E2open to Acquire INTTRA Bringing Global Ocean Shipping to the Largest Business Network
The Combination of E2open and INTTRA forms the Global Logistics and Supply Chain Network with Access to World-Wide Ocean Container Capacity and information.
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At E2open, we’re creating a more connected, intelligent supply chain. One that starts with the ability to sense and respond to real-time demand and supply constraints. One that brings together data from customers, channels, suppliers, contract manufacturers and partners. One that enables companies…
INTTRA is the world’s largest, multi-carrier network for the ocean shipping industry. Our solution enables customers to efficiently and easily plan, book, manage, settle and analyze ocean freight shipments with the 40 leading carriers and NVOCCs. We’ve made it our mission to streamline…
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E2open to Acquire INTTRA
Pending regulatory agencies approval, 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.
Michael Farlekas, chief executive officer of E2open, told Supply Chain Management Review in an interview that this partnership will address problems recurring in a “highly fragmented” industry.
“Supply chains have been stuck in too many silos for too long,” he said.
“We are aiming to break those down, and simplify business processes for managers while also saving them money long term.”
Inna Kuznetsova, chief operating officer of Inttra said in an interview that predictive analytics will also make this partnership attractive to supply chain managers.
“With the transparency that our new enterprise introduces, managers will be able to develop far more accurate forecasts,” she added.
E2open features a complete portfolio of applications designed to enable 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.
In March 2017, INTTRA acquired Avantida to extend ocean movements into land-based activities and address container reuse and repositioning for ocean carriers, transport companies, terminals, depots, and others.
Today, one out of every four ocean containers shipped globally is booked through the INTTRA platform.
E2open, owned by Insight Venture Partners, has been on an acquisition spree over the past three years as it moves closer to a broader technology known as enterprise resource planning software, which would put into more direct competition with other supply chain software giants.
The Wall Street Journal reported that the company faltered in what appears to be its biggest acquisition bid in February 2017 when global trade management software company Amber Road Inc. rejected a hostile buyout bid at $10.50 a share, or more than $300 million.
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Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review magazines and web sites. Patrick is a widely-published writer and editor who has spent most of his career covering international trade, global logistics, and supply chain management. He lives and works in San Francisco, providing readers with a Pacific Rim perspective on industry trends and forecasts. You can reach him directly at [email protected]