Precisely has acquired Transerve, a location intelligence and data provider with expertise in spatial data handling, processing and analysis.
Transerve, headquartered in Goa, provides a cloud-native location intelligence solution and data library with curated datasets, enabling fast time to value with a nimble spatial analytics (SaaS) solution for enterprise and midsize companies.
Transerve incorporates a combination of geospatial artificial intelligence (AI), machine learning (ML) and geoprocessing that supports data democratisation by making location analysis and data enrichment available to data-centric employees without requiring the need for geographic information system (GIS) expertise.
Customers in industries such as banking, insurance, telco, government, retail and real estate will benefit from a complete and contextual picture of data that informs decision-making including, market potential, risk assessment, site selection and optimisation and more. Transerve allows users to enrich data with curated spatial datasets and easily create and share web-based maps.
“In the past, deriving insights from location and creating visualisations was the domain of GIS specialists,” said Clarence Hempfield, senior vice president of product management, Location Intelligence at Precisely.
“With the acquisition of Transerve, Precisely adds new software as a start-up (SaaS) location intelligence capabilities to its portfolio of data integrity software and data. This allows users, without specialised knowledge or skills, to leverage location data and analytics and derive new insights about their business,” he added.
“We've been on a mission to make spatial data easier to access, understand and take action on for businesses," said Ashwani Rawat, chief executive officer (CEO) and co-founder at Transerve.
This acquisition follows the launch of the Precisely Data Integrity Suite, an integrated, interoperable suite designed to deliver accurate, consistent, contextualized data to businesses. Learn more about the Data Integrity Suite.
