Kpler, a Brussels-based data and analytics firm providing real-time transparency in commodity markets, today announced it has acquired ClipperData, a tanker data and analytics firm headquartered in New York City
The two ship and commodity information platforms have similar backgrounds, mixing AIS data and human intelligence to derive vessel movements, commodity flow analytics and forecasts and are seen as disrupters to the traditional sources of tanker and crude oil information.
Kpler now provides proprietary data and analytics (global flows, storage, freight) on more than 40 commodities including crude oil, refined products, LNG, LPG and dry bulk.
Since 2014, Kpler has been a disrupter in traditionally opaque commodity markets.
Founded in 2013, ClipperData has developed a unique data offering for the global commodity markets, with a long pedigree in petroleum liquids coverage, particularly in the United States.
Its proprietary data is used by hundreds of industry professionals, including leading oil and gas companies, traders, utilities and financial institutions.
The takeover will integrate the two businesses combining proprietary data, technology, analysis and people. Kpler’s ambition is to provide commodity professionals with the highest level of market transparency and allow them to further increase their understanding of the market.
Through this acquisition, Kpler is fulfilling one of its strategic objectives by consolidating its leadership in the markets it already serves and accelerating its growth.
Kpler chief executive François Cazor said, “In under three years, we will have more than quadrupled our annual recurring revenue (ARR) to US$40M. This acquisition accelerates our growth further and gets us closer to our ambition of reaching US$100M ARR sooner. We are honoured ClipperData has accepted Kpler’s offer and are excited to bring the two businesses together to strengthen our market leadership.”
He added, “Kpler and ClipperData have built their reputations around high-quality proprietary data, each with exclusive sources and unique applications of machine learning. We are looking forward to integrating these complementary attributes to bring to the industry a product of unrivalled comprehensiveness and accuracy,” said Kpler chief technical officer Jean Maynier.
ClipperData co-founder Sterling Lapinski said, “We are proud of what ClipperData has achieved since its creation and feel confident in leaving its legacy in Kpler’s hands. Most importantly, I believe our customers will benefit tremendously from the unmatched services the combined companies will be able to offer.”
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