Houston, Texas-based Landmark Graphics Corp has completed an agreement to acquire ITA Inverse Theory & Applications Inc, a software developer specialising in workstation-based processing of geophysical data; the acquisition was based on a stock for stock exchange and will be treated as a pooling-of-interests for accounting purposes, and Landmark issued 763,000 shares worth about $11.8m […]
Houston, Texas-based Landmark Graphics Corp has completed an agreement to acquire ITA Inverse Theory & Applications Inc, a software developer specialising in workstation-based processing of geophysical data; the acquisition was based on a stock for stock exchange and will be treated as a pooling-of-interests for accounting purposes, and Landmark issued 763,000 shares worth about $11.8m for ITA;as a wholly-owned subsidiary, ITA will maintain its operations at its Calgary, Canada headquarters.
