Pole Star Global, maritime intelligence technology specialist, with a large blue water fleet under management, has acquired StratumFive Group, a prominent maritime tech company.
The aim of Pole Star Global´s acquisition is to expand its coverage in fleet monitoring and voyage optimisation for the global commercial fleet.
StratumFive’s Podium5, an award-winning voyage informatics platform, brings together fleet monitoring, regulatory compliance, performance analytics and voyage optimisation into one powerful platform.
The combination expands Pole Star’s industry leading fleet coverage and complements its leadership in vessel compliance and tracking solutions, with PurpleTRAC and MDA, used by leading government agencies, global banks and vessel operators globally.
The Podium5 platform leverages the previously acquired FleetWeather capability, with a “proven track record of enhancing vessel performance and safety through advanced model-based route optimisation,” as Pole Star Global claims in its release.
Bob Skea, chief executive of Pole Star Global said “We are excited to welcome StratumFive into the Pole Star family.” “By joining forces, we are reaffirming our commitment to innovation for our customers. The Podium5 platform not only enhances our capabilities in vital voyage analytics, but also accelerates our efforts with vessel emissions transparency and planning, which is critical as we enable trusted partners throughout the maritime network. We are excited to be working with Stuart, Ross and team.”
Stuart Nicholls, founder of StratumFive Group, commented on the acquisition: “We are excited to become part of the Pole Star family. This partnership will allow us to accelerate the development of innovative solutions that will further transform the maritime industry. Together, we will continue to provide our customers with the best-in-class services and support they expect.”
In accordance with the company, Stuart Nicholls and StratumFive chief executive Ross Martin will join Pole Star in newly created leadership positions.
