Panjiva Inc., a privately held company that provides differentiated, sector-relevant insights on global supply chains, including the apparel and textile industry, is set to be acquired by S&P Global, a leading provider of independent ratings, benchmarks, analytics and data to the capital and commodity markets worldwide.
“Together with our customers, the Panjiva team has developed novel ways to generate value from global supply chain data. In the years ahead, we are committed to ensuring that both Panjiva and S&P Global customers receive unrivaled insight into global supply chains,” Josh Green, CEO of Panjiva, said in a joint statement with company co-founder and chief technology officer James Psota. “As part of S&P Global Market Intelligence, we are confident that we can fulfill our ambitious goal of bringing transparency to global supply chains and are excited to continue to leverage technology to make sense of the rapidly expanding universe of unstructured data.”
Panjiva provides clients with macro data covering 95 percent of global trade flows, as well as transactional data covering 35 percent of global trade flows. The company tracks supply data from retailers, exporters and shippers across myriad industries and commodities by leveraging data science and technology.
The terms of the transaction, which is expected to close in the coming weeks, were not disclosed.
Mike Chinn, president of S&P Global Market Intelligence and executive vice president of technology and innovation at S&P Global, said, “Panjiva is an exciting acquisition for our division given their core strength in leveraging machine intelligence to combine 1 billion transaction records into a proprietary supply chain graph. Their highly skilled and innovative leadership team and employees will help strengthen the insights, products and data that we provide to our clients throughout the world.”
S&P Global Market Intelligence, a division of S&P Global, provides essential intelligence for individuals, companies and governments to make decisions. The acquisition of Panjiva is expected to be profitable in 2019. Given the transaction’s modest size, S&P Global does not expect a material impact to its adjusted earnings per share in 2018.
Panjiva, which was named one of the World’s Most Innovative Companies by Fast Company in 2018, leverages machine intelligence to combine 1 billion transaction records into its proprietary Supply Chain Graph, which describes 8 million companies across 195 countries and tracks the flow of trillions of dollars of goods.