[Satellite TODAY 12-09-10] GeoEye has agreed to purchase 100 percent of the stock of Spadac Inc., a geospatial predictive analytics company, for $46 million in cash and stock, GeoEye announced Dec. 8.
Spadac provides geospatial predictive analytic solutions to more than 40 customers in the defense, intelligence and homeland security markets. Spadac’s revenues are forecasted to be about $27 million in 2010.
GeoEye has held a minority stake in Spadac since 2007. Upon the completion of the acquisition, expected before the end of the year, Spadac will become a wholly owned subsidiary and renamed GeoEye Analytics.
GeoEye to Acquire Spadac
By 
Jason Bates
Jason Bates
TGS Taps Speedcast for All-LEO Solution
Speedcast has secured another connectivity deal in the energy industry. It has implemented an all-LEO solution across the fleet of TGS, a global provider of data and intelligence to the […]
Trending Now
-
10 Hottest10 Smallsat Startups to Watch in 2026
-
Government/MilitaryWhite House Targets Support for 1,000 Launches Per Year by 2030
