TAMPA, Fla. — Private equity firm Antarctica Capital has acquired geospatial analytics provider Descartes Labs to support its growing space-based data portfolio.
Antarctica said June.4 it bought a controlling stake in Descartes Labs for an undisclosed sum in a news release that offered few details about the deal.
As part of the transaction, Antarctica operating partners Richard Davis and Graeme Shaw will serve, respectively, as CEO and chief operating officer of Descartes Labs.
Descartes Labs provides analysis from a mix of third-party satellites with a cloud-based platform that helps companies make forecasts related to agriculture, energy, sustainability, mining, shipping, financial and other services.
