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IHS Acquires XēDAR For $28M

By TechTaffy Desk

[Techtaffy Newsdesk]

Information and analytics company IHS has acquired XēDAR, a developer and provider of geospatial information products and services, for approximately $28 million, net of cash acquired.

XēDAR collects high-resolution aerial digital imagery, both multispectral and laser, then processes and enhances the resulting data, and sells the products to government and commercial clients. Its geographic information systems (GIS) and land information systems (LIS) services provide government, natural resource, utility and oil and gas clients with land database information products and production services related to the creation, automation or enhancement of land records and custom mapping. XēDAR is headquartered in Arvada, Colo., and maintains an office in Albuquerque, New Mexico. The company employs 134 people.

[Image Courtesy: XēDAR]

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