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February 26, 2014
BlackBridge Acquires 50 Percent Stake in Brazil’s Santiago & Cintra Consultoria

Berlin, Germany, Feb. 21, 2014—BlackBridge is pleased to announce that it has recently purchased 50% of Brazil’s leading geospatial company Santiago & Cintra Consultoria (SCC).

This transaction demonstrates BlackBridge’s commitment to the Brazilian market. Together, BlackBridge and SCC will expand their existing offerings and grow their mutual customer base by taking advantage of their combined assets, know-how, and strong position in the marketplace. This allows both companies to focus on a tailored approach to serving the Brazilian market. With this strategic transaction, BlackBridge has created an innovative new model with the size, scale, and brand recognition needed to focus on the strategic development of products and solutions for this market.

"This operation will definitely have a positive impact in the growth of our organization," said Ryan Johnson, President and CEO of BlackBridge. “Brazil is an important market for us for several reasons: the country has a large territory, a very strong agriculture industry, and it has invested in important environmental programs, which are of particular interest to BlackBridge. In addition to this, SCC has been an excellent partner of our company for many years.”

Iara Musse Felix, CEO of SCC, is also enthusiastic about this transaction. “BlackBridge has a unique product, and we have been very successful in developing solutions using RapidEye imagery. We have resold over 30 million km2 of 5-meter imagery over the Brazilian territory. There are many companies and government institutions that use RapidEye images every day, and we will now work together to also provide them new products and solutions.”

About BlackBridge

BlackBridge is focused on providing end-to-end solutions across the geospatial value chain. This includes satellite operations, ground station services, data center and geocloud solutions, and worldwide satellite imagery distribution through over 100 BlackBridge partners, combined with the creation of value added products and services.

www.blackbridge.com

About Santiago & Cintra Consultoria

Santiago & Cintra Consultoria is a Brazilian consulting company specialized on geospatial solutions. It is the largest supplier of satellite imagery in Brazil and has developed unique Web-GIS based solutions, serving a wide range of markets, such as environment, agriculture, government, forestry, mining, defense, Oil & Gas, education, or telecommunications.

http://www.sccon.com.br/

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