Directions Magazine
Hello. Login | Register

Press Releases

Home | Submit Press Release

DigitalGlobe Acquires Spatial Energy

Bookmark and Share
Wednesday, February 26th 2014
DigitalGlobe | Longmont, CO


DigitalGlobe Acquires Spatial Energy

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® – 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 production lifecycles.”

About DigitalGlobe

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.

Contacts

Investor Contact:

David Banks

(303) 684-4210

ir@digitalglobe.com

Media Contact:

Nancy Coleman

(303) 684-1674

nancy.coleman@digitalglobe.com

Bookmark and Share

Stay Connected

Twitter RSS Facebook LinkedIn Delicious Apple Devices Android Blackberry






Recent Comments

The Big Four Make Big Waves in Location Intelligence

Microsoft, IBM, Apple and SAP have been making huge investments in geospatial technology and in some cases, working together. Are there implications for a new era in enterprise spatial analytics? Is this the dawn of true big data geospatial analytics?

How can I use crowdsourced data?
Esri UC 2014 Plenary: The More Things Change, The More They Stay the Same
OmniEarth to Focus on Automated Intelligence from Earth Imagery
Learn ArcGIS: Esri Embraces New Vision for Teaching and Learning GIS
Ubisense’s myWorld 2.0 Addresses Enterprise Operational Awareness
Ruling on sharper satellite images poses a privacy problem we can no longer ignore
10 Common Python Errors of Beginning ArcGIS Programmers
GIS Tackles Big Issues: Environment, Health, Climate and Infrastructure

DirectionsMag.com

About Us | Advertise | Contact Us | Web Terms & Conditions | Privacy Policy
© 2014 Directions Media. All Rights Reserved