Thursday February 27, 2014 0 commentsLONGMONT - DigitalGlobe Inc. (NYSE: DGI), a leading provider of commercial high-resolution Earth observation and advanced geospatial solutions, announced it has acquired Spatial Energy, a Boulder-based source of 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.
Founded in 2005, Spatial Energy's customers include 12 of the top 20 largest oil-and-gas companies.
"The acquisition of Spatial Energy advances our position as the leading source of geospatial information and insight," said Jeffrey R. Tarr, DigitalGlobe's CEO.
"Spatial Energy's powerful cloud-based solution streamlines the process of acquiring and analyzing complex geospatial information and aligns with our goals 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."
"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," said Kenneth Pope, Spatial's co-founder and president.
"We're excited to join the DigitalGlobe team to deliver more value and scale to our customers."