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AUSTIN, TX: October 22, 2018. Cloud-based provider of supply chain solutions E2open has acquired INTTRA, the ocean shipping network, software and information provider.

The purchase, terms of which have not been officially disclosed, is expected to close by the end of 2018 following regulatory approval.

Crowley El CocquiE2open said the acquisition will enable its logistics network of more than 3,500 large carriers across more than 40 countries to book, tender, track and invoice shipments and streamline the information flow between manufacturers, suppliers, shipping service providers and ocean carriers.

Founded in 2001 by leading ocean carriers, the INTTRA network now spans 177 countries, 35,000 active shippers, 60 carriers and 150 integrations with transportation management and port system software partners. One out of every four ocean containers shipped globally is booked through the INTTRA platform, it said.

In March last year INTTRA acquired Avantida to extend ocean movements into land-based activities and address container reuse and repositioning for ocean carriers, transport companies, terminals and depots.

“E2open and INTTRA have a similar consortium heritage and culture – both were born to solve similar problems for their respective ecosystems, to improve efficiencies, overcome data exchange constraints, and reduce the friction associated with doing business,” said John Fay, INTTRA CEO. “In joining forces with E2open, a company that shares our values and understands the benefits of global business networks, we envision a single platform with accelerated innovation to connect, streamline, and operate all aspects of global manufacturing, logistics, and distribution, resulting in immediate benefits for all stakeholders.”

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