Planet to Acquire Boundless to Further Support U.S. Government Business

SAN FRANCISCO and ST. LOUIS, Dec. 18, 2018 (GLOBE NEWSWIRE) -- Planet, an integrated aerospace and data analytics company, today announced it has entered into a definitive agreement to acquire Boundless, the leader in open and scalable GIS. The acquisition will expand Planet’s commercial business with the U.S. government and commercial agriculture clients.

“Boundless is a leader in geospatial data management software and is aligned with our objective to deliver novel geospatial data subscription services and accelerate adoption for enterprise customers,” said Robbie Schingler, co-founder and chief strategy officer of Planet. “We are looking forward to the synergy between Planet and Boundless and are thrilled to welcome Boundless to the Planet family.”

Planet will leverage the Boundless technology and its expertise deployed inside the U.S. government to further facilitate the utility of Planet products. Planet will also incorporate the strong customer-centric culture, which is at the heart of success in deploying geospatial data and technologies to Boundless customers. As part of the agreement, Planet will continue to support large enterprise customers in U.S. government and agriculture and retain the company’s St. Louis headquarters and select staff.

“Federal agencies rely on timely and accurate geospatial intelligence to make critical decisions that impact safety, security and quality of life, and Boundless is dedicated to delivering deeper insights to these organizations,” said Andy Dearing, CEO of Boundless. “Joining the Planet team allows us to extend this commitment even further, and we look forward to working together on empowering U.S. government with geospatial data and technology.”

The Planet U.S. government team will form a subsidiary with Boundless called Planet Federal, which will focus on the growing U.S. government business representing Planet’s commercial products for U.S. government requirements. The acquisition of Boundless enables Planet to advance its long-term objectives to support and work more closely with the U.S. government, as federal agencies increasingly look toward commercial products and services that are scalable, cost-effective, and reliable.

You can learn more about Planet and this news on Planet’s blog. The transaction is subject to customary closing conditions.

About Planet
Planet is an integrated aerospace and data analytics company that operates history's largest commercial fleet of satellites, collecting daily, high resolution imagery of everywhere on earth. Planet’s daily snapshot captures a massive amount of information about our changing planet, and is delivered with the software and analytics users need to make critical business decisions. To learn more visit http://www.planet.com.

About Boundless
Boundless is the leader in open, scalable enterprise-grade GIS software. Boundless empowers state and local governments, federal agencies and commercial enterprises to control the development of their GIS ecosystems and unlock the value of their location-based data to make better decisions, answer location intelligence questions and more fully understand their world. The experts at Boundless reduce the cost and time of deploying, managing and enriching the use of geospatial software with scalable, fully managed, cloud-hosted GIS solutions – including Server™, Exchange™, Anywhere™, Offline Tile Server™, Desktop™, and Connect™. Learn more at boundlessgeo.com. Follow Boundless @boundlessgeo.

Media Contact
Trevor Hammond
Planet
press@planet.com

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