Ocean Technologies Group completes Compas acquisition

Ocean Technologies Group (OTG) announced has acquired crew management Software-as-a-Service (SaaS) firm Compas.

The acquisition adds a third pillar to the organisation alongside its Learning and Fleet Management solutions, OTG said.

Announcing the deal, Manish Singh, CEO of OTG said, “Our group companies have a combined track record of over a hundred years in pro-actively delivering solutions for the most pressing challenges facing seafarers and ship managers.

“The current operating environment demands unified solutions to manage complex operations with efficient labour-saving workflows and improved data portability.”

OTG already serves over a million seafarers connecting them with maritime professionals ashore and providing support both in their work and career development.

The Compas deal demonstrates a big step in furthering this agenda – but also reflects the increasing importance of effective management of human resource management to world trade, OTG said.

The ongoing COVID-19 crisis has introduced significant disruptions to seafarers and their shore-based colleagues in routine operations including crew changes, crew training, procurement, and maintenance, amongst other operations.

With fewer personnel at sea and ashore and qualified crew harder to find, the importance of retaining talent and supporting seafarers in their work has never been more important.

Ship managers are increasingly turning to SaaS, OTG notes, to integrate across their fleet to enable compliant and efficient performance from their workforce and the vessels they manage.

Compas CEO Cornel Ciocan added, “We have enjoyed fruitful partnerships with OTG’s brands over the years and now as fellow OTG companies with even closer alignment of our platforms, we will be able to offer best-of-breed specialisation with “out of the box” interoperability, bringing significant efficiencies and new possibilities to our customers.”


https://www.porttechnology.org/news/ocean-technologies-group-completes-compas-acquisition/