Both companies provide detailed international trade volume data, and executives say the combined company plans to create the most robust global trade information platform worldwide.
Two providers of international trade data have joined together in a major deal within the freight information industry, as Miami-based Datamyne has acquired Minneapolis-based Zepol Corp., the companies said Tuesday.
Financial terms of the deal were not disclosed.
Both companies provide detailed data on international trade volumes, with Zepol’s solutions focused on U.S. import and export trades using bill of lading data from U.S. Customs information.
“As two tech start-ups launched over the last decade, Datamyne and Zepol helped redefine and revitalize trade data driven business intelligence,” Brendan McCahill, Datamyne’s chief executive officer, said of the tie-up. “As one, we are positioned to claim leadership in the sector. Together, our combined assets make us an industry powerhouse and advance our goal of being the world’s largest provider of global commercial trade information.”
McCahill will continue as CEO of Datamyne, and will also lead an integration team that includes Zepol CEO Paul Rasmussen. Zepol offices and data facilities will be incorporated in the Datamyne network, the companies said.
“Global market dynamics demand that information providers offer a bounty of trade data content and resources,” Rasmussen said. “Joining Datamyne allows us to give our customers a view of global trade that is more comprehensive and more finely detailed.”
The combined entity’s primary competitors are PIERS and Import Genius.
Datamyne acquires Zepol in major trade data deal
