Local company founded in 1999
FRANKFORT, Ky. (Jan. 29, 2016) — Genscape Inc. held a ribbon cutting ceremony Thursday to celebrate the opening of its new office in a renovated historic building in Old Louisville. Genscape, which tracks energy and commodities industry data, plans to double its Louisville employee count to about 180 in the coming few years.
“It is exciting to see a locally grown company continue to expand and reinvest in the community,” said Gov. Matt Bevin. “Seeing the value in a previously otherwise neglected property not only rejuvenates one of Kentucky’s most historic neighborhoods, but allows Genscape the opportunity to create jobs in the promising career field of data science right here in Old Louisville.”
Founded in 1999 Genscape gathers data from across the commodity and energy spectrum including power, oil, natural gas, petrochemical and natural gas liquids, agriculture, biofuels and maritime freight.
Genscape grew over the next decade to operate the world’s largest private network of in-the-field monitors. It recently added satellite reconnaissance, artificial intelligence and maritime freight tracking to its data acquisition capabilities.
The company’s customers include global commodity and energy trading hedge funds, banks, producers, marketers as well as numerous government entities, including U.S. Department of Energy and the Federal Energy Regulatory Commission.
“We have seen our growth accelerate over the recent years, and we were simply out of room,” said CEO Matthew Burkley. “With the goal of identifying top talent and doubling local employment, we have designed and redeveloped the building to reflect our creative, entrepreneurial culture, in hopes of maintaining our reputation as the best workplace in Louisville,” Burkley said.
Genscape is part of DMG Information, a division of Britain’s Daily Mail and General Trust plc.
“When we discuss quality of life in Louisville, we also mean quality of work life. Genscape recognizes all that our city offers—from parks to walking trails and a thriving downtown—and made a commitment to grow their headquarters locally,” said Louisville Mayor Greg Fischer said. “Genscape’s investment in the Old Louisville neighborhood will bring the tech jobs we are working to attract and will make a great impact on the surrounding small businesses.”