Acquiring MetStat will add unmatched capabilities and expertise in understanding, predicting and communicating about extreme precipitation events.
DTN, an independent source of insights, analysis and decision-support solutions, has signed an agreement to acquire MetStat, an industry leader in precipitation analysis and analytics. MetStat provides best-in-class high-resolution, real-time precipitation estimates, innovative analytics and post-storm analyses.
“MetStat brings innovative and unmatched expertise in understanding extreme precipitation events to help customers understand changing flash flood and flooding conditions, historical precipitation data and risk analyses,” said Mike Eilts, DTN senior vice president, weather. “By adding their technology and experts to DTN, we are amplifying our innovative solutions that serve customers in weather-sensitive industries to provide them the detailed storm analysis and risk communications they need to make smart decisions.”
MetStat manages the most sophisticated and data-rich multi-sensor quantitative precipitation estimation systems in the world. With access to that rich data, MetStat processes up to 50 different precipitation estimates and probabilistic analytics per hour and is able to identify extreme precipitation events as they happen. In real-time, the information and analytics keep customers aware of changing conditions and able to act quickly and efficiently to reduce risk and increase safety. The data is also leveraged in post-storm analyses, which are used for assessing and improving the design and operation of some of the world’s most significant dams and hydrologic infrastructure.
“We are excited to join DTN today,” said Tye Parzybok, chief executive officer and president of MetStat. “Together, our technology and expertise will support our customers across nearly every type of weather event and help them make decisions that reduce risk, increase safety and save money.”