Skip to content
Search AI Powered

Latest Stories

Fortna says Optricity acquisition will help clients meet e-commerce demands

Firms say combined offerings will improve speed and accuracy in SKU picking.

optricity about_1.jpeg

Supply chain systems design and integration firm Fortna Inc. has acquired Optricity, a warehouse optimization software company, saying their combined platforms could help both companies’ clients to meet the ever-growing demands of e-commerce requirements.

Terms of the deal were not disclosed, but the firms said the North Carolina-based Optricity management team will join the Fortna organization following the transaction.


According to Atlanta-based Fortna, the firms’ offerings will let clients improve the speed and accuracy of their order fulfillment capabilities by enabling labor to pick the right stock-keeping unit (SKU) at the right time from the right location.

“The Fortna / Optricity solution will enable companies to enhance the management of daily operations, minimize inventory volatility, and amplify their ability to maintain their brand promise of fast and accurate fulfillment – achieving the new normal for distribution success,” Fortna CEO Rob McKeel said in a release. 

In addition, Fortna said it will leverage Optricity software experts’ industrial engineering algorithmic expertise and business case acumen to expand its Science and Technology Center of Innovation, the company said. That move would support Fortna’s January announcement that it planned to hire additional data scientists to join its research and development team as it builds out its ability to optimize warehouse fulfillment for its clients using intelligent software.

The Latest

More Stories

sea port container operations

Lynxis acquires Tedivo to boost port orchestration products

The New Hampshire-based cargo terminal orchestration technology vendor Lynxis LLC today said it has acquired Tedivo LLC, a provider of software to visualize and streamline vessel operations at marine terminals.

According to Lynxis, the deal strengthens its digitalization offerings for the global maritime industry, empowering shipping lines and terminal operators to drastically reduce vessel departure delays, mis-stowed containers and unsafe stowage conditions aboard cargo ships.

Keep ReadingShow less

Featured

diagram of data center services

German 3PL Arvato will acquire ATC Computer Transport & Logistics

German third party logistics provider (3PL) Arvato has agreed to acquire ATC Computer Transport & Logistics, an Irish company that provides specialized transport, logistics, and technical services for hyperscale data center operators, high-tech freight forwarders, and original equipment manufacturers, the company said today.

The acquisition aims to unlock new opportunities in the rapidly expanding data center services market by combining the complementary strengths of both companies.

Keep ReadingShow less
drawing of person using AI

Amazon invests another $4 billion in AI-maker Anthropic

Amazon has deepened its collaboration with the artificial intelligence (AI) developer Anthropic, investing another $4 billion in the San Francisco-based firm and agreeing to establish Amazon Web Services (AWS) as its primary training partner and to collaborate on developing its specialized machine learning (ML) chip called AWS Trainium.

The new funding brings Amazon's total investment in Anthropic to $8 billion, while maintaining the e-commerce giant’s position as a minority investor, according to Anthropic. The partnership was launched in 2023, when Amazon invested its first $4 billion round in the firm.

Keep ReadingShow less
ship for carrying wind turbine blades

Concordia Damen launches next-gen offshore wind vessels

The Dutch ship building company Concordia Damen has worked with four partner firms to build two specialized vessels that will serve the offshore wind industry by transporting large, and ever growing, wind turbine components, the company said today.

The first ship, Rotra Horizon, launched yesterday at Jiangsu Zhenjiang Shipyard, and its sister ship, Rotra Futura, is expected to be delivered to client Amasus in 2025. The project involved a five-way collaboration between Concordia Damen and Amasus, deugro Danmark, Siemens Gamesa, and DEKC Maritime.

Keep ReadingShow less
office workers using GenAI

Companies feel growing pressure to invest in GenAI

In a rush to remain competitive, companies are seeking new ways to apply generative AI, expanding it from typical text-based applications to new uses in images, audio, video, and data, according to a report from the research and advisory firm Information Services Group (ISG).

A growing number of organizations are identifying ways to use GenAI to streamline their operations and accelerate innovation, using that new automation and efficiency to cut costs, carry out tasks faster and more accurately, and foster the creation of new products and services for additional revenue streams. That was the conclusion from ISG’s “2024 ISG Provider Lens global Generative AI Services” report.

Keep ReadingShow less