[SatNews] DigitalGlobe, Inc. (NYSE: DGI) 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.”
DigitalGlobe's infosite is available at http://www.digitalglobe.com/