"The sale of EarthWhere is another strategic step forward for SANZ. This transaction is good for us and it's good for SPADAC," said Todd Oseth, Chairman and CEO of SAN Holdings, Inc. "It allows SANZ to focus on growing our core data access solutions business, and it allows SPADAC to complement and expand upon its existing geospatial predictive analytics solutions."
EarthWhere automates the management of geospatial data - elevation models, scanned maps, satellite imagery and aerial photography - allowing companies and government agencies to quickly ingest, catalog, explore and provision raster data.
SANZ is a leading provider of data access solutions focused exclusively on the design, deployment and support of business critical IT environments for corporations and government agencies. SANZ is a subsidiary of SAN Holdings, Inc. For more information, please visit www.sanz.com.
SPADAC, headquartered in McLean, VA, is the premier provider of relevant and actionable information to the owners of the world's most critical decisions. Customers rely on SPADAC's predictive and geointelligence analysis products and services to make better decisions faster, leveraging patented technologies, visualization services and domain expertise. SPADAC's analytical and product solutions range from risk assessment and resource allocation to opportunity identification and discovery. With unwavering commitment, SPADAC provides its clients - including defense, intelligence, homeland security and business...The Power to Know Where(R). Visit SPADAC's website at www.spadac.com.
This press release contains statements that are "forward-looking statements" under the Federal securities laws. These forward-looking statements include statements regarding our expectations, beliefs, or intentions about the future, and are based on information available to us at this time. We assume no obligation to update any of these statements and specifically decline any obligation to update or correct any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events. Actual results could vary materially from our expectations. Factors that could cause actual results to vary materially include, but are not limited to: component quality and availability, transition to new products, changes in business conditions, changes in the company's sales strategy, competition in the storage management engineering services marketplace, competitive pricing pressures, continued market acceptance of the company's products, delays in the development of new technology, changes in customer buying patterns, changes in the company's business strategy to improve long-term financial and operational results, including but not limited to costs reductions, one-time events and other important factors disclosed previously and from time to time in our filings at the SEC.