Markham, Ontario-based DMTI Spatial Inc, a provider of enterprise location intelligence solutions, has been acquired by Neopost, a European supplier of mail solutions. The transaction, the financial details of which were not published, will allow the two companies to deliver product and software offerings to a global market. DMTI Spatial has been a portfolio company of Canadian venture capital firm MMV Capital Partners since 2005.
DMTI Spatial Acquired by Neopost
TORONTO, Oct. 17, 2013 /CNW/ – DMTI Spatial, the Canadian leader in location-based data quality solutions, today announced it has been acquired by Europe-based mailroom solutions provider Neopost.
The European leader and global supplier of mail solutions, Neopost is progressively building a portfolio of new activities to enhance its offer and support its clients’ needs in areas of Customer Communications Management, Data Quality and Shipping Solutions, including logistics and traceability. Neopost has a direct presence in 30 countries, with 6,000 employees and annual sales of €1.1 billion in 2012. Its products and services are sold in more than 90 countries.
“The DMTI team is thrilled to be joining Neopost,” said John Fisher, CEO, DMTI Spatial. “This acquisition will benefit DMTI and most importantly, our customers. Being part of Neopost’s large, multinational organization will provide DMTI with the necessary investment and resources to enhance our rich, location-based solutions for our customers and partners and extend them to new markets and new geographies.”
The acquisition will enable both companies to deliver exceptional product and software offerings to a global market. DMTI Spatial will join Neopost’s Data Quality business unit. Location based software-as-a-service (SaaS) solutions developed by DMTI Spatial are readily adaptable to other countries and cultures and effectively complement Neopost’s portfolio of customer and address-focused solutions.
According to Gartner, the market for data quality tools has become highly visible in recent years as more organizations understand the impact of poor-quality data and seek solutions for improvement. Neopost/Human Inference is positioned in the visionaries’ quadrant of Gartner’s influential 2013 Magic Quadrant for Data Quality Tools, a market that was approximately $960 million in software related revenue at the end of 2012.
“We are committed to DMTI’s product line of location based services,” said Enno Ebels, Executive Vice President Customer Information Management, the Data Quality Solutions unit of Neopost. “Neopost will invest into further growth and expansion of their core Geospatial Information System (GIS) and SaaS offerings, which we see as a perfect complement to our existing and future address, customer and Master Data Management related solutions.”
About DMTI Spatial Inc.
DMTI has been providing industry leading enterprise Location Intelligence solutions for more than two decades to Global 2000 companies and government agencies. DMTI’s world-class Location Hub® platform uniquely identifies, validates and maintains a universe of location-based data. DMTI is the creator of market leading Mapping Solutions and maintains the gold standard for GIS location-based data in Canada.
Neopost is the European leader and the number two world-wide supplier of Mail Solutions as well as an increasingly significant player in the fields of Customer and Shipping Solutions. As a provider of mailroom equipment, Neopost supplies the most technologically advanced solutions for franking, folding/inserting and addressing, providing a full range of services, including consultancy, maintenance and financing solutions. Neopost is also progressively building a portfolio of new activities to enhance its offering and support its clients’ needs in the fields of Customer Communications Management, Data Quality and Shipping Solutions, including logistics management and traceability. Neopost has a direct presence in 30 countries, with 6,000 employees and annual sales of €1.1 billion in 2012. Its products and services are sold in more than 90 countries.
Neopost is listed in the A compartment of Euronext Paris and belongs notably to the SBF 120 index.
SOURCE DMTI Spatial Inc.
Photo courtesy of Shutterstock.