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Business/Financial

Cubic Completes Acquisition Of Imagery Management Company PIXIA

By Cal Biesecker

Monday, January 6th, 2020

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Cubic Completes Acquisition Of Imagery Management Company PIXIA

PIXIA provides a number of imagery management products including HiPER Look, a data access solution used to catalog, organize, and share large volumes of geospatial data and imagery via OGC compliant web services. Pixia image.

Cubic Corp. [CUB] on Monday said it has completed the acquisition of the imagery management system company PIXIA, spending $250 million total for the company that provides cloud-based solutions for managing and accessing vast amounts of wide area motion imagery. Cubic last June initially acquired a 20 percent stake in Virginia-based PIXIA for $50 million and then in November said it had agreed to acquire the remaining stake in the company for an additional $200 million. Cubic said the acquisition…

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