MRI Software acquires iInterchange systems to strengthen intermodal software capabilities
MRI Software, a global provider of software solutions for real estate, lease management, and intermodal operations, has announced the acquisition of Chennai-based iInterchange Systems, a leading container shipping and logistics software company. Founded in 2004, iInterchange enhances MRI Intermodal, a business unit of MRI Software, with specialised solutions for container leasing and trading, depot management, electronic data interchange, and container maintenance and repair operations.
“We’re excited to welcome iInterchange to the MRI family,” said Ian Rawlins, GM of Intermodal at MRI Software. “The combined expertise of iInterchange and MRI strengthens our capabilities in the intermodal software sector, enabling us to accelerate future innovation and global scale. Clients will gain a modernised user experience and revitalised technology stack to further enhance operational efficiency and drive competitive advantage for their container leasing and trading business.”
Specialised technology plays a vital role in supporting agile container leasing businesses, which must remain responsive to customer demands and unforeseen challenges. With international seaborne trade carried by container ships increasing by 267 percent between 2000 and 2023, maritime transit now accounts for 90 percent of global trade. Disruptions such as container shortages, pandemics, and geopolitical uncertainties can significantly impact supply chains and the wider global economy.
The intermodal market relies on purpose-built software solutions to drive operational efficiency, reduce costs, and improve profitability. These specialist systems offer a cost-effective alternative to in-house solutions, which are expensive to develop and maintain, and manual or spreadsheet-based processes, which carry a high risk of errors and associated business risks.
“For 20 years, iInterchange has been at the forefront of innovation for the intermodal software industry,” said Bijoy Paulose, MD of iInterchange. “Joining forces with MRI will benefit our team, our clients, and the industry as a whole, as we continue to leverage our collective domain knowledge and expertise to drive better business outcomes. As part of MRI, our clients will be able to take advantage of the extensive resources available through a larger global organisation.”
Venkat Narayanan, CEO of iInterchange, added: “iInterchange will continue to provide highly responsive support to its clients, aligned with their evolving business needs.”
This strategic acquisition underscores MRI Software’s commitment to delivering advanced intermodal solutions and fostering innovation in a rapidly evolving global logistics landscape.
For more information visit www.mrisoftware.com
17 December 2024