SAN FRANCISCO, Calif., & TALLINN, Estonia — The Climate Corp., a subsidiary of Monsanto, announced the acquisition of VitalFields, a European farm management software company based in Tallinn, Estonia.
Founded in 2011 and available in seven European countries, VitalFields offers a tool for farmers to plan, manage and analyze their field activities, including tracking and reporting of all crop inputs to help ensure compliance with European Union environmental standards.
"This acquisition marks Climate’s first step into the European market, and we’re looking forward to working with VitalFields to grow and enhance their current tools to help farmers maximize their return on every hectare,” said Mike Stern, chief executive officer for The Climate Corp.
VitalFields’ tools will continue to be sold in Europe. Climate plans to expand the VitalFields user base to help European farmers uncover valuable field insights and use field data to improve productivity.
Prior to this acquisition, Monsanto Growth Ventures (MGV), the venture capital arm of Monsanto, saw promise in the developing company and was an early investor in VitalFields, incorporating it into the MGV portfolio that includes a wide-range of independent companies active in key areas of agricultural productivity.
The terms of the agreement were not disclosed. The VitalFields team will continue operating in Europe.