{"id":746189,"date":"2023-04-10T08:05:43","date_gmt":"2023-04-10T12:05:43","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/nv5-completes-the-acquisition-of-l3harris-subscription-based-geospatial-software-business\/"},"modified":"2023-04-10T08:05:43","modified_gmt":"2023-04-10T12:05:43","slug":"nv5-completes-the-acquisition-of-l3harris-subscription-based-geospatial-software-business","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/nv5-completes-the-acquisition-of-l3harris-subscription-based-geospatial-software-business\/","title":{"rendered":"NV5 Completes the Acquisition of L3Harris Subscription-Based Geospatial Software Business"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">HOLLYWOOD, Fla., April  10, 2023  (GLOBE NEWSWIRE) &#8212; <strong>NV5 Global, Inc. (the \u201cCompany\u201d or \u201cNV5\u201d) (Nasdaq: NVEE)<\/strong>, a provider of technology, conformity assessment, and consulting solutions, announced today the closing of its acquisition of L3Harris Technologies, Inc.\u2019s Visual Information Solutions commercial geospatial technology and software business (\u201cVIS\u201d).\u00a0\u00a0 First announced in December, the acquisition has received regulatory approvals and enhances NV5\u2019s position as North America\u2019s premiere provider of geospatial data solutions, accompanying the acquisition of Axim Geospatial completed earlier this year.<\/p>\n<p>\u201cThis acquisition supports NV5\u2019s expansion in a subscription-based geospatial product and service model and strengthens our role in supporting the nation\u2019s defense and intelligence communities through geospatial information management and analytics,\u201d said Dickerson Wright, PE, Chairman and CEO of NV5. \u201cAs the only provider of software solutions to analyze over 200 geospatial data types and comprehensive in-house LiDAR, topobathymetric LiDAR, and full ocean depth sonar capabilities, NV5 has built a distinct competitive advantage and robust platform to support accelerated organic growth.\u201d<\/p>\n<p>The VIS acquisition includes 16 U.S. Patents for geospatial data analytics. NV5 will also receive ownership of an additional 13 U.S. and non-U.S. Trademark Registrations for leading geospatial software applications with approximately 500,000 global users. These software products include prominent applications such as ENVI, IDL, Jagwire, Amplify, and Helios, which are relied upon by the United States Department of Defense and federal civilian agencies for the analysis and management of geospatial data.<\/p>\n<p>\n        <strong>About NV5<\/strong><br \/>\n        <br \/>NV5 Global, Inc. (NASDAQ: NVEE) is a provider of technology, conformity assessment, and consulting solutions for public and private sector clients supporting sustainable infrastructure, utility, and building assets and systems. The Company focuses on multiple verticals: testing, inspection &amp; consulting, infrastructure engineering, utility services, buildings &amp; owner representation, environmental health sciences, and geospatial technology services to deliver innovative, sustainable solutions to complex issues and improve lives in our communities. NV5 operates out of more than 100 offices nationwide and abroad. For additional information, please visit the Company\u2019s website at\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=rAtBDOPB0QwaYb_b2ADIBnuzdZGSgKJGoBC37qSk6yakekub0SyBJ9HJwogYWZOnerWVdRyMmOb1LywqNQXFcDfsNX7IYLEi-NfAm_9FOY19Xftx40cnpt97ziHxmdt810Y97oWZlLaDgQTTCrRa80dhdkzyuGE5STccXBFx3k4bGibYmFt9klAsd3eg8RVYRkeM8sqCmxXLaYDsQo_ogpxLCRSgudza9gQb6U0k2AY=\" rel=\"nofollow noopener\" target=\"_blank\">www.NV5.com<\/a>. Also visit the Company on\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=zNnZY-y-76UftnLq-mfxeuDlxidO12Y-TaraGhA9VT3qP2HdXgPl9QSBqDupcEuGPWtkP3LhxW-oqpZpJoeZa2yGW25F9-2NAWo0kmm98dmgzSFwWJ0z_8qlJqjQufp_exUWOIdOOkoIPpVXFDWzO0EuEZWqGjesKbQMEE99kg1wh2GrDzHFT37CjXel01aWowNtY2TGZnoDySDlddEpQ91QU04WTUKl57mEhYXlMvKOTcvybFvaejHK71oqbrfP\" rel=\"nofollow noopener\" target=\"_blank\">LinkedIn<\/a>,\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=sf68g_vIXoWluNhf9C3uXle2N_lPW7yHM1qG2IMCdbFeEZM1haeVo2qK3TEZ9-IzgqMfWUfqNW_hl9KXkdLMscCODRVgyXs9m58xX9PiMNpDAT96Nf9vrKoORxM071mTspMGWj6koNbSq3JXGwO0LmyCrrUt9OmsORZflIEk1-mhEML3wqWCQJ0sXo1_hFKd5Gh8rBcP1L5D9464KUgnCw==\" rel=\"nofollow noopener\" target=\"_blank\">Twitter<\/a>,\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=JASHkDYEtAYvUaK2kB9Gv7kMXofIxaTGU_d-NaQKrXn1N_b4DVNXvyppuF6OIaBLkL9l-4j1ALNJQmPegT_aslEKLM36iurBTpQ0GYn_rQQVXd0jYerjLLeuWhh3jX2vUUyPcBO9qLAlmYZYRDNRGaaKHhdWo8pPtPGhuatMKg4OpUtRQdC53NYEz1ELeVmA_vHGYNnZZC3tjzHxxkPUn1wwUfc-jq321XVXBJJoCp-hv2jvFPfxK15uvC9HNhwG\" rel=\"nofollow noopener\" target=\"_blank\">Facebook<\/a>, and\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=dE62CEENSfZawzOAHm8LPj3hx5jT9mtuj-NGa07B3CvwHpRPbcdAPwa6TfZigoyJW8C3Rebk9p9apinDUi1T3DfNMVMwC1MsgFlRN6nAeoU=\" rel=\"nofollow noopener\" target=\"_blank\">Instagram<\/a>.<\/p>\n<p>\n        <strong>Forward-Looking Statements<\/strong><br \/>\n        <br \/>This press release contains \u201cforward-looking statements\u201d within the meaning of the safe harbor provisions of the\u00a0U.S.\u00a0Private Securities Litigation Reform Act of 1995. The Company cautions that these statements are qualified by important factors that could cause actual results to differ materially from those reflected by the forward-looking statements contained in this news release. Such factors include: (a) changes in demand from the local and state government and private clients that we serve; (b) general economic conditions, nationally and globally, and their effect on the market for our services; (c) competitive pressures and trends in our industry and our ability to successfully compete with our competitors; (d) changes in laws, regulations, or policies; and (e) the \u201cRisk Factors\u201d set forth in the Company\u2019s most recent\u00a0SEC\u00a0filings. All forward-looking statements are based on information available to the Company on the date hereof, and the Company assumes no obligation to update such statements, except as required by law.<\/p>\n<p>\n        <strong>Investor Relations Contact<\/strong><br \/>\n        \n      <\/p>\n<p>NV5 Global, Inc.<br \/>Jack Cochran<br \/>Vice President, Marketing &amp; Investor Relations<br \/>Tel: +1-954-637-8048<br \/>Email:\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Dx6uSko877AFu70Kc6OKVnonlUi4jHVA2NfeIzJulNZQxXRLrusTb0pDOJPoVIsmFiUYv4aaO5ALF-Sz3eCEhIfx7FLjeIdNPrhBUDxKIJ13-zYLDXPpB2a_om5woQD_Z00SLsn0zeYS4selHYTZMTadj_Cm3zOgmOWO2IFgwuwhB-RiUUjSlESRWH2sd6ikXRIYpW41hgbCaH_l8kKa9xL5O62SSpsgaqda8XzL9kU=\" rel=\"nofollow noopener\" target=\"_blank\">ir@nv5.com<\/a><\/p>\n<p \/>\n      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODgwNDEzMSM1NTE1OTM2IzIwMDg4MjY=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/MDg1YzQ5ZWUtOThlMS00MWQ3LWFiYmEtY2UxYzc2NDA4Y2FlLTEwMjAzOTk=\/tiny\/NV5-Global-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>HOLLYWOOD, Fla., April 10, 2023 (GLOBE NEWSWIRE) &#8212; NV5 Global, Inc. (the \u201cCompany\u201d or \u201cNV5\u201d) (Nasdaq: NVEE), a provider of technology, conformity assessment, and consulting solutions, announced today the closing of its acquisition of L3Harris Technologies, Inc.\u2019s Visual Information Solutions commercial geospatial technology and software business (\u201cVIS\u201d).\u00a0\u00a0 First announced in December, the acquisition has received regulatory approvals and enhances NV5\u2019s position as North America\u2019s premiere provider of geospatial data solutions, accompanying the acquisition of Axim Geospatial completed earlier this year. \u201cThis acquisition supports NV5\u2019s expansion in a subscription-based geospatial product and service model and strengthens our role in supporting the nation\u2019s defense and intelligence communities through geospatial information management and analytics,\u201d said Dickerson Wright, PE, Chairman and CEO of NV5. &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/nv5-completes-the-acquisition-of-l3harris-subscription-based-geospatial-software-business\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;NV5 Completes the Acquisition of L3Harris Subscription-Based Geospatial Software Business&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-746189","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>NV5 Completes the Acquisition of L3Harris Subscription-Based Geospatial Software Business - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/nv5-completes-the-acquisition-of-l3harris-subscription-based-geospatial-software-business\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NV5 Completes the Acquisition of L3Harris Subscription-Based Geospatial Software Business - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"HOLLYWOOD, Fla., April 10, 2023 (GLOBE NEWSWIRE) &#8212; NV5 Global, Inc. (the \u201cCompany\u201d or \u201cNV5\u201d) (Nasdaq: NVEE), a provider of technology, conformity assessment, and consulting solutions, announced today the closing of its acquisition of L3Harris Technologies, Inc.\u2019s Visual Information Solutions commercial geospatial technology and software business (\u201cVIS\u201d).\u00a0\u00a0 First announced in December, the acquisition has received regulatory approvals and enhances NV5\u2019s position as North America\u2019s premiere provider of geospatial data solutions, accompanying the acquisition of Axim Geospatial completed earlier this year. \u201cThis acquisition supports NV5\u2019s expansion in a subscription-based geospatial product and service model and strengthens our role in supporting the nation\u2019s defense and intelligence communities through geospatial information management and analytics,\u201d said Dickerson Wright, PE, Chairman and CEO of NV5. &hellip; Continue reading &quot;NV5 Completes the Acquisition of L3Harris Subscription-Based Geospatial Software Business&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/nv5-completes-the-acquisition-of-l3harris-subscription-based-geospatial-software-business\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-10T12:05:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODgwNDEzMSM1NTE1OTM2IzIwMDg4MjY=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nv5-completes-the-acquisition-of-l3harris-subscription-based-geospatial-software-business\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nv5-completes-the-acquisition-of-l3harris-subscription-based-geospatial-software-business\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"NV5 Completes the Acquisition of L3Harris Subscription-Based Geospatial Software Business\",\"datePublished\":\"2023-04-10T12:05:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nv5-completes-the-acquisition-of-l3harris-subscription-based-geospatial-software-business\\\/\"},\"wordCount\":532,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nv5-completes-the-acquisition-of-l3harris-subscription-based-geospatial-software-business\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODgwNDEzMSM1NTE1OTM2IzIwMDg4MjY=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nv5-completes-the-acquisition-of-l3harris-subscription-based-geospatial-software-business\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nv5-completes-the-acquisition-of-l3harris-subscription-based-geospatial-software-business\\\/\",\"name\":\"NV5 Completes the Acquisition of L3Harris Subscription-Based Geospatial Software Business - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/nv5-completes-the-acquisition-of-l3harris-subscription-based-geospatial-software-business\/","og_locale":"en_US","og_type":"article","og_title":"NV5 Completes the Acquisition of L3Harris Subscription-Based Geospatial Software Business - Market Newsdesk","og_description":"HOLLYWOOD, Fla., April 10, 2023 (GLOBE NEWSWIRE) &#8212; NV5 Global, Inc. (the \u201cCompany\u201d or \u201cNV5\u201d) (Nasdaq: NVEE), a provider of technology, conformity assessment, and consulting solutions, announced today the closing of its acquisition of L3Harris Technologies, Inc.\u2019s Visual Information Solutions commercial geospatial technology and software business (\u201cVIS\u201d).\u00a0\u00a0 First announced in December, the acquisition has received regulatory approvals and enhances NV5\u2019s position as North America\u2019s premiere provider of geospatial data solutions, accompanying the acquisition of Axim Geospatial completed earlier this year. \u201cThis acquisition supports NV5\u2019s expansion in a subscription-based geospatial product and service model and strengthens our role in supporting the nation\u2019s defense and intelligence communities through geospatial information management and analytics,\u201d said Dickerson Wright, PE, Chairman and CEO of NV5. &hellip; Continue reading \"NV5 Completes the Acquisition of L3Harris Subscription-Based Geospatial Software Business\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/nv5-completes-the-acquisition-of-l3harris-subscription-based-geospatial-software-business\/","og_site_name":"Market Newsdesk","article_published_time":"2023-04-10T12:05:43+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODgwNDEzMSM1NTE1OTM2IzIwMDg4MjY=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/nv5-completes-the-acquisition-of-l3harris-subscription-based-geospatial-software-business\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/nv5-completes-the-acquisition-of-l3harris-subscription-based-geospatial-software-business\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"NV5 Completes the Acquisition of L3Harris Subscription-Based Geospatial Software Business","datePublished":"2023-04-10T12:05:43+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/nv5-completes-the-acquisition-of-l3harris-subscription-based-geospatial-software-business\/"},"wordCount":532,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/nv5-completes-the-acquisition-of-l3harris-subscription-based-geospatial-software-business\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODgwNDEzMSM1NTE1OTM2IzIwMDg4MjY=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/nv5-completes-the-acquisition-of-l3harris-subscription-based-geospatial-software-business\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/nv5-completes-the-acquisition-of-l3harris-subscription-based-geospatial-software-business\/","name":"NV5 Completes the Acquisition of L3Harris Subscription-Based Geospatial Software Business - 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