INTTRA Launches Initiatives with Investment from ABS Capital Partners

INTTRA has announced that ABS Capital Partners has made a US$30 million investment in the former to accelerate future growth of the company. The former will use these funds to develop new products and services and for new market opportunities. It also achieved new milestones introducing an industry eInvoice platform and NVOCC (Non-Vessel Operating Common Carrier) product. These initiatives will be supported and enhanced by this investment.

"This investment follows $100 million of long term contracts with ocean carriers, now extended, and further strengthens our position as the premier global e-commerce shipping platform and a valued resource in the industry," said Ken Bloom, CEO of INTTRA. "We believe that through this investment, our customers will benefit significantly through development and delivery of new, value-driven products and services. ABS Capital's investment will give us the financial strength to accelerate our business plans and operations."

These plans include developing and implementing a commercial strategy that consists of a dedicated sales staff for both carrier and high-volume shipper accounts and a professional services program to assist carriers, freight forwarders and NVO's in achieving their e-commerce objectives. INTTRA's current solutions connect ocean carriers and shippers on a global e-commerce network and enable standardized automation of critical functions such as user acquisition, shipment booking and management and freight settlement.

INTTRA, www.inttra.com