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TheStreet Open House

ModusLink Teams With PagBrasil And Expands E-Commerce Support To 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.

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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