{"id":7183,"date":"2022-01-27T09:08:37","date_gmt":"2022-01-27T09:08:37","guid":{"rendered":"https:\/\/mailinvest.blog\/index.php\/2022\/01\/27\/xeneta-acquires-air-freight-data-analytics-company-clive-data-services\/"},"modified":"2022-01-27T09:08:37","modified_gmt":"2022-01-27T09:08:37","slug":"xeneta-acquires-air-freight-data-analytics-company-clive-data-services","status":"publish","type":"post","link":"https:\/\/mailinvest.blog\/index.php\/2022\/01\/27\/xeneta-acquires-air-freight-data-analytics-company-clive-data-services\/","title":{"rendered":"Xeneta acquires air freight data analytics company CLIVE Data Services"},"content":{"rendered":"

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Ocean and airfreight benchmarking and market intelligence platform startup\u00a0Xeneta AS<\/a>\u00a0announced today that it has acquired\u00a0air freight data analysts company\u00a0CLIVE Data Services<\/a> for an undisclosed price.<\/p>\n

The deal comes\u00a0seven months after Xeneta announced it was partnering with CLIVE B.V. to integrate its \u201cdynamic load factor\u201d and capacity analyses into Xeneta\u2019s market analytics platform.<\/p>\n

Founded in 2011, CLIVE offers software applications designed to improve commercial decision-making. Focused solely on the air cargo industry, the company has a design principle that all its applications should be as simple as Google LLC\u2019s and as pretty as Apple Inc.\u2019s.<\/p>\n

CLIVE uses weekly analyses of the global air cargo market to provide clients with unique and fresh performance indicators on how the industry is trending. The company argues that the way the air cargo industry has measured its performance has been grossly misleading and harmful to its growth prospects and has hurt the economics of airline performance. Hence, CLIVE decided to fix it.<\/p>\n

The company\u2019s data analysis is based upon flight and shipment data sourced directly from cargo airlines \u2013 what they call the \u201cdynamic load factor.\u201d It\u2019s said to be dynamic because it takes both the weight and the volume utilization of air cargo shipments into account when assessing a plane\u2019s air cargo load factor.<\/p>\n

With COVID-19, the global freight market has been through what Xeneta describes as its most \u201cdynamic period ever\u201d in the last two years. The company says that has heightened demand for more timely data to help companies deal with this volatile time in an informed manner.<\/p>\n

\u201cWe want our customers to have the best and most timely global ocean and air freight data trends,\u201d Xeneta Chief Executive Officer Patrik Berglund, said in a statement. \u201cThe unique insights and timelines of CLIVE\u2019s air freight data make it a great addition to our freight data offering.\u201d<\/p>\n

Berglund added that with the acquisition of CLIVE, the combined data services and industry expertise will make Xeneta second to none in providing clear insights into the global freight markets.<\/p>\n

Xeneta was last in the news in June<\/a> when it raises $28.5 million in a Series C round on a valuation of $130 million. Prior to the acquisition, CLIVE was part of Biarri Pty. Ltd., an Australian commercial mathematics company.<\/p>\n

Image: Xeneta<\/h5>\n
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