E2open has announced the acquisition of INTTRA, the ocean shipping network and software provider offering digital container booking services.
The companies say they will work together to strengthen the connections and streamline the information flow between manufacturers, suppliers, shipping service providers, ocean carriers and all the participants in global trade.
E2open is a cloud-based provider of networked supply chain solutions, with more than 70,000 partner companies and 200,000 users, who use the E2open network and platform to manage their supply chains.
Founded in 2001, INTTRA has created a neutral multi-carrier network with approximately 60 carriers and 150 integrations with transportation management and port system software partners. In March 2017, INTTRA acquired Avantida to extend ocean movements into land-based activities and address container reuse and repositioning. Today, one out of every four ocean containers shipped globally is booked through the INTTRA platform.
“E2open and INTTRA have a similar consortium heritage and culture – both were born to solve similar problems for their respective ecosystems, to improve efficiencies, overcome data exchange constraints, and reduce the friction associated with doing business,” said John Fay, chief executive officer of INTTRA.
“In joining forces with E2open, a company that shares our values and understands the benefits of global business networks, we envision a single platform with accelerated innovation to connect, streamline, and operate all aspects of global manufacturing, logistics, and distribution, resulting in immediate benefits for all stakeholders.”
Connecting E2open with INTTRA and Avantida will offer deeper integration with logistics service providers, from third-party, fourth-party, freight forwarders and NVOCCs, and carriers servicing all modes of transportation – air, road, rail and ocean.
The transaction is expected to close by year end 2018 after receipt of regulatory approval.