[SatNews] GeoEye, Inc. (Nasdaq: GEOY) 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. 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 predictive analytics technology, combined with its 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. SPADAC's revenues are forecasted to be approximately $27 million in 2010. Timing and completion of the transaction are subject to customary closing conditions.