Irvine, CA — Digital Map Products, Inc. has acquired DMTI Spatial from Neopost Canada. DMTI offers a suite of location-based intelligence solutions, including CanMap and LocationHub, powered by a proprietary database that is continuously updated via more than 7,300 unique data sources. DMTI offers the most comprehensive source of Canadian geolocation data and high precision addresses, trusted by many of the country’s largest private and public sector organizations.
The acquisition of DMTI enables DMP to continue building the leading cloud-based platform in geospatial intelligence, supporting DMP’s plans to expand its geographic footprint, broaden its suite of geospatial mapping solutions, and strengthen its blue-chip client base. In the U.S., DMP is a data content provider to four of the six largest real estate websites, two of the top three multiple listing service (MLS) companies, the two largest gas and electric utility companies as well as a host of navigation and location-driven technology companies. Additional U.S. enterprises supported by the power of DMP’s geospatial mapping technology, applications and content include four of the top five commercial brokerage firms, every top 10 home builder brand, hundreds of city government agencies and the largest state in the union.
“We are thrilled to welcome DMTI to the DMP family as we continue to grow our capabilities in location-based technology,” said Jim Skurzynski, chief executive officer at DMP. “Both companies have established a strong history of customer success and technology innovation in our respective markets. And this, combined with a shared belief in the power and accessibility of spatial data, will help DMP expand to serve a fast-growing roster of business and government clients across North America.”
Founded in 2000, DMP is a provider of geospatial mapping technology, applications and content to a variety of end markets, including real estate, government, technology, and utilities. DMP’s SpatialStream platform provides customers with real-time access to parcel-level land information covering over 94 percent of U.S. parcel boundaries. The company recently received a strategic growth investment from Silversmith Capital Partners and is actively using the capital to continue investing in its proprietary land ownership database and accompanying workflow tools.
DMP and DMTI are well-aligned in their long-term vision of democratizing geospatial technology and content for use by non-technical users. By embedding mapping technology and data into everyday business processes, both companies enable these non-technical users in various functional areas to leverage the value of location intelligence. In addition to bolstering its product suite and geographic footprint to better serve its growing customer base, DMP is excited to add the talented staff from DMTI to its growing team.
“We are excited to join with DMP and look forward to taking advantage of the immediate synergies available,” said Paul Franc, general manager of DMTI Spatial. “The chance to be joined with a large, fast-moving and innovative company now serving both the U.S. and Canadian markets represents an incredible opportunity for our team and our customers.”
DMP was advised by Choate, Hall & Stewart LLP and the Toronto office of Norton Rose Fulbright. Financial terms of the acquisition were not disclosed.