OmniEarth Completes Acquisition of IRISmaps

On August 29, OmniEarth completed its acquisition of IRISmaps, Inc., in a stock-for-stock transaction. IRIS provides customized, cloud-based solutions that integrate Earth imagery with geospatial and business data to enable organizations to access information, analyze it, and take action to solve business problems quickly and effectively. The combined companies will be led by OmniEarth CEO, Lars Dyrud.

“We’re very excited about bringing IRIS into our team. The capabilities they bring will enable OmniEarth to deliver our value-added data stream to subscribers as soon as our constellation goes live,” Dyrud said. “IRIS also brings a portfolio of off-the-shelf products that provide the customer focused analytics platform that is crucial for turning data into insight.”

IRIS’ portfolio includes asset and environmental monitoring products that have been deployed at major agriculture and energy companies, and in the public sector. Dyrud sees this as a natural fit for OmniEarth, which is focusing its initial business offerings on underserved markets like agriculture and energy.

With the IRIS acquisition, OmniEarth will be well-positioned to deliver solutions that will inform all phases of energy exploration and development, Dyrud said. Specifically, the company plans to continue IRIS’ energy portfolio products, such as high-consequence area monitoring and thermal steam cycle analysis, as well as establish new ones that combine the talents of the IRIS software developers with rich data fusion and analytics enabled by the planned OmniEarth constellation.