November 2, 2016 / 9:17 PM / a year ago

BRIEF-exactEarth provides update on its transition to an information and analytics company

Nov 2 (Reuters) - exactEarth Ltd

* Taken steps to streamline and re-organize its business

* Changes, combined with other cost rationalizations, are expected to generate annual cost savings of approximately $3.3 million

* Company will take a one-time charge of approximately $1.6 million in Q4 of fiscal 2016

* Will reinvest a portion of savings into our sales and marketing efforts and development of our new data analytics products

* exactEarth provides update on its transition to an information and analytics company Source text for Eikon: Further company coverage:

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