Ubisense InMaps acquisition is first since IPO

Ubisense has announced the $700,000 (£450k) acquisition of InMaps, providing the Cambridge technology company with further traction in the US geospatial market.

It is Ubisense's first acquisition since it listed on the London Stock Exchange and complements its work in geospatial, having recently announced a joint contract with PA Consulting to provide an operational support system for GE services that include GE Smallworld solutions.

InMaps (Integrated Mapping Services) specialises in services for electric and gas utilities, providing a suite of products which integrate with GPS and geospatial products such as GE Smallworld and generated revenues of £1m in 2010.

"The products that InMaps has developed for the gas industry are a perfect fit with our own offering and the direction we are taking our geospatial business," said Richard Green, Ubisense CEO.

Ubisense's geospatial division generates 65 per cent of the company's revenues and grew 26 per cent in the first half of 2010.