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by Staff Writers
Louisville KY (SPX) May 27, 2013
Genscape has announced the acquisition of Vesseltracker.com GmbH. This acquisition significantly expands Genscape's network of proprietary real-time energy monitors to deliver the next era in oceangoing fleet analytics and customized reporting.
Vesseltracker uses sophisticated algorithms to synthesize data from its over 800 AIS antenna stations located worldwide along with the world's largest AIS satellite data feed - and now Genscape's land-based oil storage and pipeline data.
This new combination delivers the industry's largest breadth of geographical coverage coupled with exceptional data quality.
"This acquisition unites Vesseltracker's marine-based oil fleet monitoring with Genscape's land-based oil storage and pipeline data," says Matthew Burkley, CEO of Genscape. "For the first time, oil market participants will have direct access to combined real-time land and sea oil market fundamentals."
"I can see a lot of potential in combining Genscape and Vesseltracker's proprietary networks to deliver unique and high quality data to energy traders," says Carsten Bullemer, CEO of Vesseltracker. "Both companies share the same entrepreneurial culture. I'm very happy to be part of Genscape."
Genscape is providing free trial access for a limited time and, in response to early adopter demand requests, will customize land and/or sea oil monitoring for select clients.
To learn more, please go here.
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