front and plans to supply as much as $50 million more in the future. Goldman Sachs holds a minority stake in Management Dynamics.
In November 2011, Management Dynamics changed its name to Amber Road. Derived from the ancient trading route of the same name, Amber Road evokes images of trade throughout history and more accurately embodies the nature of the company's business.
Jim's brother, John Preuninger, is the President and Chief Operating Officer of Amber Road. For the past 15 years, John has managed the sales, research and development, and service organizations for Amber Road. Previously, John was a strategy consultant at Monitor Company, advising multinational corporations on business strategy and execution. John has a Master's degree in Business Administration from Harvard Business School, and a Bachelor's degree in Business Administration from Drexel University.
Read more about this topic: Management Dynamics
Famous quotes containing the word history:
“We may pretend that we’re basically moral people who make mistakes, but the whole of history proves otherwise.”
—Terry Hands (b. 1941)
“There are two great unknown forces to-day, electricity and woman, but men can reckon much better on electricity than they can on woman.”
—Josephine K. Henry, U.S. suffragist. As quoted in History of Woman Suffrage, vol. 4, ch. 15, by Susan B. Anthony and Ida Husted Harper (1902)
“I cannot be much pleased without an appearance of truth; at least of possibility—I wish the history to be natural though the sentiments are refined; and the characters to be probable, though their behaviour is excelling.”
—Frances Burney (1752–1840)