Platts, the leading independent provider of information and benchmark prices for the commodities and energy markets, announced today 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.
Imogen Dillon Hatcher, President at Platts said: “The value off cFlow has evolved through successful collaboration by both companies. With Commodity Flow now a part of Platts, we will accelerate this innovation by adding in proprietary data sets tailored to provide customers with ever more relevant information about energy and commodity trade flows.”
John Paskin, CEO, Commodity Flow said: “We are excited to become part of Platts. As the leading provider of information and benchmark prices for the commodities and energy markets, Platts is committed to investing in its trading analytical capabilities and Commodity Flow plays an important part in that vision.”
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.
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