EarthDaily Analytics, a vertically integrated provider of Earth Observation data, analytics, and solutions, announced it has acquired Descartes Labs, a leader in providing actionable intelligence for global enterprises, and its wholly-owned subsidiary, Descartes Labs Government, Inc.. The newly combined company will be led by EDA CEO Don Osborne.
The integration of Descartes Labs’ established insurance, energy, mining, and U.S. defense and intelligence business segments represents a major expansion of EDA’s earth observation (“EO”) and value-added products into market segments with a diversified existing customer base and significant growth potential. Established DL commercial products, including Marigold, Iris, and Ascend, as well as DLG products Retina and Wayfinder, which are utilized by the U.S. Government, will be enhanced by the powerful data provided by the EarthDaily Constellation, set to launch in 2025. The Acquisition ensures that both current and future customers will benefit from best-in-class solutions with unprecedented capabilities.
The Acquisition also further enhances EDA as a platform for future geospatial acquisition opportunities. The Company is focused on acquisition opportunities in which it can gain immediate access to select high-value verticals, leveraging its core technology and cross-platform synergies to unlock material value in the acquired businesses.
Don Osborne, CEO of EarthDaily Analytics, commented, “We are thrilled to welcome the Descartes Labs team into the EarthDaily Analytics family. Having worked closely with DL in recent months, we have been deeply impressed by their unique knowledge and insights in the application of geospatial data to address key challenges facing the public and private sectors. Moreover, drawing on the success of our agriculture business and our proven capabilities in using broad area change detection to identify and address issues on the ground, we see DL as being highly complementary to EDA’s overall business.”
“EDA and DL share a vision for EO in which the value of cutting-edge technology is firmly rooted in its ability to provide material support to decision makers on the ground. Leveraging our core technology, this acquisition instantly positions the combined EDA as a highly relevant player in multiple fast-growing, high-value markets, building on our established position as a global leader in the agriculture and ag insurance markets. Additionally, this significant expansion positions us to offer a comprehensive, end-to-end geospatial and AI service offering that meets the complex and multifaceted needs of even the largest civil government and commercial partners.”
“The full extent of this synergy will become undeniable with the 2025 launch of the EarthDaily Constellation, which will change the game in EO with daily imaging of the world’s landmasses and relevant maritime areas, creating a scientific-quality data source purpose-built for AI applications. Utilizing the combination of Everywhere Everyday EO, multiple high-impact downstream business segments, and our focus on real-world applications and seamless integration with best-in-class data analytics tools, EDA is poised to unlock the full power of big data and AI in geospatial intelligence and applications, driving superior business, regulatory, and policy outcomes.”
Chandra Patel, Managing Partner of Antarctica Capital and Chairman of EarthDaily Analytics, added: “Antarctica Capital has a strong institutional commitment to the geospatial and data analytics sectors. We believe this merger will unlock significant opportunities for growth and innovation, with the newly combined Company positioned to be a vertically integrated industry leader focused on leveraging its data, software, and data analytics as a service platform, driven by AI and machine learning. Antarctica Capital remains committed to supporting EDA through this exciting new chapter.”
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