Digital Map Products, Inc. of Irvine, CA announced on July 12 that it has acquired DMTI Spatial from Neopost Canada. DMTI is Canada’s market leader in location intelligence and data quality, offering 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.
“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.”