DTN Completes Spensa Acquisition

Posted: Updated:
(Image courtesy of Spensa Technologies.) (Image courtesy of Spensa Technologies.)
MINNEAPOLIS and WEST LAFAYETTE -

Minnesota-based DTN, a global analysis company, has closed on its previously-announced acquisition Purdue University precision agriculture tech startup Spensa Technologies Inc. Spensa, located in the Purdue Research Park, gathers high-resolution data and and models the information.

Forbes named Spensa one of the top 25 innovative ag-tech startups of 2017. “Combining Spensa’s current product offerings with DTN’s Agribusiness and Producer platforms and infrastructure will provide a more comprehensive solution to DTN customers,” said DTN co-CEO Sheryl von Blucher. “Spensa’s agronomic capabilities will further complement DTN’s agriculture industry offerings with differentiated actionable agronomic information and insights. Additionally, the acquisition creates opportunities for DTN to expand the company’s offerings to non-core markets like fruit and tree markets in California.”

Spensa Chief Executive Officer Johnny Park says they have admired DTN as a leader in data innovation “We couldn’t have found another company that more closely shares our vision and values and, together, we will be able to feed, protect, and fuel the world in ways we would not have been able to by ourselves.” Park was a Purdue School of Electrical and Computer Engineering before starting Spensa, which began as a research project and spun out onto its own in 2009. More information on Spensa can be found here.

  • Perspectives

    • "Wood" You Consider Investing in Timber?

      Looking for an untraditional way to diversify your traditional stock and fixed-income portfolio? If so, try thinking outside the typical realm of investable assets. Don’t know where to start? How about going against the “grain” and investing in timber? Why Trees? Investing in timber can yield a number of benefits. The main draw of having timber in your portfolio is its low, long-term correlation to traditional investments such as stocks and bonds. Low correlation...

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • 1SI executives Matt Hall and Wendy Dant Chesser talked about the project on Inside INdiana Business.

      Momentum Building at 'Hot Spot' River Ridge

      As economic development officials in southeast Indiana welcomed news last week of Louisville-based PharmaCord's plans to invest $52 million and add up to 850 jobs at the River Ridge Commerce Center, they were quick to add there is more development on the horizon. River Ridge is a sprawling, 6,000 acre park located between Jeffersonville and Charlestown that was once home to the massive Indiana Army Ammunition plant and thousands of jobs. Today more than 50 companies call River...

    • (photo courtesy of Governor Eric Holcomb's office)

      Governor Meets with Ag Leaders on Delayed Planting

      Governor Eric Holcomb recently met with leaders from the state's agriculture sector regarding the impact of unusual weather conditions on farms and other ag businesses. The USDA says 84 percent of Indiana's corn crop and 64 percent of soybeans have been planted. Typically, both crops are at 100 percent planted by this time of the year.

    • (photo courtesy of Taylor University)

      Taylor University President to Resign

      The president of Taylor University is stepping down. The university's board of trustees says Paul Lowell Haines has resigned from the position and will leave the Upland campus August 15. A specific reason for Haines' resignation was not given, however the Board Chair Paige Cunningham noted the move was "neither solicited nor encouraged" by the board. Haines graduated from Taylor in 1975. He later held various positions at the university including vice president for...

    • "Wood" You Consider Investing in Timber?

      Looking for an untraditional way to diversify your traditional stock and fixed-income portfolio? If so, try thinking outside the typical realm of investable assets. Don’t know where to start? How about going against the “grain” and investing in timber? Why Trees? Investing in timber can yield a number of benefits. The main draw of having timber in your portfolio is its low, long-term correlation to traditional investments such as stocks and bonds. Low correlation...

    • Colts Name Overton As Producer

      The Indianapolis Colts have named Larra Overton as the team's new producer and on-air talent. Overton currently is a sports reporter and anchor for Fox59 WXIN/CBS4 WTTV. She will serve as producer for Colts Productions and will serve as the television sideline reporter for preseason broadcasts and radio sideline reporter for regular season games. Overton holds two degrees from Indiana University.