Combined offering expands Pole Star‘Fleet coverage is industry-leading and complements its leadership in sanctions and vessel surveillance.
LONDON, October 16, 2023 /PRNewswire/ — Pole Star Global, a pioneer and market leader in maritime intelligence technology, with the largest offshore fleet under management, is pleased to announce its successful acquisition of StratumFive, a leading maritime technology company. StratumFive’s Podium5, an award-winning travel IT platform, brings together fleet monitoring, regulatory compliance, performance analytics and travel optimization into one powerful platform.
The acquisition of StratumFive represents a natural progression for Pole Star Global, as both companies share a deep commitment to providing innovative solutions that empower the maritime community. This combination expands Pole Star’s industry-leading fleet coverage and complements its leadership in vessel compliance and tracking solutions, with PurpleTRAC and MDA, used by the world’s leading government agencies, global banks and vessel operators. entire. The Podium5 platform leverages previously acquired FleetWeather capability, with a proven track record of improving vessel performance and safety through advanced model-based route optimization.
“We are thrilled to welcome StratumFive to the Pole Star family,” said Bob Skea, CEO of Pole Star Global. “By joining forces, we reaffirm our commitment to innovation for our customers. The Podium5 platform not only enhances our capabilities in vital voyage analytics, but also accelerates our efforts in vessel emissions transparency and planning, which is critical as we enable trusted partners throughout the maritime network. We are delighted to be working with Stuart, Ross and their team.
Commenting on the acquisition, Stuart Nicholsfounder of the StratumFive Group, said: “We are delighted to be 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. Together, we will continue to provide our customers with the best services and support they expect.” Stuart Nicholls and CEO of StratumFive Ross Martin will join Pole Star in newly created leadership roles to ensure continuity for customers and partners.
Said Ross MartinCEO of StratumFive Group, “Podium5 provides the solution our industry desperately needs to achieve digitalization and other operational efficiencies around shipping. Our approach to the industry throughout the development of Podium has proven to be a game changer for decision making. We are extremely excited. to work with Pole Star to drive digital prosperity in our industry.
About Pole Star: Pole Star Global is trusted by the world’s largest regulatory entities and is the only company in the world that operates at the epicenter of the maritime ecosystem by connecting government agencies, financial markets, shipowners and operators. Stakeholders rely on Pole Star to assess responsible actors and bridge the gap between service providers, regulators and funders. Our unrivaled predictive maritime knowledge, data and expertise enable our clients to act responsibly in the areas of trade finance, emissions control, life at sea, surveillance, sanctions avoidance and management of operational and reputational risks.
About StratumFive: StratumFive Group has been a trusted provider of industry-leading software solutions to the commercial shipping community for over a decade. Its global network includes the FleetWeather operations center previously acquired in UNITED STATES and its 50-year history of service excellence. In early 2022, the group launched Podium5, an advanced travel IT platform. Podium5 enables maritime operators to save time, save fuel, reduce emissions and ensure regulatory compliance, while ensuring the utmost safety of crew, vessel and cargo.
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SOURCE Pole Star Mondiale