Canadian location-based data company sold to French firm

Canadian location-based data company sold to French firm

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Canada: DMTI Spatial, a Toronto-based provider of Canadian location-based data to governments and businesses and digital map companies like TomTom, has been bought by Neopost Group, European leader and global supplier of mail solutions.

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.

DMTI will fit well with three of Neopost’s digital data-related subsidiaries, John Fisher, the Canadian company’s chief executive officer and co-founder said. “We’ve wanted to go global for a long time,” he added. “We feel is a really good mix that helps us take our technology to the world.”

Founded in 1994 by Fisher and his partner, chief operating officer Glenor Pitters, DMTI buys data from some 7,000 sources including GPS and satellite imagery that pinpoint the location of property, buildings and roads across Canada.

Source: DMTI Spatial