Boston, Massachusetts, U.S.A.-based Innovasea has acquired Aquanetix, an aquaculture software company, and has opened a new office in Greece.
Aquanetix was founded in 2015 and has developed a cloud-based aquaculture management software that “offers deep insights into farm operations," according to Innovasea.
“Acquiring a company of Aquanetix’s caliber presents an exciting opportunity for us,” Innovasea CEO David Kelly said.
Kelly said that the Aquanetix’s cloud-based farm management capabilities will be added to Innovasea’s suite of “real-time aquaculture intelligence solutions” to round out its aquaculture platform, “further helping our customers make data-driven decisions to improve operations, run more efficiently and sustainably, and become more profitable.”
The company’s software is currently in use at more than 200 fish farms in 31 countries, Innovasea said, and is being used to grow “more than 30 species” of fish and shrimp. The new software will be offered alongside Innovasea’s Realfish Pro, which the company said will now allow it to have a complete suite of “precision aquaculture tools” for all aspects of running a fish farm.
Aquanetix Co-Founder and CEO Diogo Thomaz and his team have been retained, Innovasea said.
“We’re thrilled to become part of the Innovasea family and add our farm management software to its strong portfolio of egg-to-harvest aquaculture solutions,” Thomaz said in a release. “This is a wonderful opportunity for us to make additional investment into our business to enhance our existing tools and better serve our customers.”
Innovasea did not disclose the terms of the deal.
The purchase coincides with Innovasea opening an office in Corinth, Greece, the first office in the country, which will also serve as the headquarters for Aquanetix. The move is the second expansion in the last three years after the company opened a full-service office in Puerto Varas, Chile in 2020.
Kelly said the new office in Greece will help the company execute its growth strategy in the Mediterranean and in the Middle East.
“Those regions have demonstrated a strong appetite for aquaculture and really seem to recognize the potential of fish farming to feed the planet’s growing population, so we want to continue helping companies establish and broaden the industry in those markets,” he said.
Photo courtesy of andrzej_67/Shutterstock
