He gradually reduced staff to 675, eliminated redundancies, and pushed a new strategy of selling proprietary data at a premium price. DTN at the time had approximately 166,000 clients. [17] In 1998 DTN merged its weather services division with Minneapolis-based Kavouras, a company founded in 1977 that specialized in radar-based weather reporting and prediction; DTN also acquired Weather Services Corporation (WSC), a Lexington, Massachusetts-based forecasting and climate prediction company that developed meteorological databases. We support its suppliers, wholesalers, and buyers with unique tools and insights to help manage tightening margins and growing volatility. DTN is known for its accurate meteorological forecasting and large network of weather stations, its market analysis services, and its e… We’re joined by James Henegan of GRO Intelligence to dig into what the satellite data tells us, and more. [16], Since April 1998, DTN had been seeking an organization to buy the 1300-employee company, but after 11 months had not found anyone willing to pay price that the board felt was appropriate, so in mid-March 1999 founder Roger Brodersen called off the search for a buyer. Its principal trading-related product is ProphetX, a software platform built for commodity and equity markets. Register Now! Weather Decision Technologies (acquired 8 October 2018), a provider of weather decision support solutions based in, PraxSoft (acquired 10 June 2019), previously Praxis Software, a provider of sensor interfaces and communications technology based in, ClearAg (acquired May 2020 for $12M), a system created by California-based, For farmers and other producers, DTN provides ag market information, insights on market prices and strategies, and detailed weather information and forecasts. See what we’ve been up to by reading our latest news coverage and press releases. Elections, Stocks Waver Amid Earnings With Stimulus in Limbo: Markets Wrap, Stocks Drop on Stimulus Deadlock as Banks Tumble: Markets Wrap. Public broadcasting station WILL in Champaign was one broadcaster that carried the Dataline signal. Combining the various data into a single forecast is done in part through the National Center for Atmospheric Research's Dynamic Integrated foreCast (DICast), a technology licensed from the University Corporation for Atmospheric Research. [9], At the beginning of 1987 Dataline had 5,300 subscribers; that grew to 10,000 by May[10][11] and 13,500 in ten states by October. DTN offers real-time fuel market data, tools to monitor how fuel is distributed, and software for managing and automating fuel storage. Our market data feed is powered by DTN's proprietary Ticker Plant technology. Dataline's customers preferred to lease the receivers rather than buy them, but Scoular was unwilling to finance the equipment, so Brodersen bought Dataline in 1986 and a year later took its stock public in order to raise the capital necessary to acquire the receivers and to develop other information products. The Intro to Energy Trading for the Non-Trader course will help you improve your trading knowledge and your understanding of risk management solutions. Not registered yet? Before it's here, it's on the Bloomberg Terminal. The Username field is required. Worldwide, weather poses serious threats and challenges for a number of industries. Offshore companies are particularly vulnerable to tropical storms for multiple reasons in addition to the location of their assets. One week later on 24 March, Brodersen and four other directors resigned and Peter Kamin was named the new chairman. We are your trusted partner, an independent source of information that helps you feed, fuel and protect the world. Gordon's strategy proved successful and DTN began to re-expand. We also invite media inquiries and requests for industry experts. As of 2018 the company has approximately 600,000 subscribers, mostly in the United States. [12] In September Dataline partnered with a subsidiary of ConAgra to add an "electronic catalog" feature to their information feed, allowing subscribers to browse farm supplies, equipment, and other products. In response, DTN sought to expand its customer base by selling a broader array of services, including inventory-tracking for auto dealers, coupon-printing kiosks for grocery stores, fire-alert information for forestry services, and other ventures. AviationSentry, which provides aviation-related weather reports on thunderstorms, turbulence, icing risk, etc. The company has satellite offices in a number of other US cities: In Europe, DTN has offices in Antwerp, Culemborg, Madrid and Seville. The company is battling an industrial slowdown in Western Europe and North America that’s hurt its infrastructure business and forced it to be more selective on projects. The company's forecasts were ranked as the most accurate in the US each year since 2006 for predictions of short-term precipitation[1] and high temperatures. By creating an account, you will be able to pay bills online, view invoices, set billing options, update account information and shop for addtional services. And it is fast. Schneider Electric SE agreed to sell agricultural-data business Telvent DTN to TBG AG of Switzerland for an enterprise value of $900 million and plans to use the proceeds for a share buyback program. 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