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Amazon’s purchase of cloud start-INLT to help the traders to import the goods

FILE PHOTO: The logo of Amazon is seen at the company’s distribution centre in Boves, France-September 18, 2019 at the latest. REUTERS/Pascal Rossignol

SEATTLE (Reuters) – Amazon.com Inc. has bought the technology start-INLT for an undisclosed amount, the company told Reuters on Tuesday, in a transaction that will help the dealers to the online marketplace, it is easier to import goods into the United States of america.

The company, with a dozen employees, who will be in Los Angeles, and Philadelphia, creates software for retailers to control costs and customs clearance for cross-border shipments. Seattle-based Amazon said it will offer the INLT’s cloud-based computing technology for business.

“INLT was a smart, nimble team that can help companies to simplify, and the cost of importing goods into the US,” an Amazon spokeswoman said in a statement. “We are very pleased to be working with them on the development of the next generation of solutions for its customers, and Amazon’s selling partner.”

Amazon is looking to expand the services that it offers dealers add tools to complex, cross-border sales processes involving the vendors are mostly needed to manage on their own.

The timing and pricing of the INLT of service, it is not yet known.

INLT, said the website of the Amazon, had been acquired by the company. Amazon, which has already closed the deal, he said INLT will continue to serve its existing customers.

Amazon declined to reveal how much it paid for the INLT. The database Crunchbase as described INLT as a seed-stage company, which last raised a $1-million in April of 2018.

Reporting By Jeffrey Dastin in Seattle; Editing by bob Holmes

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