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INTTRA acquired by E2open

Online ocean carrier trade platform INTTRA has announced that it has been acquired by E2open, a Cloud-based provider of networked supply chain systems, with the aim of creating a unified global digital logistics and supply chain network.

{mprestriction ids="1,2"}Following completion of the deal, which is expected by year end 2018 after receipt of regulatory approval, E2open and INTTRA say they will combine their efforts to streamline information flows between manufacturers, suppliers, shipping service providers, ocean carriers and all the participants in global trade.

Founded in 2001, INTTRA’s network spans 177 countries and includes 60 carriers, with the system integrated with approximately 150 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, INTTRA says that one out of every four ocean containers shipped globally is booked through its 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.”{/mprestriction}

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