DTN, a Minneapolis, MI-based independent source of insights, analysis and decision-support solutions, acquired PraxSoft, a sensor interface and communications technology company.
The amount of the deal was not disclosed.
The acquisition will enable DTN to accelerate data acquisition from a wide range of sensors across different industries and enable insights to drive improved business decisions.
Led by Rhonda Copley, President, PraxSoft provides sensor interface and communications technology which collects, processes and transmits real-time data from a myriad of sensor devices to produce actionable information that enables customers to improve their operations. It currently serves a variety of industries including agriculture, transportation, and other weather-sensitive businesses. The company’s
Led by CEO Jerre Stead, DTN delivers accurate, objective, real-time, and actionable insights to support business decisions, empowering agriculture, energy and transportation customers.
The company has 700 employees.