E2open acquires INTTRA to create unified global logistics, supply chain network
Together, E2open and INTTRA will strengthen the connections and streamline the information flow between manufacturers, suppliers, shipping service providers, ocean carriers and all the participants in global trade.
E2open, Austin, Texas, announced plans to acquire INTTRA, a Parsippany Hills, N.J.-based ocean shipping network, software and information provider, to create a unified global logistics and supply chain network. Together, E2open and INTTRA will 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 that enable the world’s most complex supply chains to better plan, collaborate and execute their end-to-end operations.
INTTRA’s neutral multi-carrier network spans across 177 countries with more than 35,000 active shippers, 60 carriers and 150 integrations with transportation management and port system software partners.
“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,” says 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.”
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 and INTTRA and will offer deep integrations with logistics service providers—from third-party, fourth-party, freight forwarders and non-vessel owning common carriers and carriers servicing all modes of transportation, including 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.
“The combination provides value to all stakeholders – manufacturers, logistics service providers, freight forwarders and ocean carriers,” says Michael Farlekas, chief executive officer 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. 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.”