Latest acquisition advances Dow Jones's energy
business with industry-leading artificial intelligence (AI)
capabilities
NEW
YORK, July 2, 2024 /PRNewswire/ -- Dow Jones
announced that it has acquired A2i Systems, a world leader in
AI-powered fuel pricing solutions.
A2i adds to Dow Jones's growing suite of AI capabilities and
will operate as a subsidiary of OPIS within Dow Jones's energy
business, maintaining its focus on innovation and product
development. A2i's best-in-class AI engine applies advanced
predictive technologies and real-time pricing data to forecast
consumer buying behaviors in dynamic market conditions. Its
PriceCast platform is in operation at over 12,500 fuel sites,
electric vehicle (EV) charging stations and convenience stores
across 20+ countries globally.
A2i joins Dow Jones at a time of continued growth and expansion
as a leading business news and information business. In its latest
reported earnings, Dow Jones revenues totaled $544 million, which included 15% growth in its
energy business.
Headquartered in Odense,
Denmark, A2i has a strong track record of growth and a broad
geographical footprint across Europe and North
America. With this acquisition, OPIS will substantially
diversify and strengthen its suite of offerings for retail
customers, where market demand for pricing, analysis and
forecasting is growing rapidly.
"The business and teams we are welcoming to our company today
have built one of the most trusted, ethically sound AI platforms in
the industry," said Almar
Latour, CEO of Dow Jones. "This knowledge and expertise
is an excellent companion to OPIS, enabling us to create immediate
value for our customers and subscribers. Our shared commitment to
integrity and innovation with AI open a range of growth
opportunities not only for our energy vertical but for Dow Jones
writ large."
"We're thrilled to welcome A2i to our team," added
Brian Crotty, general manager
of Dow Jones's energy business. "Since 2007, A2i has been a pioneer
in applying leading-edge technologies to optimize fuel pricing
strategies. This move will strengthen our position within the
evolving retail sector, helping our customers tap into the booming
EV market and navigate their transition from traditional fuel-first
forecourts into multi-purpose mobility hubs."
Frodi Hammer, A2i founder and CEO added: "Joining forces
with OPIS, a brand that is trusted across the fuel supply chain for
its market-leading news, data and analysis, presents an amazing
opportunity to scale our technology and impact. Today marks the
start of an exciting new chapter and we are confident that the team
will flourish as part of OPIS and the wider Dow Jones organization
and continue pushing forward with innovation."
About Dow Jones
Dow Jones is a global provider of news
and business information, delivering content to consumers and
organizations around the world across multiple formats, including
print, digital, mobile and live events. Dow Jones has produced
unrivaled quality content for more than 130 years and today has one
of the world's largest news-gathering operations globally. It is
home to leading publications and products including the flagship
Wall Street Journal, America's largest newspaper by paid
circulation; Barron's, MarketWatch, Mansion Global, Financial News,
Investor's Business Daily, Factiva, Dow Jones Risk &
Compliance, Dow Jones Newswires, OPIS and Chemical Market
Analytics. Dow Jones is a division of News Corp (Nasdaq: NWS, NWSA;
ASX: NWS, NWSLV).
About OPIS
OPIS, a Dow Jones company, provides
accurate pricing, real-time news and expert analysis across the
global fuel supply chain, including the Spot, Wholesale Rack and
Retail markets. OPIS and its brands, McCloskey, PetroChem Wire,
Axxis and Chemical Market Analytics, enable customers to buy and
sell energy commodities with confidence across the globe via easy
access to transparent data, expert-level customer support,
educational events and energy data solutions.
OPIS assessments reflect confirmed bids, offers and trades reported
by approved traders, brokers and electronic platforms. Full details
about OPIS pricing methodologies are available at
opisnet.com/about/methodology.
About A2i
A2i Systems is a provider of PriceCast, a
retail pricing solution for fuel, EV and convenience stores,
trusted by some of the biggest retailers in the industry. By
combining a proprietary self-learning AI with real-time data
streams, PriceCast provides unprecedented insights into market
dynamics helping retailers to empower their network and brand
values to meet their business goals.
Press Contact
Louise Goodenday
louise.goodenday@dowjones.com
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SOURCE Dow Jones & Company, Inc.