Zema Global Data Corporation (fka ZE PowerGroup), a Richmond, BC, Canada-based provider of enterprise data management and analytics for the commodity and energy sectors, acquired Morningstar Commodity Data, a Chicago, IL-based provider of commodities and energy data and insights.
The amount of the deal was not disclosed.
With this acquisition, ZEMA will expand into financial markets, while continuing to serve supply chain-intensive corporates, independent traders, energy and physical commodities. Morningstar Commodity Data will also bring new capabilities such as real-time data and a multi-tenant public cloud distribution platform. Once the transaction is complete, Zema will offer a broad catalog of energy, commodity and weather data, coupled with client proprietary data, that powers mission-critical decisions for the world’s leading companies.
The business will serve a diverse portfolio of over 200 enterprises with an expanded product offering and broader geographic operations to support customers around the world. The announcement follows FTV Capital’s growth equity investment in Zema and the appointment of Andrea Remyn Stone to the role of chief executive officer.
Zema Global Data is a provider of data, analytics and curve solutions, empowering organizations to improve data for informed decision-making and strategic growth.
FinSMEs
24/09/2024