GE buys top supply chain software provider ShipXpress

• Big boost for ShipXpress whose technology and marketing wing is based in Colombo

GE Transportation, the world’s leading producer of rail and transportation-related products and offerings, has announced its acquisition of ShipXpress, a top provider of cloud-based software solutions that enable transportation, industrial, and commodities businesses to efficiently operate with supply chain partners.

ShipXpress was founded 16 years ago by a few people with great ideas and has grown into an industry-leading business.

ShipXpress began its international expansion in 2005, by establishing an office in Colombo. The company claims growth in excess of 50% thus far in 2016, which is expected to continue and accelerate further. Currently the company employs over 200 professionals. ShipXpress is headquartered in Neptune Beach, Florida, USA, while its technology and marketing wing is based in Colombo, Sri Lanka.  All the technological developments, sales, and marketing processes are managed from Colombo. The acquisition extends GE Transportation’s portfolio of solutions into the logistics value chain, giving it new offerings for shippers, and expanding its ability to deliver information and transaction services for railroad customers around the world. This acquisition also deepens GE Transportation’s domain expertise, enriching the division with a talent pool of nearly 200 industry, technical, and software development experts.

“By combining ShipXpress’ innovative software products with GE’s sensing technology and industrial-strength platform Predix, we’ll deliver the industry’s most advanced, scalable cloud-based solution to accelerate the movement of goods and information, and enhance supply chain performance and customer service,” said Jamie Miller, GE Transportation President and CEO. “Our combined capabilities will help short-line railroads better analyze their rail operations, car accounting and supply chain information, and deliver a data-rich path to ongoing performance improvement, asset and operations optimization.”

“We are thrilled to become part of GE Transportation’s Digital Solutions team and transform the role of rail, truck and other modes of transport in global supply chain management,” said Raghu Misra, Co-CEO and Co-Founder of ShipXpress. Added Seth Maerowitz, Co-CEO and Co-Founder of ShipXpress, “Through this integration, we will help our customers achieve the promise of real-time collaboration among trading partners, the industrial internet; greater control, lower costs and increased operational efficiencies.”ShipXpress is the premier provider of cloud-based software solutions which enable transportation, industrial, and commodities businesses to operate and collaborate efficiently with their supply chain partners. Major North American railroads and Fortune 500 companies in the energy, agriculture, chemicals, and metal industries depend on ShipXpress to deliver customized supply chain solutions. We provide software solutions to help businesses of all types and sizes manage data, simplify manual processes, and improve analysis.