DTN Acquires PraxSoft, Strengthens IoT Offering

DTN,
an independent source of insights, analysis and decision-support
solutions, has acquired PraxSoft,
a leading provider of sensor interface and communications technology
which collects, processes and transmits real-time data from a myriad of
sensor devices to produce actionable information. This acquisition
represents DTN’s long-standing commitment to providing independent
insights that customers rely on when making business decisions.

“Today we are opening a new era at DTN – one in which we can work with a
wide range of our customers to derive a much more comprehensive
portfolio of their data, analyze that data and provide customer-specific
insights that help them prosper,” said Ron Sznaider, Vice Chairman of
DTN. “The PraxSoft technology is unique and transformative for DTN. We
are excited to introduce new capabilities to develop truly viable
Internet of Things (IoT) solutions to empower our customers.”

PraxSoft currently serves a variety of industries including agriculture,
transportation, and other weather-sensitive businesses. The company’s
technology enables customers to access real-time environmental sensor
information and analytics immediately to improve their operations.

“We believe that this acquisition will enable us to leverage our highly
configurable and agnostic real-time connectivity and communication
capabilities globally, sending the data back to DTN to build improved
analytics and insights for DTN customers in several markets,” said
Rhonda Copley, President of PraxSoft. “When our customers have the best
data and information, we can help them make critical business decisions
which decrease costs, improve operations and drive efficiencies.”

About DTN
DTN delivers accurate, objective, real-time, and
actionable insights to increase customers’ confidence and support
business decisions. In a data-rich world, these actionable insights in
weather and financial analytics make sense of the information, drive
change in processes and help businesses prosper. DTN empowers
agriculture, energy and transportation customers – those who work
endlessly to feed, fuel and protect our world. We believe that when our
customers are supported with the most reliable and innovative
information to the Nth Degree, they prosper and we all win. DTN
publishes Progressive Farmer magazine, the premier publication in
agriculture, and is headquartered in Minneapolis, Minnesota.

View source version on businesswire.com: https://www.businesswire.com/news/home/20190610005390/en/