DTN, a Minneapolis, MN-based source of insights, analysis and decision-support solutions, acquired MetStat, a provider of precipitation analysis and analytics.
The amount of the deal was not disclosed.
The acquisition will enhance DTN’s capabilities and expertise in understanding, predicting and communicating about extreme precipitation events.
Led by Tye Parzybok, chief executive officer and president, MetStat provides high-resolution, real-time precipitation estimates, innovative analytics and post-storm analyses. With access to rich data, the company processes up to 50 different precipitation estimates and probabilistic analytics per hour and is able to identify extreme precipitation events as they happen. In real-time, the information and analytics keep customers aware of changing conditions and able to act quickly and efficiently to reduce risk and increase safety.
The data is also leveraged in post-storm analyses, which are used for assessing and improving the design and operation of some of the world’s most significant dams and hydrologic infrastructure.
Led by CEO Steve Matthesen, DTN delivers accurate, objective, real-time, and actionable insights to increase agriculture, energy and transportation customers’ confidence and support business decisions.
The company has 800 employees.