DMTI Spatial has been acquired by Neopost
DMTI Spatial, Canada’s leading source of location intelligence and address data announced last week that it has been acquired by Europe-based mailroom solutions provider Neopost.
“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. Neopost will provide DMTI with the necessary investment and resources to enhance our rich, location-based solutions for our customers and partners.”
As 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. DMTI Spatial will join the Data Quality business unit.
Location based software-as-a-service (SaaS) solutions developed by DMTI Spatial are adaptable to other countries and cultures and effectively complement Neopost’s portfolio of customer and address-focused solutions. The acquisition will enable both companies to deliver exceptional product and software offerings to a global market. Neopost has presence in 90 countries with 6,000 employees and annual sales of CDN $1.4 million (€1.1 million) in 2012.
Neopost/Human Inference is positioned in the visionaries’ quadrant of Gartner’s influential 2013 Magic Quadrant for Data Quality Tools. Gartner has stated that 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. It is estimated that this market reached $960 million in software revenue at the end of 2012.
The full announcement regarding the acquisition can be seen here.