GeoEye to acquire SPADAC

GeoEye, a premier provider of superior satellite and aerial-based geospatial information and services, announced that it has agreed to purchase 100 percent of the stock of SPADAC, a geospatial predictive analytics company, for $46 million in cash and stock. Upon the completion of the acquisition, SPADAC will become a wholly owned subsidiary named GeoEye Analytics. This acquisition will enhance the breadth of GeoEye's information service offerings and expand its customer base into new markets.

SPADAC provides geospatial predictive analytic solutions to over 40 customers in key markets of defense, intelligence and homeland security. Since SPADAC's formation in 2002, its industry-leading predictive analytics technology, combined with its world-class team of geospatial analysts and intelligence professionals, enables SPADAC to help customers gain the insight they need to support their mission-critical operations around the world.

SPADAC's revenues are forecasted to be approximately $27 million in 2010. Timing and completion of the transaction are subject to customary closing conditions.

Internet: www.geoeye.com