DigitalGlobe Acquires Spatial Energy
Advances DigitalGlobe's Position in Oil & Gas
LONGMONT, CO -- (Marketwired) -- 02/26/14 -- DigitalGlobe, Inc.
(NYSE: DGI), a leading provider of commercial high-resolution earth
observation and advanced geospatial solutions, today announced that
it 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(R)
-- 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."
Kenneth "Bud" Pope, co-founder and President of Spatial Energy,
added, "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. We're
excited to join the DigitalGlobe team to deliver more value and scale
to our customers."
Mike Bahorich, Executive Vice President and Chief Technology Officer
of Apache Corporation, said, "We find the Spatial on Demand platform
helpful for making exploration and environmental decisions. We're
excited about the combined organization's ability to offer us more
access to the highest quality commercial imagery in the world, which
will save time and resources throughout the exploration and
DigitalGlobe is a leading provider of commercial high-resolution
earth observation and advanced geospatial solutions that help
decision makers better understand our changing planet in order to
save lives, resources and time. Sourced from the world's leading
constellation, our imagery solutions deliver unmatched coverage and
capacity to meet our customers' most demanding mission requirements.
Each day customers in defense and intelligence, public safety, civil
agencies, map making and analysis, environmental monitoring, oil and
gas exploration, infrastructure management, navigation technology,
and providers of location-based services depend on DigitalGlobe data,
information, technology and expertise to gain actionable insight.
DigitalGlobe is a registered trademark of DigitalGlobe.
Press spacebar to pause and continue. Press esc to stop.