Thursday, December 16, 2010

GeoEye Completes Acquisition of SPADAC, Inc., an Industry Leader in Geospatial Analytics Solutions

GeoEye, Inc. (NASDAQ: GEOY), a premier provider of superior satellite and aerial-based geospatial information and services, announced today that it has completed the purchase of 100 percent of the stock of SPADAC, Inc., a geospatial predictive analytics company, for $46 million in cash and stock. With the completion of the acquisition, SPADAC has become a wholly owned subsidiary named GeoEye Analytics. GeoEye Analytics currently provides geospatial predictive analytic solutions to over 40 customers in key markets of defense, intelligence and homeland security, enabling their customers to gain the insight they need to support mission-critical operations around the world...


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