StormGeo, a provider of meteorological decision systems to the offshore industry, has taken a 15 per cent stake in SIS as part of the agreement, with an option to increase this in the future, which will also provide SIS with extra funding.
The companies aim to begin providing the first new products under their partnership to the market within the next twelve months, combining the weather data available from StormGeo with SIS fleet management software systems.
“For some time we have been searching for a partner that can help us to both develop our international presence and expand our product portfolio,” said Per Anders Koien, CEO at Star Information Systems.
“In StormGeo we found potential synergies in products, technology, organisation, customers and geographical locations. With StormGeo as a business partner and shareholder we believe we will manage to develop together game-changing software solutions to our target markets.”
“We see that our customers are facing new and more demanding requirements for safe operation from the authorities and their own customers. We also see that their activity is increasing in more demanding locations, such as in arctic areas. By combine machinery and operational performance information with weather forecasting we can help our customers to build a safer and more cost-efficient operation.”