DTN, an independent source of insights, analysis and decision-support solutions, has acquired MetStat, an industry leader in precipitation analysis and analytics.
“MetStat brings innovative and unmatched expertise in understanding extreme precipitation events to help customers understand changing flash flood and flooding conditions, historical precipitation data and risk analyses,” said Mike Eilts, DTN senior vice president, weather. “By adding their technology and experts to DTN, we are amplifying our innovative solutions that serve customers in weather-sensitive industries to provide them the detailed storm analysis and risk communications they need to make smart decisions.”
MetStat manages the most sophisticated and data-rich multi-sensor quantitative precipitation estimation systems in the world. With access to that rich data, MetStat processes up to 50 different precipitation estimates and probabilistic analytics per hour and is able to identify extreme precipitation events as they happen. In real-time, the information and analytics keep customers aware of changing conditions and able to act quickly and efficiently to reduce risk and increase safety. The data is also leveraged in post-storm analyses, which are used for assessing and improving the design and operation of some of the world’s most significant dams and hydrologic infrastructure.
“We are excited to join DTN today,” said Tye Parzybok, chief executive officer and president of MetStat. “Together, our technology and expertise will support our customers across nearly every type of weather event and help them make decisions that reduce risk, increase safety and save money.”
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/20191211005788/en/
Source: DTN
View this news release online at:
http://www.businesswire.com/news/home/20191211005788/en
