Estimated reading time 2 minutes, 30 seconds.
JETNET, a leading provider of aviation data and market intelligence, announced on Jan. 25 that it acquired ADS-B Exchange, one of the world’s largest networks of ADS-B/Mode S/MLAT feeders and providers of real-time and historical flight data. The acquisition is the second of what the company anticipates will be several future acquisitions, as JETNET expands its data-driven product offerings for the aviation industry.
Founded in 2016 by Dan Streufert, ADS-B Exchange aggregates approximately 750,000 messages per second worldwide via receivers hosted by aviation enthusiasts around the world. The acquisition of ADS-B Exchange will enable JETNET to expand its flight data solutions with real-time information.
“ADS-B Exchange was founded as the go-to resource for aviation and flight-data enthusiasts,” said Dan Streufert, President and Founder of ADS-B Exchange. “Joining forces with JETNET is the perfect match as we look to meet the business needs of our users while maintaining our enthusiast roots and unfiltered data. With a long history of providing highly valuable data to the aviation industry, JETNET offers the resources we need to accelerate our growth.”
Like JETNET, ADS-B Exchange serves numerous constituents across the aviation industry, including Maintenance, Repair, Overhaul (MRO), airport operations, and aircraft leasing. In addition, its real-time data is used by dozens of commercial customers across numerous end markets, including aerospace & defense, government, research/academic, and financial services.
“We are committed to providing our customers with innovative product offerings which provide the information and intelligence they rely on to make critical business decisions,” said JETNET CEO Derek Swaim. “We’ve long admired ADS-B Exchange and know how strategic the company’s real-time data offerings are to the aviation industry. Dan has done an incredible job building a fast-growing business that customers love. We believe he, and the ADS-B Exchange platform, will bring significant value to our customers.”
This press release was prepared and distributed by JETNET