Colorado-based DigitalGlobe Inc. (NYSE: DGI), a global leader in Earth imagery, said it agreed to acquire Virginia-based Radiant Group, a leading pure-play geospatial innovation and data analytics company focused on the Intelligence and Special Operations community, from Stamford, Connecticut-based private equity firm Aston Capital, for $140 million in cash.

The Radiant Group is a unified team of business units that provides its customers with a combination of expertise, technologies and tools to achieve mission success. In 2012, Aston Capital approached RadiantBlue Technologies and RAI Government Services about forming an enterprise focused on technology-oriented solutions and analytics, from satellite to decision maker to operator. In June 2013, The Radiant Group Inc was born, and since then, the enterprise has added The HumanGeo Group, Dagger Networks, and AFIX Technologies.

Radiant has built a growing presence within the U.S. intelligence community and has contracts with the National Reconnaissance Office (NRO), National Geospatial-Intelligence Agency (NGA), Defense Intelligence Agency (DIA) and Special Operations Command (SOCOM).

DigitalGlobe,formerly known as EarthWatch, is a leading provider of commercial high-resolution Earth observation and advanced geospatial solutions. The company was founded in 1993 and has a market capitalization of $1.67 billion.

“Combining Radiant with DigitalGlobe greatly enhances both organizations’ capabilities, expands our customer base across the U.S. Intelligence Community and increases our access to contract vehicles,” said Jeffrey R. Tarr, chief executive of DigitalGlobe.

Radiant’s revenue is expected to reach approximatley $100 million in 2016.

“We are proud to have built Radiant into an innovative technology and analytics business with a proven track record supporting defense and intelligence customers,” said Bobby Basil, a partner at Aston Capital.

Aston Capital is a middle-market private equity fund focused on the aerospace, defense and national security sectors.

The deal is expected to close by the end of 2016, subject to regulatory approvals and customary closing conditions.

O’Melveny & Myers LLP is serving as legal counsel to DigitalGlobe. DLA Piper is serving as legal counsel to Radiant.

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