Star Information Systems (SIS) has signed an agreement with StormGeo to jointly develop a new set of software and services for the offshore and shipping industries.
As part of the deal, StormGeo will also take a 15 percent stake in SIS with an option to increase this in the future, which the companies say will provide SIS with funding for its global operations.
SIS is one of the larger providers of software systems for maintenance, safety management, purchasing, and logistics for shipping and offshore companies. StormGeo specializes in providing meteorological decision systems to the offshore industry, but it has experienced growth in the traditional shipping sector.
Through integration the companies hope to offer operators of ships, rigs, and offshore supply vessels a system that ties to existing safety, performance, and risk-related tracking software.
From the partnership, SIS will gain access to customers through StormGeo offices, especially Houston and Dubai. StormGeo will be able to access SIS’ network and customer base of about 1,500 ships and 150 offshore units.