November 9, 2021
Last month, Firmatek, a drone and lidar service company for stockpile management and 3D mapping, announced the purchase of Kespry’s drone-based aerial intelligence platform to create new market opportunities and deliver a vertical SaaS platform with Field-To-Finish automation for drone-based analytics.*
With over 30 years of expertise in the aggregates mining industry and having joined the drone industry back in 2015, Firmatek believes this acquisition will help to provide customers with the confidence and insights that they need to make better operational decisions in ever-changing environments. Combined with Kespry’s knowledge about the drone industry, which focused on the mining/aggregates industry in 2015 and evolved to construction in the past few years, Firmatek and Kespry will increase their nationwide presence and better serve their customers’ unique site needs more efficiently and economically.
“By combining Firmatek’s resources with Kespry’s expertise and leadership in AI-driven SaaS software, we can provide better outcomes for our customers. Together, we can continue to offer existing clients a higher level of service, deliver a greater depth of expertise, and become the only complete solutions provider in the market that can address every need for all our customers,” said Lauren Elmore, Firmatek Chief Executive Officer.
Purpose-built for Mining & Aggregates, Construction, Insurance, Process Industries, and Pulp & Paper, Kespry’s Aerial Intelligence platform provides users with a faster, easier, more accurate & cost-effective way to inspect, measure, analyze and report collected data. It accelerates the use of AI technologies and deep learning frameworks to analyze and process topographic analysis of mining/aggregate work sites, increase data accuracy, improve site safety, and eliminate several potential risk factors.
“Kespry has always stayed on top of emerging technology to better serve its customers, especially as we have expanded our compatibility with any drone model so that more customers can benefit from our solutions,” said Krishnan Hariharan, Kespry’s Chief Executive Officer prior to the acquisition.
Additionally, Kespry’s learning system will enable Firmatek to invest additional resources to increase innovation in this space and expand its offering to other industries such as landfill and waste management.
“Going forward, the expanded company will be able to leverage best practices, technology, and talent to deliver outstanding products and customer service,” Elmore added.
*Firmatek did not acquire assets related to Kespry’s Insurance and Roofing Business.