WALNUT CREEK, Calif. (Sept. 12, 2005) - GlobeXplorer announced today that it has acquired a 100 percent interest in AirPhotoUSA LLC. Financial terms of the deal were not disclosed.
The combination of GlobeXplorer's earth imagery and property information Web services along with AirPhotoUSA's industry-leading aerial map production and sales expertise will provide customers a more powerful set of land information solutions.
"Customers are demanding more powerful and cost-effective options for making imagery and maps part of their business and personal lives," said Rob Shanks, GlobeXplorer's president. "This consolidation of companies and products will help us meet these demands in new and more powerful ways. For the past six years, GlobeXplorer and AirPhotoUSA have been close business partners. Both companies are passionate about making high-resolution aerial imagery and mapping data a larger part of mainstream business. Customers in Real Estate, Insurance, Engineering, Utilities/Telecommunications, Government, Planning, News/Media, Mapping, and more will all benefit greatly from this exciting new combination of products and services."
"As our companies have grown, the alliance between AirPhotoUSA and GlobeXplorer has continually strengthened, based on a mutual dedication to building customer relationships and serving the growing need for dependable, accessible, high quality visual information," said JR Robertson, founder and chief executive officer of AirPhotoUSA. "Now, through the synergy of AirPhotoUSA and GlobeXplorer we will bring our customers new levels of accessibility, functionality and unrivaled value with the combined strength of our high resolution imagery, content, and GlobeXplorer internet delivery technology."
Both companies will remain focused on their core capabilities, while leveraging the strengths of each others' spatial data products and services. Working within the Real Estate Information division of Stewart Information Services Corp. (NYSE-STC), GlobeXplorer's integration of AirPhotoUSA will be productized inside several nationwide and international initiatives.
GlobeXplorer and AirPhotoUSA will remain based in their home offices of Walnut Creek, California, and Phoenix, Arizona, respectively. Additional details and information about the acquisition will be made available at http://www.globexplorer.com/company/newsroom.shtml.
About GlobeXplorer, LLC
GlobeXplorer LLC is a leading geographic data integration and publishing company providing online access to the world's largest commercial library of aerials, satellite imagery, and physical property information. The company's land information library is distributed over the Internet using a proprietary platform that dynamically searches, retrieves, compacts, and delivers high-quality images from an online database within seconds. GlobeXplorer provides fast and affordable access to geographic content to thousands of businesses and consumers on a daily basis. Through dynamic Web applications, Web services, Internet portals, and Internet-aware devices, GlobeXplorer distributes interactive aerial and property maps via flexible subscription services. For further information, contact GlobeXplorer at email@example.com or visit http://www.globexplorer.com. GlobeXplorer is a wholly owned subsidiary of Stewart Information Services Corp.
About AirPhotoUSA, LLC
AirPhotoUSA, headquartered in Phoenix, Ariz., is advancing the wide spread application of aerial imagery with innovation and technology in pre-packaged, value priced, visual information solutions. AirPhotoUSA customers represent a range of industries including Real Estate, Retail, Engineering and Environmental Consultants, Government Agencies, Utilities, Location Based Services, Visual Simulation Systems, and GIS Professionals. AirPhotoUSA, through its relationship with GlobeXplorer also offers its customers comprehensive Web-enabled solutions including on-line mapping, Internet / ASP delivery and 3-D web streaming applications. AirPhotoUSA is a principle resource for one of the largest and most accessible digital image archives available for US imagery. www.airphotousa.com
Stewart Information Services Corp. is a technology driven, strategically competitive, real estate information and transaction management company. Stewart provides title insurance and related information services required for settlement by the real estate and mortgage industries through more than 8,000 policy-issuing offices and agencies in the United States and international markets. Stewart also provides post-closing lender services, automated county clerk land records, property ownership mapping, geographic information systems, property information reports, flood certificates, document preparation, background checks and expertise in tax-deferred exchanges. More information can be found at www.stewart.com.