Management Dynamics becomes Amber Road

   Management Dynamics, a developer of software-as-a-service (SaaS) applications for the shipping industry, said it has 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,” the East Rutherford, N.J.-based firm said. 
   The name change comes during a year of rapid expansion, marked by a 40 percent growth in employees, a 325 percent increase in European bookings, and the opening of an office in Tysons Corner, Va. 
   “We have evolved from a U.S.-based provider of freight management software to the world leader in global trade management,” said Jim Preuninger, chief executive officer, in a statement. “Today, our SaaS-based solutions span 14 software products that include global transportation management, import/export compliance, supplier management, supply chain visibility and a content knowledgebase covering trade regulations and tariffs for more than 120 countries.”