Hemisphere GPS today announced that it is entering the emerging data services market in precision agriculture with a purchase agreement to acquire the assets and operations of AgJunction from GVM, Inc. AgJunction, located in State College, Pennsylvania, provides a cloud-based data management software platform and wireless hardware to precision agriculture retailers and growers.
Driven by ever-increasing global food demand versus higher costs of inputs including fuel, fertilizer, pesticides and water, agriculture is increasingly becoming a high-technology business. Data services now represent an emerging growth segment in precision agriculture with market adoption driving an 80% 3-year cumulative annual revenue growth rate for AgJunction. Through this acquisition, Hemisphere GPS aims to rapidly offer its customer base connected solutions integrating location based technology hardware with cloud based wireless data management services.
Established in 2008, AgJunction has developed a patent-pending, flexible, web-based system for client, farm and field management. The system is open and cloud-based to easily capture and share data from many types of precision agriculture controllers on the farm.… Continue readingRead More »