OmniEarth, a developer of learning technologies and decision-making tools for insurance and other industries, has been acquired.
The buyer: EagleView, a provider of aerial imagery and data analytics for government and commercial industries.
Neither side disclosed financial details, but the deal announcement promoted the mutual benefits for both sides.
EagleView gains OmniEarth’s machine learning capabilities, for example, which should help it establish higher accuracy and precision for existing automated datasets. EagleView said OmniEarth’s ability to get data from geospatial imagery will boost its property reports and Pictometry imagery classification of land areas such as impervious services or irrigated farmland. The combination is also expected to lead to improvements in identifying roof shape and condition, tree overhang, decks, pools and other notable property features.
Lars Dyrud, president and CEO of OmniEarth, said that EagleView’s acquisition will help boost its development of advanced analytic products by allowing it to gain access to EagleView’s Pictometry image library and product infrastructure. EagleView President Rishi Daga said that OmniEarth’s “strong research-oriented team” will “add to the innovative work” his company has been doing.
OmniEarth also develops machine learning technologies and decision-making tools for the water resource management and energy markets.
EagleView is based in Bothell, WA. OmniEarth headquarters are in Arlington, VA.