[SatNews] On August 29, 2014, OmniEarth Incorporated completed its acquisition of IRISmaps, Inc. in a stock-for-stock transaction.
IRIS provides customized, cloud-based solutions that integrate Earth imagery with geospatial and business data to enable organizations to access information, analyze it, and take action to solve business problems quickly and effectively. The combined companies will be led by OmniEarth CEO, Lars Dyrud. IRIS’ portfolio includes asset and environmental monitoring products that have been deployed at major agriculture and energy companies, and in the public sector. Dyrud sees this as a natural fit for OmniEarth, which is focusing its initial business offerings on underserved markets like agriculture and energy.
With the IRIS acquisition, OmniEarth will be well-positioned to deliver solutions that will inform all phases of energy exploration and development. Specifically, the company plans to continue IRIS’ energy portfolio products, such as high consequence area monitoring and thermal steam cycle analysis, as well as establish new ones that combine the talents of the IRIS software developers with rich data fusion and analytics enabled by the planned OmniEarth constellation.
The OmniEarth infosite may be reached at http://omniearth.net/