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GeoEye To Acquire Predictive Analytics Firm SPADAC

DDN

Thursday, December 16th, 2010

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Satellite imagery provider GeoEye, Inc., [GEOY] recently said it has agreed to acquire SPADAC, Inc., for $46 million in cash and stock, bolstering its information services business by adding geospatial predictive analytic capabilities. In addition, the GeoEye boosts its presence with its largest customer, the National Geo-Spatial Agency, one of more than 40 of SPADAC's customers in the intelligence, defense and homeland security arenas. GeoEye said that SPADAC's business isn't concentrated in any particular agency, many of which will represent…

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