Ubisense acquires US geospatial location solutions business


29-09-2011

Ubisense Group plc, the market-leading location solutions company, has acquired Integrated Mapping Services Inc (“InMaps”), a US-based company focused on delivering geospatial business solutions to electric and gas utilities, for $700,000 in cash.

InMaps' provides a suite of products, integrated with GPS and geospatial products such as GE Smallworld, to help utilities improve reliability and comply with industry regulations.
 
The acquisition of InMaps strengthens Ubisense’s offering in the electric and gas industries and solidifies the Group’s position as one of the world’s leading location solutions companies. InMaps will become part of the Group’s Geospatial division and will operate under the Ubisense name.
 
In the year to 31 December 2010, InMaps had revenues of over $1m.
 
Richard Green, Ubisense CEO, commented: “The products that InMaps has developed for the gas industry are a perfect fit with our own offering and the direction we are taking our Geospatial business.
 
“System safety and reliability are increasingly complicated and critical issues for gas and electric utilities.  With the acquisition of InMaps, we will now be able to deliver a comprehensive suite of geospatial business solutions which will help our customers meet these challenges with the best available technologies.”
 


About InMaps
 
Since 1996, InMaps has been creating geospatial business solutions for natural gas and electric utilities. The Company is an acknowledged expert in deploying, customizing, and managing Smallworld systems.
 
InMaps’s newest product, VeroTrack® Automated Survey Tracking (AST) automates record keeping for natural gas leak surveys. Developed in conjunction with the Gas Technology Institute, VeroTrack AST is a unique solution that integrates with multiple GIS platforms.

 

 

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Enquiries:

Ubisense
Richard Green, Chief Executive Officer +44 (0) 1223 535170
Gordon Campbell, Chief Financial Officer

College Hill
Adrian Duffield / Jon Davies +44 (0) 20 7457 2020

Canaccord Genuity
Simon Bridges / Henry Fitzgerald-O'Connor +44 (0) 20 7050 6500

 

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