In its second-largest acquisition, Amazon buys the company for $970 million.
Inttra is a leading global provider of e-commerce solutions to the ocean freight industry.
Parsippany, NJ and San Francisco, CA, March 12, 2012 - INTTRA, the world's largest, most active, independent transactional network for ocean freight, and Tradeshift, a secure online electronic invoice network for B2B collaboration, have entered into a strategic alliance to enable ocean carriers and their customers to manage ocean freight invoices, disputes and payments on a common platform with a single connection.
"Tradeshift brings affordable e-invoicing to companies by consolidating all their suppliers onto a single network in the cloud," said Christian Lanng, Tradeshift co-founder and CEO. "Our alliance with INTTRA brings an integrated electronic invoicing solution to ocean freight carriers, forwarders, and shippers that enables them to implement effective and efficient electronic invoicing across their entire organization. It provides for the complex ocean-specific invoicing and electronic dispute management that they require."
"INTTRA eInvoice provides ocean carriers and their customers with electronic invoice presentation, automated matching of carrier invoices to estimates, and automated dispute management capabilities that can be implemented in concert with any electronic invoicing and payment system," said Ken Bloom, CEO of INTTRA. "We are pleased Tradeshift is the first enterprise electronic invoicing solution to be integrated with INTTRA, and welcome them to our network of alliance partners. Tradeshift and INTTRA have indeed answered the call for enterprise-wide electronic invoicing for all their customers while supporting the operational needs for detailed ocean-specific invoice information," added Bloom.
Tradeshift connects businesses on a secure online network to help them work collaboratively and manage tasks such as invoicing and cash flow. In the Tradeshift cloud, businesses create a network with their suppliers, customers and partners to streamline common business processes powered by the latest social technologies.
Launched in May 2010, Tradeshift already has 60,000 companies across 190 countries and is attracting 2,000 new users every week. Businesses on the Tradeshift platform include ASP NHS, the French Government, Kuehne+Nagel, TDC, DT Group and DSV. In 2010, Tradeshift was awarded Best Enterprise at The Techcrunch Europa awards and Most Innovative Solution by Financial-I.
Tradeshift is a UK Ltd company with offices in Copenhagen, London, San Francisco, Paris, Frankfurt and Amsterdam.
Tradeshift fundamentally shifts the way you do business. For more information, visit tradeshift.com/enterprise
For further information, visit tradeshift.com or contact Renette Youssef, chief marketing officer, +1.415.730.9248, firstname.lastname@example.org
INTTRA is a leading global provider of e-commerce solutions to the ocean freight industry. INTTRA professionals work with over 30 leading carriers and their customers to streamline and standardize their shipping processes worldwide through a network of more than 30,000 corporate locations. Over 500,000 container orders are initiated on the INTTRA platform each week, representing more than 15 percent of global ocean container trade.
For further information, visit www.inttra.com or contact Win Ross, corporate communications manager, +1.973.917.1509, email@example.com