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Planet Closes Sinergise Acquisition 

By Rachel Jewett | August 14, 2023

      Via Satellite illustration.

      Planet has closed its acquisition of Slovenian company Sinergise to expand and enhance its Earth Data Platform. Planet announced the acquisition in March of this year.  

      Sinergise makes the technology that powers the Sentinel Hub API that makes Sentinel and Landsat satellite data accessible. Planet said it is committed to supporting the Earth Observation market with growing capabilities and an open standard for greater interoperability in the global user community. 

      Planet said that the Sinergise team will become part of the company’s operations in Europe and Planet will maintain two additional offices in Europe in Slovenia and Austria. 

      This comes after Planet announced laying off about 10% of its team earlier this month to focus on opportunities with the highest return on investment. Planet’s business is growing, but the company cut its growth forecast for the current fiscal year from 35% year-over-year growth to 20%. 

      This is Planet’s sixth acquisition. It acquired the BlackBridge group of companies in 2015, Terra Bella business from Google in 2017, Boundless Spatial in 2019, VanderSat in 2021, and Salo Sciences in 2023.