Everstream Analytics, a San Marcos, CA-based supply chain insights and risk analytics software company, acquired BlueNode, a Halifax, Canada-based company that automates the enrichment of intermodal logistic data with an AI-powered cleansing and integration engine.
The amount o the deal was not disclosed.
With the acquisition, Everstream Analytics will accelerate its growth and global expansion.
BlueNode automates the enrichment of intermodal logistic data with an AI-powered cleansing and integration engine that helps streamline logistics and facilitates carbon emission measurement and reporting. The company aligns the flow of information with the flow of goods to deliver improved data transparency, reliability, and availability.
Its capabilities, refined in partnership with maritime port authorities, will enable improved data quality in the market of shippers, carriers, 3PLs, customs brokers, and transportation marketplaces, as well as downstream intermodal partners. For the public sector, BlueNode solutions enable government agencies to aggregate often disparate data from varied sources to inform trade compliance, public health, and economic policy.
Led by CEO Julie Gerdeman, Everstream Analytics, through the application of artificial intelligence and predictive analytics to its vast proprietary dataset, delivers the predictive insights and risk analytics businesses need for a more autonomous and sustainable supply chain. Its solution integrates with procurement, logistics and business continuity platforms generating the complete information, sharper analysis, and accurate predictions required to turn the supply chain into a business asset.
Through the acquisition, Everstream now provides:
- Enhanced understanding of vessel performance and analytics, port call optimization, and end-to-end cargo visibility with port operations data.
- Automation of maritime shipping data cleansing from bills of lading, customs declarations and other documents in EDI, XML, spreadsheet, and paper submissions, reducing a labor-intensive and error-prone process.
- Accurate measurement of carbon and Scope 3 emissions from ports, terminal operators, maritime and rail carriers, shippers, and trade authorities.
- Insights to reveal and diagnose anomalies in trade data, including counterfeit, fraud, or dangerous goods violations.
