Jun 10, 2019   SOURCE: BusinessWire

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.