TerraPoint Purchased by TRP Holdings 08.19.2002
TerraPoint LLC has closed on its sale to Houston-based TRP Holdings LLC.
Two TerraPoint veterans and industry experts will serve as senior management: John Zeigler, director of technology development and software engineering, and Dan Phillips, director of data processing, will be managing partners with an equity stake.TRP Holdings purchased TerraPoint from Rosemont, Ill.-based Transamerica Finance Corp.
Under its new ownership, the NASA award-winning TerraPoint will continue to offer the same LIDAR data collection and processing and technology that have helped it become a leader in the field.The company also will continue to provide reliable, detailed and inexpensive digital terrain data to public and private entities in many industries, including: floodplain, forest and environmental management; roads, utility and pipeline planning; geologic hazard determination; and land-use planning.
"TerraPoint's new ownership will lend it the strength and stability it needs to expand," said Dan Cotter, retiring president of TerraPoint.
Potential for Alliances and Joint Ventures "With TRP Holdings' backing, TerraPoint will be able to take advantage of new alliances and joint ventures." TerraPoint manufactures its own data collection equipment, giving its technicians an unrivaled understanding of LIDAR functionality. Since its 1998 inception, the company has collected LIDAR-based digital terrain data for about 100,000 square kilometers in North America, Europe, Asia and Africa.
TerraPoint is also the designer of the proprietary HELIX technology, a helicopter-based LIDAR system designed specifically for collecting data for small-area or corridor surveys.
Under its new ownership, TerraPoint has moved to new offices. The company's new mailing address is: 25216 Grogan Park Drive, The Woodlands, Texas 77380. TerraPoint's phone number will remain the same at (877) 999-7687. For additional information, contact Sales Manager Rodney Cope.