3001: The Final Odyssey is a science fiction novel published in 1997 (the final book in the Space Odyssey series) that centers around the evolution of intelligence, aliens, earth domination and, well, you get the picture. And while not bent on global domination, 3001 Inc., a leading provider of geospatial data production and analysis, and Northrop Grumman have embarked on their own odyssey with today’s announced definitive merger agreement.
Is it just me or is “odyssey” one of those words that just doesn’t look like its spelled right? Something about the letter sequence looks out of place. And what does that have to do with today’s announcement? Nothing really, but I like to insert a random tangent once and a while just to see if everyone is paying attention.
While not always known as 3001, the company has been around for more than 40 years, and the company assumed its 3001 name in 1998 to convey its position as “the leading-edge geospatial provider of choice today and for the next millennium.”
The company is owned by its management and CM Equity Partners, and counts federal customers that include National Geospatial Intelligence Agency, U.S. Army Corps of Engineers, U.S. Navy Facilities Command, and the U.S. Department of Agriculture. 3001 also has numerous contracts supporting state and local governments.
For Northrop Grumman and Linda Mills, corporate vice president and president of Northrop Grumman IT, the transaction, “will significantly complement our current core geospatial business,” adding in the press release that, “Its strong geospatial data collection, processing and production capabilities help us further address the critical needs and priorities across civilian, defense, intelligence, homeland security, energy and environmental business areas, from both domestic and international perspectives.”
Financial terms of the agreement were not disclosed; the transaction is expected to close in the fourth quarter of 2008 and 3001 will become part of Northrop Grumman’s Information Technology (IT) sector. 3001 CEO Bart Bailey will continue to lead 3001 as part of Northrop Grumman.