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Business/Financial

GeoEye Completes Acquisition of SPADAC

DDN

Friday, December 17th, 2010

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GeoEye [GEOY] yesterday said it has completed its acquisition of the geospatial predictive analytics company SPADAC for $46 million in cash and stock, strengthening its information services business and expanding its presence with the National Geo-Spatial Agency, its largest customer. SPADAC has been renamed GeoEye Analytics and is a subsidiary of GeoEye. GeoEye Analytics has over 40 customers in the intelligence, defense and homeland security areas. About 90 percent of GeoEye Analytics' $27 million in sales this year will be…

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