Willkie advised cloud-based supply-chain provider E2open, a portfolio company of Insight Venture Partners, on the transaction.
E2open, the one place in the cloud to run your supply chain, executed the acquisition of INTTRA, the leading ocean shipping network, software and information provider. The combination of INTTRA’s ocean carrier and shipper network with E2open’s industry leading business network will create a unified global logistics and supply chain network. E2open and INTTRA will join efforts to strengthen the connections and streamline the information flow between manufacturers, suppliers, shipping service providers, ocean carriers and all the participants in global trade.
E2open is the largest cloud-based provider of networked supply chain solutions, featuring a complete portfolio of applications that enable the world’s most complex supply chains to better plan, collaborate, and execute their end-to-end operations. More than 70,000 partner companies and 200,000 users, many of the biggest brands and manufacturers across a range of industries, use the E2open network and platform to orchestrate their supply chains, creating efficiencies measured in the billions.
Founded in 2001 by the leading ocean carriers, INTTRA has created the world’s foremost and largest neutral multi-carrier network across 177 countries with more than 35,000 active shippers, 60 carriers and 150 integrations with transportation management and port system software partners. In March 2017, INTTRA acquired Avantida to extend ocean movements into land-based activities and address container reuse and repositioning for ocean carriers, transport companies, terminals, depots, and others. Today, one out of every four ocean containers shipped globally is booked through the INTTRA platform.
The acquisition of INTTRA will extend E2open’s current logistics capabilities, consisting of transportation management, logistics visibility, and transportation forecasting, and a network of more than 3,500 large carriers across more than 40 countries to book, tender, track, and invoice shipments. E2open with INTTRA and Avantida, will offer deep integrations with logistics service providers, from third-party, fourth-party, freight forwarders and NVOCCs, and carriers servicing all modes of transportation – air, road, rail and ocean. The combination brings together advanced planning, visibility, collaboration, and execution for an extensive network of regional and global logistics providers.
The carrier community benefits from a stable, unified operating platform with direct access to large global shippers for fully unified and digitized supply chain and logistics operations. The shipper, beneficial cargo owner, freight forwarder and logistics service provider communities derive value from a larger combined network and new end-to-end solutions that improve operational efficiency, reduce inventories and deliver efficient logistics operations. The synergistic combination will further accelerate new product introductions by leveraging combined technology and research and development capabilities.
Willkie advised E2open with a team including Gordon Caplan (Picture), Morgan Elwyn, Robert Rizzo, David Tarr and Frances Dales.
Involved fees earner: Gordon Caplan – Willkie Farr & Gallagher; Morgan Elwyn – Willkie Farr & Gallagher; Robert Rizzo – Willkie Farr & Gallagher; Frances Dales – Willkie Farr & Gallagher; David Tarr – Willkie Farr & Gallagher;
Law Firms: Willkie Farr & Gallagher;
Clients: E2open, Inc. ;