Trimble Acquires Dynamic Survey Solutions to Expand its Seismic Survey Capabilities

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May 16, 2011, 06:30 ET

SUNNYVALE, Calif., May 16, 2011 /PRNewswire/ -- Trimble (Nasdaq: TRMB) today announced that it has acquired seismic survey software provider Dynamic Survey Solutions, Inc. of Essex, Vermont. The acquisition is expected to expand Trimble's presence in the seismic survey industry. Financial terms were not disclosed.

Dynamic Survey Solutions' GPSeismic® suite of software applications are designed specifically for the seismic survey industry to process and manage data. The applications run on the Windows XP, Vista, and 7 operating systems (both 32 and 64 bit). GPSeismic supports more than 50 types of survey instruments ranging from GPS to inertial and conventional survey systems and offers a comprehensive set of tools for the land seismic surveyor. The software suite is used worldwide by geophysical contractors, seismic survey companies, oil companies and survey audit companies.

"Our success has been attributed to the feedback we've received from our clients over the past 18 years. Supporting a broad range of survey systems in use has given us the ability to work with an extremely diverse client base. With the acquisition, this aspect of our business will not change," said Cliff Harris, founder and president of Dynamic Survey Solutions. "As part of Trimble we will have an opportunity to apply our industry knowledge beyond office software to field operations."

"The addition of GPSeismic gives Trimble the opportunity to build a seamless platform where all aspects of the seismic surveying workflow are provided and supported by one organization," said Anders Rhodin director of Trimble's Survey Business. "Combining the strength of the Trimble survey product portfolio and the superior seismic software from Dynamic Survey Solutions will result in an advanced solution for the seismic survey market, both in data collector functionality and GPSeismic integration."

The business will be reported as part of Trimble's Engineering and Construction segment.

About Dynamic Survey Solutions, Inc.

Founded in 1993, Dynamic Survey Solutions, Inc. is the leader in seismic survey software. Its principal product, GPSeismic, represents a suite of data processing and management tools that has grown in step with the development of new survey technologies and geophysical requirements in the oil and gas exploration sector. GPSeismic's leadership in this field is the result of a fundamental philosophy of quickly responding to the needs of the client by a programming staff with extensive experience in both geophysics and survey.

For more information, please visit: www.gpseismic.com.

About Trimble

Trimble applies technology to make field and mobile workers in businesses and government significantly more productive. Solutions are focused on applications requiring position or location—including surveying, construction, agriculture, fleet and asset management, public safety and mapping. In addition to utilizing positioning technologies, such as GPS, lasers and optics, Trimble solutions may include software content specific to the needs of the user. Wireless technologies are utilized to deliver the solution to the user and to ensure a tight coupling of the field and the back office. Founded in 1978, Trimble is headquartered in Sunnyvale, Calif.

For more information, visit Trimble's Web site at: www.trimble.com.

Certain statements made in this press release are forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties, and actual events and results may differ materially from those described in this news release. Factors that could cause or contribute to such differences include, but are not limited to, Trimble's ability to successfully integrate and expand the GPSeismic product offerings, provide a seamless platform for seismic survey workflow and maintain commercial relationships with customers and other third parties. Additional risks and uncertainties include: the risks inherent in integrating an acquisition; unanticipated expenditures, charges or assumed liabilities that may result from the acquisition; and retaining key personnel. More information about potential factors which could affect Trimble's business and financial results is set forth in reports filed with the SEC, including Trimble's quarterly reports on Form 10-Q and its annual report on Form 10-K. All forward looking statements are based on information available to Trimble as of the date hereof, and Trimble assumes no obligation to update such statements.

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SOURCE Trimble