DigitalGlobe (NYSE: DGI) has moved to grow its presence in the oil and gas market by acquiring digital imagery provider Spatial Energy for an undisclosed amount.
Energy companies use Spatial Energy’s geospatial tools and services to manage exploration and production projects, DigitalGlobe said Wednesday.
Jeffrey Tarr, CEO of DigitalGlobe, said the company intends for the Spatial Energy buy to help clients gain insights into geospatial information.
The company’s Spatial on Demand cloud-based spatial data management platform works to integrate geospatial information into a subscription-based online database.
Tarr also said DigitalGlobe will absorb Spatial Energy’s global sales team in the oil and gas vertical.