Spire Global, Inc. (NYSE: SPIR) has been selected by ESP Logistics Technology (“ESP”) to provide wind data through the company’s weather conditions API and real-time, automatic identification system (AIS), vessel-tracking data.
In the intricate supply chain industry, even the slightest disruption can lead to significant challenges and delays. This has led to a $3.4 billion inventory optimization, logistics and visualization and reporting market. ESP has selected Spire’s comprehensive weather conditions API to provide their helicopter customers with immediate, accurate wind data to make operational flight decisions. ESP also is using Spire’s AIS data to provide its clients with real-time tracking of their ships and estimated time of arrival at their destination based on historical data of ships traveling similar routes.
“At ESP, we are committed to enhancing supply chain efficiency and ensuring our clients’ operations run smoothly. With accurate wind data, our helicopter customers can optimize their flight operations, while real-time ship-tracking enables us to proactively manage deliveries, reducing delays and enhancing overall productivity. This collaboration with Spire reinforces our dedication to providing top-notch services and empowers us to make informed decisions in the face of the increasingly complex supply chain.” — Jonathan Rosenthal, CEO, ESP
International finance executive tapped to join Spire
Spire Global, Inc. (NYSE: SPIR) has appointed Leo Basola as the firm’s new Chief Financial Officer, replacing Thomas Krywe who held the title of CFO for nearly five years and had previously served as a financial consultant — Mr. Basola is a seasoned global finance executive, having held senior leadership roles in large public and multinational companies across multiple industries for more than two decades.
As Spire’s new CFO, Mr. Basola will be focused on supporting Spire’s growth and leading the Company on its path to profitability as it anticipates to be free cash flow positive in the second or third quarter of 2024.
Mr. Basola joins Spire after serving as Senior Finance Officer of Equifax International for more than four years, where he provided financial oversight for 23 countries, led two acquisitions, and played a strategic role in growing data and analytics sales and improving margins. Prior to that, he was CFO at ChemTreat, a Danaher Operating Company, for five years
Leo also spent 16 years at General Electric and Genworth Financial (GE’s Insurance spin off). A Corporate Audit Staff and Financial Management Program graduate, he held CFO and Acting CFO titles at GE Intelligent Platforms, GE Consumer and Industrial in EMEA, and Genworth’s Retirement and Protection Long Term Care and Mortgage Insurance Europe divisions.
“We’re excited to add Leo to our deep bench of leadership talent. Leo’s track record of working with public companies and, in his most recent role, financial oversight of operations in more than 20 countries across five regions tees us up for success during our next stage of growth. We are thrilled that Leo has chosen Spire to bring that experience. We are grateful to Tom for his stewardship and role in leading our high-growth business and wish him well. Tom’s been an integral part of our team as we grew our business from $1 million to more than $100 million in revenue during his nearly six-year tenure,” said Peter Platzer, CEO, Spire
