Date: May 08, 2017 Source: Business Wire (
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SAN FRANCISCO--(BUSINESS WIRE)--Today, The Climate Corporation, a subsidiary of Monsanto Company, announced the acquisition of HydroBio, an agriculture software company based in Denver, Colo. The HydroBio team will join The Climate Corporation, strengthening the company's efforts to deliver industry-leading digital technologies to farmers around the world.
"HydroBio has built a successful business, and their tools will complement our Climate FieldView™ digital agriculture platform offerings in the future."
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"HydroBio has unique irrigation-focused data analytics capabilities, and as global water use for crop production increases, efficient irrigation is becoming even more important to the future of sustainable agriculture," said Mike Stern, chief executive officer for The Climate Corporation. "HydroBio has built a successful business, and their tools will complement our Climate FieldView™ digital agriculture platform offerings in the future."
HydroBio uses a combination of satellite imagery, soil data and hyper-local weather data to deliver irrigation insights for farmers to help improve crop water-use efficiency and maximize yields. Its unique data-driven irrigation management platform turns satellite images into actionable information, builds custom irrigation prescriptions for optimized water application, and provides crop health monitoring throughout the growing season for enhanced productivity.
"We at HydroBio are very excited to join The Climate Corporation to bring our scalable irrigation management offering to more farmers in the future," said Barrett Mooney, co-founder and chief executive officer for HydroBio. "We're looking forward to collaborating with the great team at Climate to enhance the Climate FieldView platform and introduce new, digital tools that transform how technology is used on the farm."
Prior to this acquisition, Monsanto Growth Ventures (MGV), the venture capital arm of Monsanto Company, saw promise in the developing company and was an early investor in HydroBio, incorporating it into the MGV portfolio that includes a wide-range of independent companies active in key areas of agricultural productivity. This year, Monsanto Europe launched AquaTEK™, a commercial irrigation management tool for corn that is powered by HydroBio's irrigation management platform.
Officially launched in 2015, the Climate FieldView platform is on more than 100 million acres across the United States, Canada and Brazil, with more than 100,000 U.S. farmers engaging in Climate's digital tools. Backed by the most powerful data science engine and most extensive field research network in the agriculture industry, Climate FieldView delivers customized insights that help farmers make data-driven decisions with confidence to maximize yield potential, improve efficiency and manage risk. In November 2016, the company acquired VitalFields, a European farm management software company based in Tallinn, Estonia, marking the company's first step into the European market. The company plans to bring Climate FieldView to Europe in the coming year, with additional launch plans for Australia, Argentina and South Africa over the next few years.
About The Climate Corporation
The Climate Corporation, a subsidiary of Monsanto Company, aims to help all the world's farmers sustainably increase their productivity through the use of digital tools. The integrated Climate FieldView™ digital agriculture platform provides farmers with a comprehensive, connected suite of digital tools. Bringing together seamless field data collection, advanced agronomic modeling and local weather monitoring into simple mobile and web software solutions, the Climate FieldView platform gives farmers a deeper understanding of their fields so they can make more informed operating decisions to optimize yields, maximize efficiency and reduce risk. For more information, please visit www.climate.com or follow the company of Twitter @climatecorp.
About Monsanto Company
Monsanto is committed to bringing a broad range of solutions to help nourish our growing world. We produce seeds for fruits, vegetables and key crops -- such as corn, soybeans, and cotton -- that help farmers have better harvests while using water and other important resources more efficiently. We work to find sustainable solutions for soil health, help farmers use data to improve farming practices and conserve natural resources, and provide crop protection products to minimize damage from pests and disease. Through programs and partnerships, we collaborate with farmers, researchers, nonprofit organizations, universities and others to help tackle some of the world's biggest challenges. To learn more about Monsanto, our commitments and our more than 20,000 dedicated employees, please visit: discover.monsanto.com and monsanto.com. Follow our business on Twitter® at twitter.com/MonsantoCo, on the company blog, Beyond the Rows® at monsantoblog.com or subscribe to our News Release RSS Feed.
About HydroBio, Inc.
HydroBio is a Software as a Service company that uses satellite image driven analytics to conserve water and maximize crop yields. It is an agricultural decision support service currently supporting thousands of acres on three continents, saving time and money by informing optimal irrigation practices and identifying problems before they impact harvest. For further information on HydroBio, please visit www.hydrobioars.com.
Contacts
The Climate Corporation
Chelsea Shepherd, 314-258-0438
chelsea.shepherd@climate.com
