DTN Buys Weather Data Firm PraxSoft

US agricultural insights provider DTN has acquired PraxSoft, which collects, processes and transmits real-time weather data from sensor devices. Terms of the deal were not disclosed.

PraxSoft's technology pulls in real-time environmental sensor information and analytics for a variety of clients including those in agriculture, transportation, and other weather-sensitive businesses. Its new owner DTN provides agricultural information solutions, market intelligence and in-depth market analysis to agricultural producers, agribusiness leaders and commodity market traders.

Ron Sznaider (pictured), Vice Chairman of DTN, comments: '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. 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'.

Web sites: www.dtn.com and www.praxsoft.com .