Pelmorex Corp. makes a majority investment in Weather Source, a leading provider of weather data products in the U.S. Market
Oakville, Ontario, December 17, 2019 – Pelmorex Corp., the third largest multi-platform weather company in the world, is pleased to announce its majority investment in Weather Source, a U.S. based organization dedicated to making hyper-local weather and climate data accessible around the globe and across all industries. Weather Source will expand Pelmorex Corp’s portfolio of trusted brands – The Weather Network, MétéoMédia, EITiempo.es, OTempo.pt and Clima.
“Since 1989, Pelmorex has constantly been looking forward, innovating and taking the business to new levels. We have evolved from being a weather B2C player, to breaking new ground by offering specialized Data Solutions to businesses,” said Pierre L. Morrissette, Founder & Executive Chairman, Pelmorex Corp.
In 2017, Pelmorex Corp. entered the big data, analytics and insights market with the creation of its data solutions business. Partnering with Weather Source allows Pelmorex to expand its Weather Insights Platform for enterprise clients by integrating Weather Source’s unparalleled proprietary OnPoint weather and climatology data. Weather Source’s products are designed to empower customers to reduce waste, increase ROI, fine-tune logistics, optimize marketing strategies and improve resource planning.
“Pelmorex is on a mission to harness the value of weather to make businesses and consumers smarter and safer,” said Sam Sebastian, President & CEO, Pelmorex Corp. “This acquisition fits perfectly with that mission as it will allow us to bring the highest quality of product solutions to businesses and consumers across all markets.”
“Since 2015, Weather Source has sought to offer the highest quality weather and climate data for business intelligence and we are very excited for the next chapter as we continue to grow and release powerful and novel solutions in partnership with Pelmorex, a titan in the weather data industry,” said Mark Gibbas, CEO, Weather Source.
The integration of Weather Source’s data, technical expertise, product vision and explosive growth in the U.S. market; along with Pelmorex’s leadership positions in Canada and Spain, its expansive user base, trove of rich data and team of data scientists, will enable both companies to provide specialized solutions on a larger scale.
To learn more, visit weathersource.com