DigitalGlobe Acquires Spatial Energy
February 26 2014 - 8:05AM
Marketwired
DigitalGlobe Acquires Spatial Energy
Advances DigitalGlobe's Position in Oil & Gas
LONGMONT, CO--(Marketwired - Feb 26, 2014) - DigitalGlobe, Inc.
(NYSE: DGI), a leading provider of commercial high-resolution earth
observation and advanced geospatial solutions, today announced that
it has acquired Spatial Energy, a leading source for digital
imagery and related services to the energy industry. Financial
terms of the transaction were not disclosed.
Spatial Energy helps energy companies reduce the cost, time and
effort associated with acquiring and analyzing complex geospatial
information. Spatial Energy's robust geospatial solutions
enable its customers, which include 12 of the top 20 largest oil
and gas companies, to more effectively manage their workflows
throughout the exploration and production lifecycle. The
company provides more than 50 different geospatial data sets,
allowing its customers to tailor information solutions to best meet
their needs. Its cloud-based spatial data management and
delivery platform -- Spatial on Demand® -- integrates vast archives
of geospatial data into a centralized online database that can be
accessed anywhere and procured through a subscription
service. Founded in 2005, Spatial Energy is a privately-held
company based in Boulder, Colorado.
"The acquisition of Spatial Energy advances our position as the
leading source of geospatial information and insight," said Jeffrey
R. Tarr, Chief Executive Officer. "Spatial Energy's powerful
cloud-based solution streamlines the process of acquiring and
analyzing complex geospatial information and aligns with our goal
of delivering insight that answers vital questions for our
customers. In addition, Spatial Energy provides DigitalGlobe
with a talented, global sales force in the oil and gas vertical,
positioning us closer to end customers in this dynamic
industry."
Kenneth "Bud" Pope, co-founder and President of Spatial Energy,
added, "Spatial Energy has been trusted as a leading provider of
geospatial solutions to the oil and gas industry, helping companies
turn imagery from a time-consuming task into a corporate
asset. We're excited to join the DigitalGlobe team to deliver
more value and scale to our customers."
Mike Bahorich, Executive Vice President and Chief Technology
Officer of Apache Corporation, said, "We find the Spatial on Demand
platform helpful for making exploration and environmental
decisions. We're excited about the combined organization's
ability to offer us more access to the highest quality commercial
imagery in the world, which will save time and resources throughout
the exploration and production lifecycles."
About DigitalGlobe
DigitalGlobe is a leading provider of commercial high-resolution
earth observation and advanced geospatial solutions that help
decision makers better understand our changing planet in order to
save lives, resources and time. Sourced from the world's leading
constellation, our imagery solutions deliver unmatched coverage and
capacity to meet our customers' most demanding mission
requirements. Each day customers in defense and intelligence,
public safety, civil agencies, map making and analysis,
environmental monitoring, oil and gas exploration, infrastructure
management, navigation technology, and providers of location-based
services depend on DigitalGlobe data, information, technology and
expertise to gain actionable insight.
DigitalGlobe is a registered trademark of DigitalGlobe.
Contacts Investor Contact: David Banks (303) 684-4210
ir@digitalglobe.com Media Contact: Nancy Coleman (303) 684-1674
nancy.coleman@digitalglobe.com
Digitalglobe, (delisted) (NYSE:DGI)
Historical Stock Chart
From Jun 2024 to Jul 2024
Digitalglobe, (delisted) (NYSE:DGI)
Historical Stock Chart
From Jul 2023 to Jul 2024