Panjiva Inc., a privately held company that provides differentiated, sector-relevant insights on global supply chains, including the apparel and textile industry, is set to be acquired by S&P Global, a leading provider of independent ratings, benchmarks, analytics and data to the capital and commodity markets worldwide.
“Together with our customers, the Panjiva team has developed novel ways to generate value from global supply chain data. In the years ahead, we are committed to ensuring that both Panjiva and S&P Global customers receive unrivaled insight into global supply chains,” Josh Green, CEO of Panjiva, said in a joint statement with company co-founder and chief technology officer James Psota. “As part of S&P Global Market Intelligence, we are confident that we can fulfill our ambitious goal of bringing transparency to global supply chains and are excited to continue to leverage technology to make sense of the rapidly expanding universe of unstructured data.”
Panjiva provides clients with macro data covering 95 percent of global trade flows, as well as transactional data covering 35 percent of global trade flows. The company tracks supply data from retailers, exporters and shippers across myriad industries and commodities by leveraging data science and technology.
The terms of the transaction, which is expected to close in the coming weeks, were not disclosed.
Mike Chinn, president of S&P Global Market Intelligence and executive vice president of technology and innovation at S&P Global, said, “Panjiva is an exciting acquisition for our division given their core strength in leveraging machine intelligence to combine 1 billion transaction records into a proprietary supply chain graph. Their highly skilled and innovative leadership team and employees will help strengthen the insights, products and data that we provide to our clients throughout the world.”
S&P Global Market Intelligence, a division of S&P Global, provides essential intelligence for individuals, companies and governments to make decisions. The acquisition of Panjiva is expected to be profitable in 2019. Given the transaction’s modest size, S&P Global does not expect a material impact to its adjusted earnings per share in 2018.
Panjiva, which was named one of the World’s Most Innovative Companies by Fast Company in 2018, leverages machine intelligence to combine 1 billion transaction records into its proprietary Supply Chain Graph, which describes 8 million companies across 195 countries and tracks the flow of trillions of dollars of goods.
Vue.ai announced the commercial launch of its AI product that analyzes garments and automatically generates a virtual figure for better garment fitting.Read more
The circular economy was on display in a multisensory presentation–from film and food to a “magic forest” fabric art installation and a tactile array of recycled and upcycled fabrics on view.Read more
There is a saying that if the shoe fits, wear it—and this startup is enabling consumers to rock their kicks in 7,429,968 different ways.Read more
Though Amazon has posted 11 straight quarterly profits, the company is looking to cut costs, even as it's reportedly sizing up Toys “R” Us stores.Read more
DeFeet has partnered with blockchain solutions provider LuxTag.io to provide an overall safer, more pleasant and efficient shopping experience for its customers.Read more
Keeping good on its promise to respond to any U.S. tariffs with measures of its own, China has added tariffs to 128 American products. It’s become a tit-for-tat in trade between the two nations.Read more
With the amount of regular foot traffic food shoppers generate, the battle for grocery dominance could determine the retail winners and losers. And Target may be on the verge of a merger to ensure it's a fair fight.Read more