FOURKITES, which supplies supply-chain software, has acquired Haven, which specialises in software for international ocean shipping, documents management and tracking.
FourKites also announced the launch of Dynamic OceanSM. The product integrates advanced document management capabilities, robust collaboration features and support for bookings, with superior end-to-end real-time tracking.
FourKites said the benefits of Dynamic Ocean include expedited flow of goods through busy ports; significantly reducing detention and demurrage costs; and improved customer satisfaction. The product builds on technologies gained through its acquisition of Haven.
Haven CEO Brad Klaus said his company would bring their expertise in software-as-a-service, supply chain and ocean tracking to FourKites.
“There is nothing like Dynamic Ocean in the market. It is a true game-changer for organisations that ship internationally via ocean,” Mr Klaus said.
FourKites said Dynamic Ocean covers 99% of global container traffic and more than 750 ports, providing unprecedented visibility into ocean shipments. Comprehensive APIs enable data sharing between Dynamic Ocean and other critical shipper systems including TMS and ERP platforms.
FourKites founder and CEO Mathew Elenjickal said ocean shipping is extremely complex.
“Together with Haven, we are proud to introduce new end-to-end ocean capabilities that have been sorely lacking in the industry, and that are now mission-critical to effective management of ocean shipments.”