St. Louis-based software company Boundless will be acquired by Planet, a San Francisco-based company that provides satellite-generated images and analytics. Boundless makes geospatial data management software and had operated for 13 years in New York City before moving to St. Louis in 2017.
Planet announced the deal Wednesday and confirmed Boundless will retain its current staff and St. Louis offices.
Financial terms of the deal were not disclosed.
Boundless’ resources will be used to support U.S. government business, according to a press release from Planet. Boundless and Planet’s U.S. government team will form a subsidiary called Planet Federal to focus on bolstering business relations with the U.S. government and developing products tailored for government requirements.
“Federal agencies rely on timely and accurate geospatial intelligence to make critical decisions that impact safety, security and quality of life,” Boundless CEO Andy Dearing said in a statement. “Joining the Planet team allows us to extend this commitment even further, and we look forward to working together on empowering U.S. government with geospatial data and technology.”
Read more: St. Louis Post-Dispatch