John Fay
Parsippany, NJ, July 1, 2015 — INTTRA, the world’s largest ocean shipping electronic marketplace, today announced that it has raised $9.5 million in a strategic financing round with participation by ABS Capital Partners, a growth equity firm, as well as other existing INTTRA shareholders and management. The new funds will be used to enhance INTTRA’s market-leading e-shipping platform for carriers, third party logistics providers and shippers and to support the continued development of products and services.
“INTTRA’s customer network, platform and leadership team have never been stronger, and we believe there is more we can do to continue delivering value to our customers and the industry, ” said John Fay, CEO, INTTRA. “The investment from ABS Capital Partners and our other shareholders will enable us to strengthen the features of our current platform and accelerate our plans for INTTRA Data Services, as well as pursue other strategic growth opportunities.”
Since its inception in 2000, INTTRA has remained at the forefront of innovation for digital transactions in ocean shipping. Today, a network of over 220, 000 ocean shipping professionals rely on the INTTRA platform to book more than 600, 000 ocean shipping container orders per week, representing 22 percent of the world’s container trade. Following several new executive appointments and a double-digit growth rate in 2014, INTTRA is well-positioned to help its customers transform the way they manage their shipping processes, as well as improve efficiency, enhance collaboration and reduce risk across the supply chain.
“INTTRA continues to demonstrate its market leadership and influence the adoption of e-commerce solutions in the shipping sector. While other technology companies are just now entering this market, INTTRA is working on what’s next with its customers based on future market needs, ” said Bobby Goswami, General Partner at ABS Capital Partners. “We are proud to support INTTRA in the next phase of its growth.”
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About INTTRA
INTTRA is the world’s largest, multi-carrier e-commerce marketplace for ocean shipping. INTTRA professionals work with 54 leading carriers and NVOCCs, 109 software alliance partners, as well as their customers, to streamline and standardize their shipping processes worldwide through a network of more than 220, 000 shipping professionals. Over 600, 000 container orders are initiated on the INTTRA platform each week, representing 22 percent of global ocean container trade.
About ABS Capital Partners
For 25 years, ABS Capital has been investing in later-stage growth companies, helping CEOs capitalize on new opportunities and navigate unforeseen obstacles – while never losing sight of the ultimate goal of achieving lasting excellence. Our partners have decades of experience as C-level executives, investment bankers and investors in the industries we invest in: business and education services, information and communications technology, and health care. This combination of experience and expertise means we have a laser-focus on the specific needs growth companies face as they look to get to the next level. By helping to transform over 110 companies through their most important stage of development, ABS continues to help unleash the potential for lasting growth. ABS Capital Partners. Here, we grow. For more information, visitwww.abscapital.com
