KDnuggets Home » News » 2010 » Dec » News Briefs » GeoEye to Acquire SPADAC Inc.  ( < Prev | 10:n30 | Next > )

GeoEye to Acquire SPADAC Inc.


 
  
for $46M in cash and stock. SPADAC, a geospatial predictive analytics company, will become a wholly owned subsidiary named GeoEye Analytics.


GeoEyeDULLES, Va., Dec. 8, 2010 /PRNewswire-FirstCall/ -- GeoEye, Inc. (Nasdaq: GEOY), a premier provider of superior satellite and aerial-based geospatial information and services, announced today that it has agreed to purchase 100 percent of the stock of SPADAC Inc., a geospatial predictive analytics company, for $46 million in cash and stock. Upon the completion of the acquisition, SPADAC will become a wholly owned subsidiary named GeoEye Analytics. This acquisition will enhance the breadth of GeoEye's information service offerings and expand its customer base into new markets.

SPADAC provides geospatial predictive analytic solutions to over 40 customers in key markets of defense, intelligence and homeland security. Since SPADAC's formation in 2002, its industry-leading predictive analytics technology, combined with its world-class team of geospatial analysts and intelligence professionals, enables SPADAC to help customers gain the insight they need to support their mission-critical operations around the world.

Read more from PR Newswire

and Geoeye announcement


KDnuggets Home » News » 2010 » Dec » News Briefs » GeoEye to Acquire SPADAC Inc.  ( < Prev | 10:n30 | Next > )