Ericsson has teamed up with Pole Star Space Applications to offer maritime customers the best of both companies covering ICT transformation, networking, cloud, mobility, management, regulatory compliance, situational awareness, and global services capabilities.
The two companies plan to deliver value by offering maritime customers a complete end-to-end product and services portfolio with joint innovations that accelerate new business models. UK firm Pole Star provides global satellite vessel tracking software for real-time vessel monitoring including, position reporting, detailed maps and weather layers.
At the same time they also aim to channel the combined scale and innovation of both companies to accelerate the development of platforms and services for customers wishing to monitor and manage maritime assets worldwide.
The new strategic partnership will allow both companies to jointly address the needs of traditional shipping customers looking for improved fleet efficiency gains, as well as providing new solutions for managing compliance and environmental risk.
With advanced sanctions screening and vessel monitoring solutions, shipping companies will now be able to draw on the two partners' complementary offerings, including global services capabilities such as consulting, systems integration, and support to both ship and shore-based managed operations.
The partnership aims to drive growth and value for both companies, with each benefiting from incremental revenues. New and greater opportunities are also expected, as the partnership enables both companies to drive their efforts and investments to deliver value in growth markets.
Julian Longson, managing director, Pole Star Space Applications, said: "Successful companies are those that build the right strategic partnerships to accelerate innovation, growth and customer value. Our announcement brings together two organisations with complementary cultures and strong track records of innovation. Our partnership will drive growth for both companies, create unique value for our customers and provide incredible innovation for the maritime industry."
John Taxgaard, Head of Maritime, Customer Group Industry & Society, Ericsson, said: "Our two companies share the same vision for the use of regulatory information and how this might be developed and leveraged by other industries. Initially, our partnership will focus on joint development and commercialisation."