November 17, 2016 – DigitalGlobe, Inc. announced that it has completed the acquisition of privately held The Radiant Group, Inc. (“Radiant”) from Aston Capital for $140 million in cash.
With the completion of this transaction DigitalGlobe strengthens its position as the leading commercial source of geospatial information and insight with the capability and scale to address the needs of the world’s largest and most sophisticated customers across the entire geospatial intelligence value chain.
The combined DigitalGlobe Services business will support critical national security missions with an expanded portfolio of advanced capabilities. Headquartered in Chantilly, Virginia, Radiant has built a strong and growing presence within the U.S. Intelligence Community and has contracts with the National Reconnaissance Office (NRO), National Geospatial-Intelligence Agency (NGA), Defense Intelligence Agency (DIA) and Special Operations Command (SOCOM).
“The acquisition of The Radiant Group represents an important step in deriving new insights for customers from DigitalGlobe’s imagery and other geospatial information sources,” said Jeffrey R. Tarr, Chief Executive Officer of DigitalGlobe. “Combining Radiant with DigitalGlobe greatly enhances both organizations’ capabilities, expands our customer base across the U.S. Intelligence Community and increases our access to contract vehicles. Importantly, this acquisition also brings together hundreds of innovative developers and analysts with expertise in geospatial big data and analytics. Combined with the world’s most advanced commercial Earth-imaging capability, unrivaled archive and platforms, these capabilities position us to deliver more value to customers and shareowners.”