Technology

E2open Acquire INTTRA to Create a Unified Network

E2open Acquire INTTRA to Create a Unified Network
Logistics Manager

US-based E2open, a provider of cloud-based, on-demand software for supply chains recently announced the acquisition of one of the leading ocean shipping networks, INTTRA.

With this acquisition, a new unified global logistics and supply chain network will be created drawing on expertise from both E2open’s industry-leading business network and INTTRA’s ocean carrier and shipping network.

E2open provides a complete portfolio of applications that allow the most complex supply chains to plan, collaborate, and execute their end-to-end operations far more efficiently. Many of the world’s biggest brands and manufacturers use the E2open network with more than 70,000 partner companies and close to 200,000 users benefiting from the platform with more efficient supply chains.

INTTRA was founded in 2001 by the leading ocean carriers, since then it has become the world’s foremost and largest neutral multi-carrier network spanning 177 countries with over 35,000 active shippers, 60 carriers and 150 integrations with transportation management and port system software partners.

INTTRA Chief Executive Officer, John Fay had this to say on the acquisition, “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.”

Mr. Fay continued, “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.”

E2open Chief Executive Officer, Michael Farlekas added, “The combination provides value to all stakeholders – manufacturers, logistics service providers, freight forwarders and ocean carriers, we aim to bridge the gap between manufacturing and logistics with execution capabilities on a unified platform with real-time end-to-end visibility. Shippers will be able to better leverage ocean shipping efficiency, ocean carriers will be able to improve customer experience, and freight-forwarders will be more effective in multi-modal and integrated logistics operations to help grow their respective businesses. We will continue to strive to deliver on our vision of a networked platform on which our customers can operate their end-to-end operations in real-time.”

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