E2Open Supply Chain Cloud Acquires INTTRA
E2open, the one place in the cloud to run your supply chain, has announced the acquisition of INTTRA, the leading ocean shipping network, software and information provider.
The combination of INTTRA’s ocean carrier and shipper network with E2open’s industry leading business network will create a unified global logistics and supply chain network.
E2open and INTTRA will join efforts 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 the largest cloud-based provider of networked supply chain solutions, featuring a complete portfolio of applications that enable the world’s most complex supply chains to better plan, collaborate, and execute their end-to-end operations.
More than 70,000 partner companies and 200,000 users, many of the biggest brands and manufacturers across a range of industries, use the E2open network and platform to orchestrate their supply chains, creating efficiencies measured in the billions.
Founded in 2001 by the leading ocean carriers, INTTRA has created the world’s foremost and largest neutral multi-carrier network across 177 countries with more than 35,000 active shippers, 60 carriers and 150 integrations with transportation management and port system software partners.
The acquisition of INTTRA will extend E2open’s current logistics capabilities, consisting of transportation management, logistics visibility, and transportation forecasting, and a network of more than 3,500 large carriers across more than 40 countries to book, tender, track, and invoice shipments.
E2open with INTTRA and Avantida, will offer deep integrations 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 combination brings together advanced planning, visibility, collaboration, and execution for an extensive network of regional and global logistics providers and end users.
The transaction is expected to close by year end 2018 after receipt of regulatory approval.
Read More: INTTRA Sets Record Transaction Volume