EagleView Technologies and Pictometry International Announce Merger
EagleView Technologies, a provider of automated 3D measurement technologies and analysis and Pictometry International, a geo-referenced aerial image capture and visual-centric data analytics company, jointly announced a merger agreement.
The merger creates one global company offering comprehensive capabilities in aerial imagery collections, geospatial analytics and 3D measurement technologies to both government and commercial customers. The company will operate with offices in Bothell, Wash. and Rochester, N.Y., while also maintaining satellite offices in other locations.
Chris Barrow, EagleView’s chief executive officer, will lead the management team of the combined company as its president and chief executive officer, while Pictometry’s chief executive officer, Rick Hurwitz, will exit the business having worked closely with both companies in support of this transaction.
The two companies have combined pro forma revenues of over $100 million for calendar year 2012 and have experienced significant historical growth.
Under the terms of the merger agreement, EagleView and Pictometry merged in a stock-for-stock merger-of-equals transaction pursuant to which both EagleView and Pictometry became wholly owned subsidiaries of a new entity.
Source: Eagleview Technologies and Pictometry
- Apollo’s Rowan Blasts Regulators for Handling of Walter Insurers
- El Niño and Heat Fuel Destructive Storms Across Pacific Ocean
- State Farm Says It’s Adding 3,000 More Jobs in Claims Next Year
- The Adjuster Tenure Problem
- Londoners Find ‘Horrendous’ Cracks in Their Homes After Successive Heat Waves
- Torrential Rain Brings Deadly Floods Back to East Coast of Spain
- Credit Acceptance Reaches $710M Predatory Auto Lending Settlement With Most States
- The Great Hemp Reset: How the Federal Ban on Intoxicating Hemp Products Will Reshape Risk and Coverage