Boston-based Veson Nautical, a shipping software company, plans to acquire vessel valuation provider VesselsValue.
With a database consisting of more than 81,500 vessels, VesselsValue has been focused on acquiring, storing, and commercializing data in the form of valuations, reports, and market insights.
Founded in 2011 VesselsValue’s maritime brand and product line will continue to produce market-leading analysis and insights under the Veson umbrella, becoming part of Veson’s suite of services when the acquisition is finalized in early May. The area of VesselsValue that focuses on aviation will be spun out into a separate, standalone company.
Veson said the move will see the existing VesselsValue clients benefit from improved model updates, by incorporating information from sources within the Veson product portfolio, such as Q88 and Oceanbolt. Mutual clients can expect access to vessel and fleet valuation data within the Veson IMOS Platform (VIP), and the ability to see CII calculations generated within VesselsValue Green product alongside metrics generated within VIP, as it is furthermore mentioned by Veson.
John Veson, co-founder & CEO of Veson Nautical, said: “VesselsValue brings a wealth of knowledge and experience to our organization, and we look forward to them joining the Veson team. In addition to valuing the world’s fleet, VesselsValue has a sophisticated analytical valuation methodology which we will harness to provide our clients with deeper insights to promote sustainable commercial and operational decisions.”
Richard Rivlin, Founder & CEO of VesselsValue, said: “This is a massive moment for VesselsValue. We are incredibly excited to become part of the Veson ecosystem. Connecting to Veson’s powerful platform will drive VesselsValue further towards our mission to make maritime markets transparent. Clients will now have access to a wider range of unique maritime intelligence and first-class support. I am so proud, and I thank everyone who has helped take this from just an idea to such an important milestone today.”