E2open, a provider of supply chain solutions, has announced that it has completed the acquisition of ocean shipping network INTTRA.
The unification of E2open and INTTRA, the world’s largest neutral shipping network, is expected to increase the efficiency of the global supply chain and ease logistics management.
According to a statement, the combination of the largest ocean shipping network with the largest beneficial cargo owner (BCO) supply chain network will bring many other benefits.
Inna Kuznetsova, INTTRA, discusses how ocean shipping can prepare for the future by evolving cybersecurity in a recent Port Technology technical paper
As part of the unification, customers of both companies will have end-to-end visibility of shipments in real-time, as well as the ability to monitor and react to changing global needs.
In addition to this, the combination of E2open and INTTRA will provide enhanced visibility into manufacturing forecasts and future shipping needs.
Read the first part of Port Technology’s exclusive interview with Inna Kuznetsova on INTTRA’s takeover by E2open
E2open will offer “INTTRA by E2open” as a dedicated product, providing INTTRA’s existing customers with the transportation management and port system integrations that currently drive more than 25% of all ocean containers shipped globally.
John Fay, CEO of INTTRA, will leave the organization following a transition period, with Santosh Nanda, currently E2open’s Senior Vice President of Product Development, leading the “INTTRA by E2open” business unit in his place.
It’s official! E2open completes acquisition of @INTTRA. Together, two industry leaders are building the future of #logistics. Read more: #shipping #supplychain /8ZOCqpr14K
— E2open (@E2open) November 27, 2018
Michael Farlekas, President and Chief Executive Officer of E2open, commented: “Global trade slows for no one and customers demand solutions that streamline information flows across manufacturers, suppliers, shipping services, ocean carriers and participants of all sizes.
“INTTRA by E2open will bring even more value and ease of use to customers who need to make supply chain and logistics management their competitive advantage through a unified platform and real time end-to-end visibility – further bridging the gap between planning and execution.”
As part of the INTTRA acquisition, which has now received regulatory approval, the land-based activities of Avantida, such as container reuse and repositioning, will now be available as a service to E2open’s network of more than 200,000 users and 70,000 partner companies.
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