Descartes Labs, a leading provider of geospatial analytics and artificial intelligence solutions, has acquired all of the operating assets of Geosite, a SaaS provider of geospatial intelligence to property and casualty insurance companies.

The acquisition is seen as a significant step towards providing enhanced geospatial solutions to meet the evolving needs of clients in various industries.

The CEO of Geosite, Rachel Incognito, will lead the insurance technology business within Descartes Labs, leveraging Geosite’s expertise in commercial property and casualty insurance risk management.