RightShip to Acquire Thynk Software’s Maritime Technology Business
RightShip, the ESG-focused digital maritime platform, will acquire the maritime technology business of Malta-based Thynk Software upon completion of the process on September 1, 2022. RightShip launched its platform, which was accepted by the market 18 months ago.
The acquisition will significantly expand RightShip’s capabilities and opportunities within the shipping industry. More than 3,000 people use RightShip’s due diligence, environmental and inspection services. RightShip helps with risk management and maintaining maritime safety standards.
Thynk Software, a Microsoft Gold Partner, uses its Genesis platform to deliver functionality instead of building it from scratch. The solutions developed by Thynk involve the latest cloud, AI, UX and distributed technologies.
Steen Lund, CEO of RightShip, said, “I am delighted that we can announce the acquisition of Thynk Software’s maritime technology business, and that Marlon and his team are joining RightShip.
“This is a key strategic development for RightShip as we gain our own in-house technology competency that will support our long-term growth goal of being a leading ESG-focused digital maritime platform.
As a result, Marlon Grech, founder and CEO of Thynk, and approximately 30 Thynk employees will join RightShip. Upon completion of the acquisition, Grech will be named RightShip’s first chief technology officer.
Grech said, “This is a great opportunity for us at Thynk to solidify and grow our long-term relationship with RightShip. We’ve worked together for a number of years now and know each other well, so for me and my team based in Malta, it’s a natural progression.
“We all look forward to the opportunities that will come our way as part of the RightShip team.”