On March 4, 2021, project 44, Inc., the global leader in supply chain visibility, announced it has acquired Ocean Insights, GmbH, the number one solutions provider for ocean freight intelligence. On the heels of customer and revenue growth in 2020, project44 is acquiring Ocean Insights to expand its ocean logistics solutions by adding the broadest container tracking capabilities in the market, as well as one-of-a-kind sailing schedule and ocean analytics products. Combining Ocean Insights’ tracking and analytics with the project44 platform and ecosystem establishes project44 as the market leader with an unrivaled set of multi-modal solutions for end-to-end supply chain visibility. European law firm Noerr and Wilson Sonsini Goodrich & Rosati represented project 44 in the transaction.

Surging global trade since the outset of the pandemic has resulted in massive disruptions in the global supply chain. Since March 2020, freight rates increased by as much as 174 percent due to the increased global demand for electronics, PPE goods, and stay-at-home consumer products. At the same time, COVID-19 and other restrictions have caused significant port congestions, and rollover percentages have never been higher. To meet these global challenges and build resilience, supply chain leaders are adopting global freight visibility and digitalization.

While most visibility providers depend on third parties for ocean tracking data, Ocean Insights has built native integrations with shipping lines to ingest data directly from the source, giving customers the richest visibility across global containerized ocean shipments. Ocean Insights also offers unique data analytics, providing customers advanced insight into unforeseen events and overall shipping trends.

Today, project44 offers the world’s largest over-the-road carrier network with connections to more than 800 ELD/telematics devices. With project44’s leading over-the-road, rail, and air visibility solutions, the acquisition will expand ocean visibility capabilities and offer the most complete, end-to-end, global and multi-modal supply chain visibility solution.

The Wilson Sonsini team that served as U.S. counsel to project44 in the acquisition includes:

Corporate
Michael Coke
Christina Poulsen
Broderick Henry
Travis Scheft
Bartek Sudol

For more information, please see project44’s press release.