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Space Imaging Signs Agreement To Buy Pacific Meridian
Denver-based Space Imaging signed an agreement to acquire Pacific Meridian Resources, of Emeryville, Calif., enabling Space Imaging to significantly expand visual Earth information products and to increase Pacific Meridian’s product offerings in vertical market areas.
Pacific Meridian will become a wholly owned subsidiary of Space Imaging. Terms of the agreement were not disclosed.
“Pacific Meridian Resources will provide tremendous value toward developing visual information products to meet our customers’ needs,” said John Copple, Space Imaging’s chairman and CEO. “Pacific Meridian Resources will help us expand our capabilities in product applications, analysis and decision support systems.”
Kass Green, Pacific Meridian’s president, said, “This merger is a natural fit for both our companies. Our experience in image classification, applications development, and Web technology will allow Space Imaging to offer complete, end-to-end information solutions. Pacific Meridian will gain access to new markets and resources, but as a wholly owned subsidiary, will continue to serve its existing clients.”
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