Zoetis today announced the acquisition of Performance Livestock Analytics to enhance its animal health solutions across the continuum of care for beef producers. The addition of Performance Livestock Analytics, a technology company that simplifies data and analytics for the livestock industry, will help Zoetis to accelerate progress in precision livestock farming and improve sustainability of producers' operations. Financial terms of the transaction are not being disclosed.
Performance Livestock Analytics was the first company to offer cloud-based data management to beef producers. Today, its innovative Performance Beef solution combines cloud-based technology with automated on-farm data collection to provide powerful analytics that help feedlot managers make better decisions across financials, nutrition and animal health. Simplifying feeding to financials, Performance Beef makes it easy to change rations; create accurate invoices and closeout reports; and analyze trends in feed efficiencies, costs and performance. New animal health inputs can automatically be captured at the chute, providing insights into individual animal performance and health protocol compliance. Cattle Krush is a complementary tool to Performance Beef, using real-time market data to give producers instant breakeven, market analytics and profit alerts to help in buying and selling cattle.
'The addition of Performance Livestock Analytics is an important part of our strategy to bring precision livestock farming to our customers to help improve the health of their animals and the sustainability of their operations,' said Mike McFarland, DVM, DABVP, Executive Vice President and Group President of Accelerated Growth Businesses for Zoetis. 'The team at Performance Livestock Analytics has successfully applied Silicon Valley technology learnings to the needs of livestock producers, and we are thrilled to have them join us at Zoetis to continue leading the way in digital and data analytics for livestock.'
'Our digital platform changes how livestock producers manage their business. Real-time, accurate data allows producers to make better management decisions to help boost efficiency and profitability,' said Dane Kuper, co-founder and CEO, Performance Livestock Analytics. 'Both our culture and vision align well with Zoetis. Now as part of Zoetis, we will be better positioned to provide practical technology solutions to improve livestock health and sustainability for our customers.'
Precision livestock farming can help improve producers' decision-making, right down to the level of each individual animal, to maximize health and well-being, performance, and efficiency across livestock operations. Digital platforms and technology can help integrate information that a producer has available from multiple sources and turn that information into useful insights that inform health and management decisions. On-farm data also may be meaningful if shared throughout the supply chain in response to consumers' growing interest in how food-producing animals are raised.
Zoetis is the leading animal health company, dedicated to supporting its customers and their businesses. Building on more than 65 years of experience in animal health, Zoetis discovers, develops, manufactures and commercializes medicines, vaccines and diagnostic products, which are complemented by biodevices, genetic tests and precision livestock farming. Zoetis serves veterinarians, livestock producers and people who raise and care for farm and companion animals with sales of its products in more than 100 countries. In 2019, the company generated annual revenue of $6.3 billion with approximately 10,600 employees. For more information, visit www.zoetis.com.
About Performance Livestock Analytics
Performance Livestock Analytics was founded to provide a digital platform for the livestock industry. Using practical insights from livestock producers, technical expertise of data engineers, and their own livestock and Silicon Valley experience, the company's founders created the beef industry's first cloud-based platform. Performance Livestock Analytics aims to provide innovative solutions to connect the livestock industry and empower data-driven decisions through every step of the supply chain. For more information, visit: www.performancelivestockanalytics.com
This press release contains forward-looking statements, which reflect the current views of Zoetis with respect to business plans or prospects, future operating or financial performance, future guidance, future operating models, expectations regarding products, expectations regarding the performance of acquired companies and our ability to integrate new businesses, expectations regarding the financial impact of acquisitions, future use of cash and dividend payments, and other future events.
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