E2open to acquire INTTRA

E2open, one of the industry’s biggest cloud-based providers of networked supply chains, announced the acquisition of INTTRA, a leading ocean shipping network, software and information provider.

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 SCMR in an interview that this partnership will address problems recurring an 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.