E2open Buys Leading Ocean Freight Software Firm Inttra
E2open, an Austin-based software company that provides cloud-based services for the supply chain industry, said Oct. 22 that it had acquired New Jersey-based Inttra, a software company that provides various tools to shippers and carriers in the ocean freight industry.
With the purchase, E2open said it will be able to streamline the information that is passed between manufacturers, suppliers, shipping service providers and ocean carriers. The company did not say how many employees it would add through the deal.
Inttra:
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Founded in 2001, it says that its network reaches 177 countries and more than 35,000 active shippers and 60 carriers.
“The combination provides value to all stakeholders — manufacturers, logistics service providers, freight forwarders and ocean carriers,” Michael Farlekas, CEO of E2open, said in a written statement. “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.”
Founded in 2000, E2open provides a cloud-based system for businesses’ supply chain management, which includes real-time data from customers, channels, suppliers, contract manufacturers and partners. Its customers include Advanced Micro Devices, Microsoft and Oracle, and the company said it is used by more than 200,000 customers across various industries.
Although Inttra started out as an electronic booking system for the ocean freight industry, its tools have evolved to provide multiple solutions for shippers and carriers’ operations. One out of every four ocean containers shipped globally is booked through its system, Inttra said. The acquisition will connect Inttra to E2open’s network of more than 3,500 large carriers across more than 40 countries to book, tender, track and invoice shipments.
Financial terms of the deal were not disclosed.
