GlobalWorx, Inc.

TACTIQ MERGES WITH GLOBALWORX, UNIFYING DSD SUPPLY CHAIN OPERATIONS ON A SINGLE PLATFORM MIDLOTHIAN, Va. – To support its growth strategy, expand its capabilities and bring greater transparency across the DSD supply chain, Midlothian-based Tactiq today announced its merger with GlobalWorx Inc.. The deal brings together two Richmond-based companies providing cutting-edge SaaS tools that streamline supply chains by managing the complex data behind the direct-store-delivery industry. “DSD is complex and fragmented, and Tactiq is going to be the organization that unifies it,” Tactiq CEO Mark Devooght said. “We’re creating a single platform on which DSD can operate, putting an end to fractured supply chain communications. Our combined suite of products will help everyone across the supply chain – retailers, distributors and manufacturers – improve their profitability and grow their businesses intelligently. We’re able to do that by putting real-time, store-level data at everyone’s fingertips, helping to ensure products are on shelves when customers need them and invoices are paid within the agreed upon terms. That’s what we call winning retail.” Tactiq serves manufacturers, distributors and small-format retailers, including CVS, Dollar General and Coca-Cola, with products for both out-of-stock management and a pioneering platform to simplify invoicing across ever-growing product volumes and complex pricing structures. GlobalWorx developed an industry-leading collaboration platform, serving grocery chains and other big-box stores, including national Top 10 brands such as Kroger, Harris Teeter and Food Lion. Tactiq and GlobalWorx both were founded in the Greater Richmond region in the early 2000s. The combined Tactiq will operate from a new headquarters on Midlothian Turnpike. In the short term, operations will remain the same for existing Tactiq and GlobalWorx customers. “Each company has demonstrated how innovative products bring greater transparency in product movement through this DSD ecosystem,” said Bill Lecznar, co-founder of GlobalWorx, who will continue to support Tactiq’s growth as Chief Strategy Officer. “Bringing these companies - and the smart minds behind the technologies - together makes tremendous sense and will allow us to keep pushing the envelope in these critical behind-the-scenes operations. Efficiency in this space means everyone can better serve their ultimate customers: today’s consumers, who expect a seamless shopping experience.”