GIS applications developer MultiMedia Computer acquired by Intermap Technologies

Denver, USA, 6 March 2007 - Intermap Technologies Corp. has announced that it has acquired the shares and ongoing operations of MultiMedia Computer s.r.o. (MMC), a Czech Republic software development company.

The acquisition of MMC will enable Intermap to evolve its product offerings from pure data sales to solution-based applications for specific markets where strong demand for 3D digital elevation data exists.

The acquired business includes a current customer base, a recurring revenue stream, and a unique software development platform that Intermap has previously used to develop customer applications. MMC has also successfully used its software and the technical expertise of its 20-person staff to develop and deploy flood-mapping applications while securing strong relationships within the European insurance industry.

"The acquisition of MMC allows Intermap to quickly deliver highly innovative solutions to our customers worldwide," explained Brian Bullock, President and CEO of Intermap Technologies. "MMC's current success in the insurance industry will be leveraged into additional markets within our geographic reach. For example, MMC's technological expertise will help propel Intermap into the emerging recreational PND and advanced driver assistance systems arenas. Additionally, MMC will support our continued efforts to bundle progressive solutions for existing enterprise and government markets."

"As a result of our historical relationship with Intermap, the seamless integration of MMC's applications into Intermap's product offerings should provide immediate and significant value to Intermap's customers," commented Zdenek Drbohlav, CEO of MMC.

"The merging of MMC's triumvirate of dedicated people, sophisticated tools, and solid insurance relationships with Intermap's superior 3D digital elevation data and internationally recognized leadership role within the evolving geospatial community, will ensure Intermap's transition to a preeminent solutions-based provider."

Source : http://www.intermap.com