Planet announced the agreement in December but did not specify official terms, with the deal expected to close in the coming months.
Planet’s website says the company owns the largest constellation of Earth-imaging satellites, launching new ones into orbit every three or four months. With the addition of Boundless Spatial’s data management tools and experience with government clients, Planet plans to make the geospatial data it collects more accessible and valuable to customers.
Boundless has also worked with state and local governments.
“Through this acquisition, we advance our long-term objectives to support and work more closely with the U.S. government as they increasingly look toward commercial products and services that are scalable, cost-effective and reliable,” Planet’s news release said.
As reported by spacenews.com, this will be Planet’s third acquisition after absorbing BlackBridge in 2015 and Terra Bella in 2017 for their satellites. Planet will retain Boundless Spatial’s headquarters and select staff in St. Louis, where one of their primary mutual clients, the National Geospatial Intelligence Agency, is also planning a new headquarters.
