US-based software company E2open has agreed to buy shipping network, software and information provider INTTRA for an undisclosed sum.
INTTRA was formed in 2001 and currently operates a multi-carrier network in 177 countries with more than 35,000 shippers, 60 carriers and 150 integrations with transportation management and port system software partners.
The latest deal will combine INTTRA’s ocean carrier and shipper network with E2open’s business network to create an integrated global logistics and supply chain network.
The combined entity will aim to improve connections and streamline the flow of information between manufacturers, suppliers, shipping service providers, ocean carriers and other global participants.
Subject to regulatory approval, the deal is scheduled to be closed by the end of this year.
E2open CEO Michael Farlekas said: “The combination provides value to all stakeholders – manufacturers, logistics service providers, freight forwarders and ocean carriers.
“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.”
The proposed deal is also expected to expand E2open’s current logistics capabilities in the fields of transportation management, logistics visibility, and transportation forecasting.
The deal is also set to extend E2open’s existing network of more than 3,500 large carriers across 40 countries to book, tender, track and invoice shipments.
E2open, INTTRA and Avantida will be able to serve logistics service providers such as third-party, fourth-party, freight forwarders, and carriers servicing all modes of transportation, including air, road, rail and ocean.