Geospatial services provider Urthecast’s new CEO plans cost-cutting reorganization

by Peter B. de Selding

SOUTHAMPTON, New York — Geospatial imagery services provider Urthecast asked investors for more patience as the company’s new chief executive develops a plan to move Urthecast away from the financial cliff edge it has been on for over a year.

In his first major move since arriving at Urthecast in July, Donald F. Osborne, a former president of MDA Information Systems, said the company had signed a binding agreement to purchase Land O’ Lakes’ Geosys Technology Holdings LLC for $20 million. The transaction will give Urthecast a major agribusiness analytics provider that Osborne . . .

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