News

MRI Software acquires iInterchange to expand global intermodal software business

MRI Software has acquired Chennai-based iInterchange Systems – a container shipping and logistics software company.

Founded in 2004, iInterchange complements the existing functionality of MRI Intermodal, a business unit of MRI Software, with specialised solutions for container leasing and trading, depot management, electronic data interchange (EDI) and container maintenance and repair (M&R) operations.

“We’re excited to welcome iInterchange to the MRI family,” said Ian Rawlins, general manager 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 is essential to operate an agile container leasing business that is responsive to customer needs and unforeseen challenges.

The volume of international seaborne trade carried by container ships increased 267% from 2000 to 2023 and maritime transit accounts for 90% of international trade. Potential disruptions, such as container scarcities, pandemics, and geopolitical uncertainty, an result in supply chain issues impacting the global economy.
 
“For 20 years, iInterchange has been at the forefront of innovation for the intermodal software industry,” said Bijoy Paulose, managing director 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.”