E2open acquiring container shipping platform INTTRA

Cloud-based provider of networked supply chain solutions E2open is acquiring container shipping back end fulfilment company INTTRA.

The acquisition will combine E2opens’s base od 70,000 partner companies and 200,000 users, many of the biggest brands and manufacturers across a range of industries with INNTRA’s multi-carrier network across 177 countries with more than 35,000 active shippers and 60 carriers. One in four containers booked globally goes through INTTRA’s systems.

“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, CEO 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.”

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No financial details were revealed on the transaction which is expected to close at the end of the year following regulatory approvals.

“The combination provides value to all stakeholders – manufacturers, logistics service providers, freight forwarders and ocean carriers,” said Michael Farlekas, CEO of E2open. “We aim to bridge the gap between manufacturing and logistics with execution capabilities on a unified platform with real-time end-to-end visibility.”

Posted 22 October 2018

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Marcus Hand

Author Bio ▼

Editor, Seatrade Maritime News Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with nearly two decades of experience covering the shipping industry in Asia. In addition to running Seatrade's maritime and offshore news website based from Singapore he is the Asia Editor of Seatrade Maritime Review. Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Prior to joining Seatrade at the beginning of 2010 Marcus worked for shipping industry journal Lloyd's List for a decade and previous to that the Singapore Business Times covering shipping and aviation.

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