One of the worlds leading supply chain cloud solution providers has completed an acquisition of leading ocean shipping network.
E2open announced in a statement this week that it had completed the acquisition of INTTRA. E2open, the largest cloud-based provider of networked supply chain solutions, offers a complete portfolio of intelligent applications that enables the world’s most complex supply chains to better plan, collaborate, and execute their end-to-end operations – from procurement to manufacturing to distribution and fulfilment.
The combination of the largest ocean shipping network with the largest beneficial cargo owner supply chain network will see real-time end-to-end visibility with the ability to monitor and react to changing global needs, create more efficient ocean shipping with the integration of procurement, manufacturing and distribution and leverage better logistics capacity utilisation with enhanced visibility into manufacturing forecasts and future shipping needs.
Some of E2open’s global customers include Canon, Unilever, Toshiba, Vodafone, Mondelez International and Microsoft.
INTTRA by E2open will be a dedicated product offering committed to providing INTTRA customers with the transportation management and port system integrations that currently drive more than 25 percent of all ocean containers shipped globally.
John Fay, Chief Executive Officer of INTTRA, will be leaving the organization after a transition period. Under John’s leadership INTTRA has made tremendous progress in the face of tough markets. During his tenure, INTTRA volume had grown by 40 percent, revenue by 30 percent, and profitability increased fourfold. Santosh Nanda, currently E2open’s senior vice president of product development, will lead the “INTTRA by E2open” business unit following the transition period.
“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,” said Michael Farlekas, president and chief executive officer of E2open. “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.”
Avantida – part of the INTTRA acquisition – further extends that efficiency by helping to coordinate land-based activities like container reuse and repositioning. Both offerings will see even further reach and efficiencies as part of E2open’s global supply chain network of more than 200,000 users and 70,000 partner companies.