Smooth Sailing for Pole Star and Absolute

press release
Thursday, October 27, 2011

Newly merged company will track and monitor half the world’s ships.


Pole Star Space Applications Limited (“Pole Star”), Absolute Software Inc. and Absolute Maritime Tracking Services Inc. (“Absolute”) today announced that the merger of the three organisations has been completed.  The enlarged global business, headquartered in West London, will provide a combination of monitoring and security related services to more than 35,000 vessels - half the world’s international fleet. Combining Pole Star’s award-winning expertise in systems for commercial fleets, flags and maritime administrations with Absolute’s proven credentials in fisheries management, together with its services to flags and maritime administrations, the enlarged organisation will offer cutting-edge technology to the maritime industry as a whole.


The merged company will now operate Long-Range Identification & Tracking (LRIT) data centres for 40 maritime administrations including Panama, Singapore, the Marshall Islands, Liberia, Australia, and Canada; as well as providing LRIT Conformance Testing and Certification for more than 90 Flags.  In addition, the combined company’s increased technology resources will enable the group to deliver superior, cutting edge products more quickly to its customers.
“As a long time customer of Pole Star, we are excited by this merger and look forward to the added benefits that this will bring to us,” said Captain Jude Dias, Company Security and Safety Manager of Wallem GmbH & Co, Germany. 

“With the combined technology expertise and reach of these two organisations, Pole Star will provide us with the advanced technological solutions that we need to manage, track and protect our fleet in line with international regulations and compliance measures.”
 

“Our goal is to be the world’s leading provider of fleet management, ship security and vessel monitoring systems to the maritime industry as a whole. This merger is a big step towards achieving that,” said Colin Hook, the newly appointed CEO of Pole Star.  “Both Pole Star and Absolute have complementary businesses and technologies and together we can provide extended, more advanced services and systems to our clients around the globe. We are excited by the opportunity of being able to offer fisheries solutions to many of our existing government clients.”
 


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