Amazon acquires cloud startup INLT to help merchants import goods
Amazon.com Inc has bought technology startup INLT for an undisclosed amount, the company told Reuters on Tuesday, in a transaction that will help merchants on its online marketplace more easily import goods into the United States.
The firm, with around a dozen employees based in Los Angeles and Philadelphia, makes software for sellers to manage costs and customs clearance of cross-border shipments. Seattle-based Amazon said it will offer INLT’s cloud-based computing technology to its merchants.
“INLT is a smart, nimble team that is helping companies simplify and lower the cost of importing goods into the U.S.,” an Amazon spokeswoman said in a statement.