GMV’s Grand Growth

GMV supplies satellite ground system software for agencies, operators, manufacturers, and integrators around the world. The key reasons for the company’s worldwide success include the European satellite navigation program, GMV’s technology for satellite ground control systems, and the expansion of the company’s North American division, which is based in Rockville, Maryland. GMV is delighted to announce the firm experienced strong, organic growth in 2007. GMV witnessed a 17 percent increase in overall revenue, up to $106 million. Space and defense is the largest business area in the company. This area comprises approximately 62 percent of the company’s revenues and saw a significant revenue increase between 2006 and 2007. Total revenue for space and defense was $77 million U.S. dollars. The firm did complete one space-related acquisition in 2007. GMV was a majority-shareholder in SkySoft S.A. in Portugal and bought out the remaining owners for 100 percent ownership.