Pole Star Global has announced that it has completed the acquisition of StratumFive, a maritime software company and developer of the Podium5 voyage informatics platform.
“We are excited to welcome StratumFive into the Pole Star family,” said Bob Skea, CEO of Pole Star Global.
“By joining forces, we are reaffirming our commitment to innovation for our customers. The Podium5 platform not only enhances our capabilities in vital voyage analytics, but also accelerates our efforts with vessel emissions transparency and planning, which is critical as we enable trusted partners throughout the maritime network.”
The acquisition of StratumFive is intended to expand Pole Star’s customer base and complement its existing position in the vessel compliance and tracking market, where its PurpleTRAC and MDA products are used by a range of maritime companies and other industries.
Following the deal, the Podium5 platform will also leverage the capabilities within the previously acquired FleetWeather system to improve its model-based route optimisation offering.
“We are excited to become part of the Pole Star family. This partnership will allow us to accelerate the development of innovative solutions that will further transform the maritime industry,” said Stuart Nicholls, Founder of StratumFive Group.
“Together, we will continue to provide our customers with the best-in-class services and support they expect.”
Stuart Nicholls and StratumFive CEO Ross Martin will join Pole Star in newly created leadership positions following the acquisition.