SUPPLYLINKS CLOSES DOORS
SupplyLinks, a logistics electronic commerce company headed by former Emery Worldwide and Circle International chief executive David Beatson, said it shut down operations this week after being denied further funding from investors.
A funding deal worth more than $6 million fell apart after the lead investor pulled out, a spokesman for the company said. SupplyLinks was unable to find an alternative.
Launched last year by venture capitalists and Global Logistics Technologies Inc, a Connecticut-based developer of enterprise logistics management software, SupplyLinks had signed agreements with several transport firms to provide a virtual service network for small and medium-sized shippers. The company was based in South San Francisco.