Platts announced that it has acquired Commodity Flow, a specialist technology and business intelligence service for the global waterborne commodity and energy markets. The purchase helps extend Platts trade flow analytical capabilities and complements its existing shipping services, including the recent acquisition of Petromedia. Financial terms were not disclosed.
Founded in 2009, Commodity Flow provides commodity and energy trading and shipping customers with waterborne analytics tools. The product suite draws on data visualization that enables users to identify new opportunities and make better informed decisions using proprietary functionality. This includes the ability to monitor changes in trade flows through vessel diversions, as well as intelligence to ascertain whether a tanker is full or empty and what it is carrying.
Platts and Commodity Flow have been technology partners since 2011, with Platts acting as the exclusive distributor of the Platts cFlow product suite.
The addition of Commodity Flow enhances the Platts Analytics portfolio by extending the company’s trade flow analytical tools. These enable customers to undertake proprietary analysis to gain a better understanding of the forces impacting supply, demand and price across energy and commodity markets.
About Platts: Platts is the leading independent provider of information and benchmark prices for the commodities and energy markets. Customers in over 150 countries look to Platts’ expertise in news, pricing and analytics to deliver greater transparency and efficiency to markets and help them make better informed trading and business decisions. Founded in 1909, Platts’ coverage includes oil and gas, power, petrochemicals, metals, agriculture and shipping. A division of McGraw Hill Financial, Platts is headquartered in London and employs over 1,000 people in more than 15 offices worldwide. Additional information is available at http://www.platts.com.
Source: McGraw Hill Financial