Vexcel Imaging to acquire image resources from Verisk
Vexcel Imaging which provides aerial imagery data, large-format aerial cameras, and photogrammetry software, has signed a definitive agreement to acquire the imagery sourcing group from Verisk’s Geomni business. The acquisition will combine Geomni’s imagery surveying and content-related teams and assets into Vexcel. Verisk will be a minority owner in Vexcel with full access to all aerial imagery libraries.
Geomni’s analytics team and assets will remain part of Verisk and continue to focus on world-class advanced analytics. The team will work closely with Vexcel on a strategic road map and joint projects.
“The strategic alliance between Vexcel and Verisk demonstrates both companies’ resolve to drive rapid innovation across imagery and analytics—to enter new markets, create new categories, and better serve commercial and insurance customers. Partnering with Vexcel is a huge leap forward in the services we can provide customers.” – Jeffrey C. Taylor, president of Geomni.
Vexcel Imaging was founded in 1992. The company’s line of UltraCam systems was launched with the first UltraCam in 2003. Vexcel is headquartered in Boulder, Colorado; operates an office in Graz, Austria; and will now have teams and operational hubs strategically located throughout the United States and in Spain.
“Our alliance with Vexcel benefits our customers through a unified, robust, and rapidly expanding global aerial imagery library that will deepen their understanding of ground truth. The combination of Verisk’s and Vexcel’s data will provide tremendous coverage for customers and help drive Verisk’s proven ability to innovate advanced analytic solutions.” – Mark Anquillare, chief operating officer of Verisk.
“By combining forces with Verisk, we’re making a progressive move to accelerate innovation within the geospatial data industry. Vexcel and Verisk share tremendous synergies, and we look forward to bringing the definitive imagery and geospatial data library to the market—unmatched in its size, quality, and breadth.” – Erik Jorgensen, chairman and CEO of Vexcel Imaging.