EAGLEVIEW AND PICTOMETRY MERGER
EagleView® Technologies, the leading provider of automated 3D measurement technologies and analysis solutions and Pictometry® International, the leader in geo-referenced aerial image capture and visual-centric data analytics, jointly announced today that they have entered into a definitive merger agreement under which EagleView and Pictometry have combined their businesses into a single entity. EagleView and Pictometry closed the transaction on January 7, 2013.
The merger creates a global leader providing unparalleled geo-referenced aerial imagery and analytical software solutions servicing both government and commercial customers. The new entity will offer comprehensive and robust capabilities in aerial imagery collections, geospatial analytics and 3D measurement technologies. A more diversified revenue base, greater financial resources, advanced product capabilities and significant growth opportunities will reach across current industry segments – including local and regional government, insurance, energy and utilities and construction – as well as additional verticals.