LOCATION INTELLIGENCE COMPANY, TRANSERVE GETS ACQUIRED BY US-BASED DATA COMPANY “PRECISELY”

–        To Help Scale Up Precisely’s Location Intelligence

Transerve, a location intelligence and data provider with expertise in spatial data handling, processing, and analysis, has recently been acquired by US-based data company Precisely.

With the takeover of Transerve, businesses now have access to SaaS tools for data enrichment, analysis, and visualisation that can help them derive crucial geographical context for quicker, more certain business decisions.

Headquartered in Goa, Transerve offers enterprise and midsize businesses a rapid spatial analytics SaaS solution with a cloud-native location intelligence solution and data library with selected datasets. Transerve uses a straightforward yet effective blend of geospatial artificial intelligence (AI), machine learning (ML), and geoprocessing that promotes data democratisation by making location analysis and data enrichment accessible to data-centric employees without the requirement for GIS skills.

“We’ve been working to make it simpler for enterprises to access, comprehend, and act on spatial data. We are excited to be joining Precisely, which also values location intelligence and bringing the power of location data to routine data roles to benefit the businesses we work with and increase our market presence.” said Ashwanii Rawat, CEO and Co-Founder at Transerve.

A more comprehensive and contextual picture of data that supports decision-making, including but not limited to market potential, risk assessment, site selection and optimization, and more, will be beneficial to customers in sectors like banking, insurance, telco, government, retail, and real estate. Users of Transerve can quickly and easily build and distribute web-based maps, as well as supplement data with high-quality, curated geographical resources.

“GIS experts used to be responsible for extracting insights from a place and producing visuals. Precisely’s suite of data integrity software and data now includes additional SaaS location intelligence capabilities thanks to the acquisition of Transerve. Without any professional knowledge or skills, users can now use location data and analytics to gain new business insights,” said Clarence Hempfield, Senior Vice President of Product Management, Location Intelligence at Precisely.

Precisely is the global leader in data integrity, and the recent acquisition of Transerve follows the launch of the Precisely Data Integrity Suite, an integrated, interoperable suite designed to deliver accurate, consistent, contextualised data to businesses.

About Transerve:

Founded in 2009, Transerve is a location intelligence company based in Panaji, India, that uses geospatial technology to enable digital transformation and effective decision-making. It helps in deploying customized applications for asset tracking and mapping, monitoring of projects, spatial data collection with geo-tagged pictures and videos, and to share maps with key stakeholders or the public. Learn more at www.transerve.com.

About Precisely:

Precisely is the global leader in data integrity, providing accuracy, consistency, and context in data for 12,000 customers in more than 100 countries, including 99 of the Fortune 100. Precisely data integration, data quality, data governance, location intelligence, and data enrichment products power better business decisions to create better outcomes. Learn more at www.precisely.com.